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

Adidas AG (OTCMKTS:ADDYY) has earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $146.02.

Several equities analysts recently weighed in on the company. UBS Group downgraded Adidas from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adidas in a research note on Tuesday, June 30th. Royal Bank Of Canada upgraded shares of Adidas from a “sector perform” rating to an “outperform” rating in a report on Wednesday, June 10th. Piper Sandler restated an “overweight” rating on shares of Adidas in a report on Wednesday, July 15th. Finally, Citigroup raised shares of Adidas from a “buy” rating to an “overweight” rating in a research report on Tuesday.

Institutional Trading of Adidas

An institutional investor recently raised its stake in Adidas stock. GAMMA Investing LLC increased its position in Adidas AG (OTCMKTS:ADDYY) by 53.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,101 shares of the company’s stock after buying an additional 732 shares during the quarter. GAMMA Investing LLC’s holdings in Adidas were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

Adidas Trading Up 0.0%

Shares of ADDYY opened at $86.43 on Friday. The stock has a fifty day moving average of $97.07 and a two-hundred day moving average of $90.79. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.74 and a current ratio of 1.39. The company has a market capitalization of $30.88 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.18 and a beta of 1.25. Adidas has a fifty-two week low of $75.19 and a fifty-two week high of $118.00.

Adidas (OTCMKTS:ADDYY) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.16). Adidas had a return on equity of 22.35% and a net margin of 5.30%.The business had revenue of $7.76 billion for the quarter, compared to analysts’ expectations of $7.55 billion. As a group, analysts forecast that Adidas will post 5.35 EPS for the current year.

Adidas Company Profile

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.