Hantz Financial Services Inc. Sells 2,911 Shares of adidas AG (OTCMKTS:ADDYY)

Hantz Financial Services Inc. lowered its holdings in shares of adidas AG (OTCMKTS:ADDYY) by 7.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 37,212 shares of the company’s stock after selling 2,911 shares during the period. Hantz Financial Services Inc.’s holdings in adidas were worth $4,938,000 as of its most recent filing with the SEC.

Separately, GAMMA Investing LLC grew its holdings in adidas by 23.9% during the second quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock worth $73,000 after purchasing an additional 118 shares during the period.

adidas Stock Performance

Shares of OTCMKTS:ADDYY opened at $117.84 on Friday. adidas AG has a 12-month low of $88.03 and a 12-month high of $134.39. The business has a 50 day moving average of $121.15 and a 200-day moving average of $121.72.

adidas (OTCMKTS:ADDYY) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.25. adidas had a return on equity of 7.93% and a net margin of 1.91%. The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.01 billion. As a group, analysts expect that adidas AG will post 2.06 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. HSBC cut adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Barclays restated an “equal weight” rating on shares of adidas in a report on Monday, September 9th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

About adidas

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.