adidas AG (OTCMKTS:ADDYY) Short Interest Update

adidas AG (OTCMKTS:ADDYY) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 10,700 shares, a growth of 7.0% from the March 31st total of 10,000 shares. Based on an average daily trading volume, of 46,100 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

A number of brokerages have issued reports on ADDYY. Stifel Nicolaus upgraded adidas from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Royal Bank of Canada upgraded shares of adidas from a “sector perform” rating to an “outperform” rating in a report on Monday, February 5th. Finally, Morgan Stanley upgraded shares of adidas from an “underweight” rating to an “overweight” rating in a report on Monday, April 15th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, adidas presently has a consensus rating of “Buy”.

Hedge Funds Weigh In On adidas

Several institutional investors have recently bought and sold shares of the business. Mar Vista Investment Partners LLC boosted its position in adidas by 8.0% during the fourth quarter. Mar Vista Investment Partners LLC now owns 27,044 shares of the company’s stock valued at $2,749,000 after purchasing an additional 2,000 shares in the last quarter. Capital Square LLC purchased a new stake in shares of adidas during the 4th quarter valued at $1,405,000. Fisher Asset Management LLC boosted its position in shares of 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 purchasing an additional 2,749 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in adidas during the 4th quarter worth $45,000.

adidas Stock Up 1.4 %

OTCMKTS ADDYY opened at $125.54 on Tuesday. adidas has a 12 month low of $79.58 and a 12 month high of $125.54. The company’s 50-day moving average price is $109.07 and its 200-day moving average price is $101.09. 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 (OTCMKTS:ADDYY) last issued 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). The company had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.22 billion. adidas had a negative return on equity of 2.21% and a negative net margin of 0.33%. As a group, sell-side analysts expect that adidas will post 1.82 earnings per share for the current year.

adidas Cuts Dividend

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

About adidas

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.