adidas AG (OTCMKTS:ADDYY) Given Average Rating of “Buy” by Analysts

Shares of adidas AG (OTCMKTS:ADDYYGet Free Report) have earned an average rating of “Buy” from the six research firms that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a buy rating.

A number of equities research analysts recently weighed in on ADDYY shares. Stifel Nicolaus upgraded shares of adidas from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Morgan Stanley raised shares of adidas from an “underweight” rating to an “overweight” rating in a research note on Monday, April 15th.

View Our Latest Stock Analysis on ADDYY

Institutional Investors Weigh In On adidas

Several hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new position in shares of adidas in the 4th quarter valued at about $45,000. Fisher Asset Management LLC lifted its position in adidas by 27.5% in the 4th quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock worth $1,296,000 after buying an additional 2,749 shares in the last quarter. Capital Square LLC acquired a new stake in shares of adidas during the 4th quarter valued at $1,405,000. Finally, Mar Vista Investment Partners LLC grew its holdings in shares of adidas by 8.0% during the 4th quarter. Mar Vista Investment Partners LLC now owns 27,044 shares of the company’s stock valued at $2,749,000 after acquiring an additional 2,000 shares in the last quarter.

adidas Stock Up 2.3 %

Shares of OTCMKTS:ADDYY opened at $119.87 on Thursday. The company’s fifty day moving average is $121.12 and its two-hundred day moving average is $109.54. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.66 and a current ratio of 1.22. adidas has a 1-year low of $81.88 and a 1-year high of $127.98. The stock has a market capitalization of $45.93 billion, a price-to-earnings ratio of 285.40 and a beta of 1.22.

adidas (OTCMKTS:ADDYYGet Free Report) last posted its earnings results on Tuesday, April 30th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.17). adidas had a net margin of 0.64% and a return on equity of 1.69%. The company had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $5.81 billion. Equities analysts anticipate that adidas will post 1.68 EPS for the current year.

adidas Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, May 29th. Stockholders of record on Monday, May 20th were given a $0.2394 dividend. The ex-dividend date of this dividend was Friday, May 17th. adidas’s dividend payout ratio (DPR) is presently 54.76%.

adidas Company Profile

(Get Free Report

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.

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Analyst Recommendations for adidas (OTCMKTS:ADDYY)

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