Adidas AG (OTCMKTS:ADDYY) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Adidas AG (OTCMKTS:ADDYY) have been given a consensus recommendation of “Buy” by the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and three have issued a strong buy recommendation on the company.

Several research firms have commented on ADDYY. Jefferies Financial Group upgraded shares of Adidas from a “hold” rating to a “buy” rating in a report on Wednesday, September 3rd. BTIG Research assumed coverage on shares of Adidas in a research report on Tuesday, October 14th. They set a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adidas in a report on Wednesday, December 10th.

Institutional Investors Weigh In On Adidas

Several institutional investors have recently added to or reduced their stakes in ADDYY. Madison Asset Management LLC boosted its holdings in Adidas by 11.5% in the third quarter. Madison Asset Management LLC now owns 20,442 shares of the company’s stock valued at $2,166,000 after purchasing an additional 2,110 shares in the last quarter. Mar Vista Investment Partners LLC lifted its position in shares of Adidas by 4.0% during the 2nd quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock worth $3,550,000 after buying an additional 1,180 shares during the last quarter. Yousif Capital Management LLC lifted its position in shares of Adidas by 9.4% during the 2nd quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock worth $607,000 after buying an additional 450 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Adidas by 30.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,375 shares of the company’s stock valued at $161,000 after buying an additional 318 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Adidas by 7.9% in the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock valued at $1,139,000 after buying an additional 709 shares during the last quarter.

Adidas Price Performance

ADDYY stock opened at $97.01 on Monday. The business’s 50-day moving average is $96.74 and its two-hundred day moving average is $104.67. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.31 and a quick ratio of 0.71. The firm has a market capitalization of $34.64 billion, a P/E ratio of 25.40, a P/E/G ratio of 0.56 and a beta of 1.23. Adidas has a 1 year low of $86.28 and a 1 year high of $137.73.

Adidas (OTCMKTS:ADDYY) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.07). Adidas had a return on equity of 20.72% and a net margin of 5.00%.The company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $6.22 billion. Analysts anticipate that Adidas will post 2.27 earnings per share for the current fiscal year.

About Adidas

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.