GAMMA Investing LLC Acquires Shares of 440 adidas AG (OTCMKTS:ADDYY)

GAMMA Investing LLC bought a new position in shares of adidas AG (OTCMKTS:ADDYY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 440 shares of the company’s stock, valued at approximately $45,000.

Separately, Capital Square LLC bought a new stake in adidas during the 4th quarter worth about $1,405,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ADDYY shares. Stifel Nicolaus raised shares of adidas from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Morgan Stanley raised shares of adidas from an “underweight” rating to an “overweight” rating in a research note on Monday, April 15th. Finally, Royal Bank of Canada upgraded shares of adidas from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 5th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

adidas Stock Up 0.3 %

Shares of OTCMKTS:ADDYY opened at $121.18 on Friday. The firm’s 50 day simple moving average is $110.33 and its 200 day simple moving average is $101.59. adidas AG has a fifty-two week low of $79.58 and a fifty-two week high of $125.54. The company has a current ratio of 1.22, a quick ratio of 0.66 and a debt-to-equity ratio of 0.49.

adidas (OTCMKTS:ADDYY) last announced its quarterly earnings results on Wednesday, March 13th. The company reported ($1.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.36). The firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.22 billion. adidas had a negative return on equity of 2.21% and a negative net margin of 0.33%. On average, equities research analysts anticipate that adidas AG will post 1.83 earnings per share for the current fiscal year.

adidas Cuts Dividend

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

adidas 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.