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

adidas AG (OTCMKTS:ADDYY – Get Rating) has been assigned a consensus recommendation of “Buy” from the twenty ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $281.60.

ADDYY has been the subject of several research analyst reports. Sanford C. Bernstein initiated coverage on shares of adidas in a report on Monday, March 14th. They issued an “outperform” rating for the company. HSBC raised shares of adidas from a “hold” rating to a “buy” rating in a research note on Friday, March 11th. Morgan Stanley reduced their target price on shares of adidas from €280.00 ($301.08) to €255.00 ($274.19) and set an “equal weight” rating for the company in a research note on Tuesday, April 12th. Robert W. Baird raised shares of adidas from a “neutral” rating to an “outperform” rating in a research note on Friday, March 25th. Finally, Baader Bank lowered shares of adidas to a “reduce” rating and set a €190.00 ($204.30) target price for the company. in a research note on Wednesday, April 13th.

Shares of ADDYY stock opened at $112.91 on Friday. adidas has a 12-month low of $93.86 and a 12-month high of $199.44. The firm has a market capitalization of $44.05 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 1.12 and a beta of 0.92. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.31. The firm has a fifty day moving average of $116.09 and a 200-day moving average of $137.71.

adidas (OTCMKTS:ADDYY – Get Rating) last announced its quarterly earnings results on Wednesday, March 9th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.19. adidas had a net margin of 10.01% and a return on equity of 18.90%. The company had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.83 billion. Research analysts expect that adidas will post 5.24 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Private Capital Group LLC raised its holdings in shares of adidas by 14.6% in the 1st quarter. Private Capital Group LLC now owns 713 shares of the company’s stock valued at $84,000 after purchasing an additional 91 shares during the period. Sky Investment Group LLC raised its holdings in shares of adidas by 4.1% in the 1st quarter. Sky Investment Group LLC now owns 14,370 shares of the company’s stock valued at $1,679,000 after purchasing an additional 570 shares during the period. Castleview Partners LLC bought a new stake in shares of adidas in the 4th quarter valued at about $172,000. Yousif Capital Management LLC bought a new stake in shares of adidas in the 4th quarter valued at about $894,000. Finally, Henry James International Management Inc. raised its holdings in shares of adidas by 9.9% in the 4th quarter. Henry James International Management Inc. now owns 4,043 shares of the company’s stock valued at $582,000 after purchasing an additional 364 shares during the period. Institutional investors own 0.03% of the company’s stock.

About adidas (Get Rating)

adidas AG, together with its subsidiaries, designs, develops, distributes, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and accessories and gear, such as bags and balls under the adidas brand. It sells its products through approximately 2,200 own-retail stores; mono-branded franchise stores and shop-in-shops; and wholesale and its e-commerce channels.

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