November 25, 2016 - By Peter Erickson
adidas (ETR:ADS)‘s rating was cut by research professionals at Independent Research GmbH to a “Sell”. They have a PT of EUR 125.00 on ADS. Independent Research GmbH’s PT indicates a potential downside of -9.91% from the stock’s last stock close.
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 €136.71 average target is -1.36% below today’s (€138.6) stock price. adidas has been the topic of 123 analyst reports since June 23, 2015 according to StockzIntelligence Inc. Independent Research downgraded adidas AG (ETR:ADS) rating on Friday, November 25. Independent Research has “Sell” rating and €125 price target. Citigroup downgraded the shares of ADS in a report on Tuesday, October 18 to “Sell” rating. As per Thursday, March 24, the company rating was maintained by Commerzbank. The stock of adidas AG (ETR:ADS) has “Neutral” rating given on Friday, March 11 by Credit Suisse. The firm earned “Hold” rating on Saturday, May 7 by Independent Research. The company was maintained on Friday, August 21 by Goldman Sachs. The rating was upgraded by Deutsche Bank on Tuesday, March 8 to “Buy”. As per Wednesday, January 6, the company rating was maintained by Berenberg. The company was upgraded on Tuesday, November 8 by Goldman Sachs. Kepler Cheuvreux upgraded the shares of ADS in a report on Thursday, October 27 to “Buy” rating.
About 125,422 shares traded hands. adidas AG (ETR:ADS) has risen 14.11% since April 22, 2016 and is uptrending. It has outperformed by 8.70% the S&P500.
Analysts await Alliance Data Systems Corporation (NYSE:ADS) to report earnings on January, 26. They expect $4.41 EPS, up 13.95% or $0.54 from last year’s $3.87 per share. ADS’s profit will be $256.85M for 13.32 P/E if the $4.41 EPS becomes a reality. After $4.54 actual EPS reported by Alliance Data Systems Corporation for the previous quarter, Wall Street now forecasts -2.86% negative EPS growth.
Insitutional Activity: The institutional sentiment increased to 0.91 in Q2 2016. Its up 0.04, from 0.87 in 2016Q1. The ratio is positive, 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.
The Minnesota-based Us Bancorporation De has invested 0.01% in adidas AG (ETR:ADS). Moreover, Bessemer Group Inc has 0% invested in adidas AG (ETR:ADS) for 13 shares. Crosslink Cap Incorporated last reported 129,060 shares in the company. Moreover, Millrace Asset Group has 1.6% invested in adidas AG (ETR:ADS) for 5,000 shares. Pub Sector Pension Invest Board reported 11,226 shares or 0.02% of all its holdings. Smith Thomas W reported 20,125 shares or 5.67% of all its holdings. Hutchin Hill Lp holds 1.18% of its portfolio in adidas AG (ETR:ADS) for 180,000 shares. Dekabank Deutsche Girozentrale holds 0.01% of its portfolio in adidas AG (ETR:ADS) for 4,650 shares. Cornerstone Advsrs Inc last reported 0% of its portfolio in the stock. Envestnet Asset Management Incorporated has invested 0.02% of its portfolio in adidas AG (ETR:ADS). Sumitomo Mitsui Asset Mgmt accumulated 4,570 shares or 0.03% of the stock. Dreman Value Mngmt L L C accumulated 176 shares or 0.02% of the stock. Quantbot Techs Lp, a New York-based fund reported 35,628 shares. Oxford Asset Mngmt accumulated 0.23% or 28,532 shares. Prescott Grp Inc Mngmt Ltd Liability Corp last reported 5,500 shares in the company.
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 4 selling transactions for $6.92 million net activity. On Monday, November 21 the insider Kennedy Bryan J sold $2.46M. ANDERSON BRUCE K sold $78,482 worth of stock. The insider HEFFERNAN EDWARD J sold $3.31M. $1.07M worth of adidas AG (ETR:ADS) was sold by Pearson Bryan A on Tuesday, November 22.
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 29.00 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 28.66 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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