November 23, 2016 - By Ruchi Gupta
Trading of adidas (ETR:ADS)‘s shares is going to be interesting today, as Norddeutsche Landesbank upgraded the stock to a Buy. Along the rating upgrade, Norddeutsche Landesbank analysts gave a target price of EUR 180.00 or 29.54% more.
Out of 23 analysts covering adidas (ETR:ADS), 7 rate it a “Buy”, 5 “Sell”, while 11 “Hold”. This means 30% are positive. €181 is the highest target while €70 is the lowest. The €136.86 average target is -1.36% below today’s (€138.75) stock price. adidas has been the topic of 122 analyst reports since June 23, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, February 3 by Commerzbank. The rating was maintained by Warburg Research with “Hold” on Thursday, September 29. The stock has “Buy” rating given by Independent Research on Wednesday, January 20. Hauck & Aufhäuser Privatbankiers KGaA downgraded the shares of ADS in a report on Saturday, October 15 to “Sell” rating. The rating was maintained by Independent Research on Wednesday, June 22 with “Hold”. The firm has “Buy” rating given on Friday, December 4 by Independent Research. Commerzbank maintained it with “Hold” rating and €150 target price in Wednesday, October 26 report. Bankhaus Lampe maintained adidas AG (ETR:ADS) on Wednesday, November 11 with “Hold” rating. Goldman Sachs upgraded adidas AG (ETR:ADS) on Tuesday, November 8 to “Buy” rating. The firm earned “Buy” rating on Tuesday, May 24 by Kepler Cheuvreux.
About 142,709 shares traded hands. adidas AG (ETR:ADS) has risen 15.06% since April 21, 2016 and is uptrending. It has outperformed by 9.73% the S&P500.
Insitutional Activity: The institutional sentiment increased to 0.91 in Q2 2016. Its up 0.04, from 0.87 in 2016Q1. The ratio improved, as 68 funds sold all adidas AG shares owned while 172 reduced positions. 60 funds bought stakes while 149 increased positions. They now own 52.14 million shares or 5.27% less from 55.04 million shares in 2016Q1.
Ubs Oconnor Limited Liability last reported 0% of its portfolio in the stock. Pub Employees Retirement Association Of Colorado holds 12,709 shares or 0.02% of its portfolio. Guardian Trust has invested 0% of its portfolio in adidas AG (ETR:ADS). Pnc Serv Grp Inc reported 12,482 shares or 0% of all its holdings. King Luther Capital Management has invested 0.39% of its portfolio in adidas AG (ETR:ADS). Fieldpoint Private Advisors Inc last reported 12,801 shares in the company. Millrace Asset Group holds 1.6% or 5,000 shares in its portfolio. Texas Permanent School Fund accumulated 19,123 shares or 0.05% of the stock. Guardian Life Insurance Of America holds 221 shares or 0% of its portfolio. Capstone Asset Company accumulated 5,485 shares or 0.03% of the stock. Huntington Bank owns 750 shares or 0.01% of their US portfolio. Scotia Cap Inc holds 0.01% or 3,173 shares in its portfolio. Amica Pension Fund Board Of Trustees accumulated 6,041 shares or 0.16% of the stock. Veritas Inv Llp holds 0.04% of its portfolio in adidas AG (ETR:ADS) for 1,146 shares. Qcm Cayman Limited has 1,039 shares for 0.09% of their US portfolio.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 2 selling transactions for $3.39 million net activity. ANDERSON BRUCE K sold 354 shares worth $78,482. HEFFERNAN EDWARD J sold $3.31M worth of stock or 15,223 shares.
adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The company has a market cap of 29.03 billion EUR. The Company’s divisions include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific ; TaylorMade-adidas Golf; Reebok-CCM Hockey; Runtastic, and Other centrally managed business. It has a 28.69 P/E ratio. The TaylorMade-adidas Golf segment includes brands, such as TaylorMade, adidas Golf, Adams Golf and Ashworth.
According to Zacks Investment Research, “Alliance Data Systems Corporation is a leading provider of transaction services, credit services and marketing services to retail companies in North America. They focus on facilitating and managing electronic transactions between clients and their customers through multiple distribution channels including in-store, catalog and the Internet. Their credit and marketing services assist clients in identifying and acquiring new customers, as well as helping to increase the loyalty and profitability of their existing customers.”
Alliance Data Systems Corporation, incorporated on February 23, 1995, is a well-known provider of data-driven marketing and loyalty solutions serving consumer businesses in a range of industries. The Firm offers a portfolio of integrated outsourced marketing solutions, including customer loyalty programs, database marketing services, end-to-end marketing services, analytics and creative services, direct marketing services, and private label and co-brand retail credit card programs. The Firm operates through three divisions: LoyaltyOne, which provides coalition and short-term loyalty programs through the Company’s Canadian AIR MILES Reward Program and BrandLoyalty; Epsilon, which provides end-to-end, integrated marketing solutions, and Card Services, which provides risk management solutions, account origination, funding, transaction processing, customer care, collections and marketing services for the Company’s private label and co-brand retail credit card programs. The Company’s client base is diversified across a range of end-markets, including financial services, specialty retail, grocery and drugstore chains, petroleum retail, automotive, hospitality and travel, telecommunications, insurance and healthcare.
More recent adidas AG (ETR:ADS) news were published by: Wsj.com which released: “Adidas Plans to Sell Parts of Its Golf Business” on May 04, 2016. Also Bloomberg.com published the news titled: “Adidas Raises Full-Year Forecast Amid Chelsea Payment Boost” on July 28, 2016. Wsj.com‘s news article titled: “Adidas Plans Reebok Revamp in Profitability Push” with publication date: November 03, 2016 was also an interesting one.
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By Ruchi Gupta