adidas (OTCMKTS:ADDYY) Lifted to “Buy” at Stifel Nicolaus

Stifel Nicolaus upgraded shares of adidas (OTCMKTS:ADDYY) from a hold rating to a buy rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports.

Several other analysts also recently commented on ADDYY. Royal Bank of Canada upgraded adidas from a sector perform rating to an outperform rating in a research note on Monday, February 5th. Morgan Stanley raised adidas from an underweight rating to an overweight rating in a report on Monday, April 15th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of Buy.

adidas Price Performance

adidas stock opened at $123.82 on Wednesday. The firm has a fifty day simple moving average of $108.46 and a two-hundred day simple moving average of $100.68. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 0.66. adidas has a twelve month low of $79.58 and a twelve month high of $124.00.

adidas (OTCMKTS:ADDYY) last announced its quarterly earnings results on Wednesday, March 13th. The company reported ($1.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.36). adidas had a negative net margin of 0.33% and a negative return on equity of 2.21%. The business had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.22 billion. On average, research analysts predict that adidas will post 1.82 earnings per share for the current fiscal year.

adidas Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 20th will be paid a dividend of $0.2394 per share. The ex-dividend date of this dividend is Friday, May 17th. adidas’s dividend payout ratio is -109.09%.

Institutional Investors Weigh In On adidas

Several large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new position in shares of adidas during the fourth quarter valued at $45,000. Fisher Asset Management LLC lifted its stake in shares of adidas by 27.5% during the 4th quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock worth $1,296,000 after purchasing an additional 2,749 shares during the last quarter. Capital Square LLC bought a new stake in adidas during the fourth quarter valued at about $1,405,000. Finally, Mar Vista Investment Partners LLC grew its stake in adidas by 8.0% in the fourth quarter. Mar Vista Investment Partners LLC now owns 27,044 shares of the company’s stock valued at $2,749,000 after purchasing an additional 2,000 shares during the last quarter.

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.