adidas (OTCMKTS:ADDYY) Upgraded at Stifel Nicolaus

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

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada upgraded adidas from a sector perform rating to an outperform rating in a research report on Monday, February 5th. Morgan Stanley upgraded adidas from an underweight rating to an overweight rating in a report on Monday, April 15th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of Buy.

adidas Stock Performance

OTCMKTS ADDYY opened at $121.72 on Wednesday. adidas has a fifty-two week low of $79.58 and a fifty-two week high of $122.83. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 0.66. The stock’s fifty day moving average is $107.33 and its two-hundred day moving average is $100.29.

adidas (OTCMKTS:ADDYY) last posted its earnings results on Wednesday, March 13th. The company reported ($1.27) 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 during the quarter, compared to analysts’ expectations of $5.22 billion. Equities analysts forecast that adidas will post 1.82 earnings per share for the current fiscal year.

adidas Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 29th. Investors of record on Monday, May 20th will be issued a $0.2394 dividend. The ex-dividend date of this dividend is Friday, May 17th. adidas’s dividend payout ratio is presently -109.09%.

Institutional Investors Weigh In On adidas

Several large investors have recently bought and sold shares of ADDYY. Capital Square LLC purchased a new stake in adidas during the 4th quarter worth about $1,405,000. Fisher Asset Management LLC increased its holdings in 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 period. Mar Vista Investment Partners LLC boosted its position 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 worth $2,749,000 after acquiring an additional 2,000 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of adidas during the 4th quarter worth about $45,000.

adidas Company Profile

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.