adidas AG (OTCMKTS:ADDYY) Receives Average Recommendation of “Buy” from Brokerages

Shares of adidas AG (OTCMKTS:ADDYYGet Free Report) have earned a consensus rating of “Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating.

A number of research analysts recently weighed in on the stock. Stifel Nicolaus upgraded shares of adidas from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Morgan Stanley raised adidas from an “underweight” rating to an “overweight” rating in a research note on Monday, April 15th.

Check Out Our Latest Report on ADDYY

Institutional Trading of adidas

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in shares of adidas during the fourth quarter valued at $45,000. Mar Vista Investment Partners LLC grew its stake in adidas by 8.0% in 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. Fisher Asset Management LLC raised its stake in shares of adidas by 27.5% during the fourth quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock valued at $1,296,000 after acquiring an additional 2,749 shares in the last quarter. Finally, Capital Square LLC bought a new stake in shares of adidas during the fourth quarter valued at approximately $1,405,000.

adidas Price Performance

Shares of OTCMKTS:ADDYY opened at $124.75 on Friday. The stock’s 50-day simple moving average is $119.11 and its two-hundred day simple moving average is $107.24. adidas has a 52-week low of $81.88 and a 52-week high of $127.98. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 0.66.

adidas (OTCMKTS:ADDYYGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.17). The business had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $5.81 billion. adidas had a return on equity of 1.69% and a net margin of 0.64%. As a group, equities analysts forecast that adidas will post 1.66 earnings per share for the current year.

adidas Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, May 29th. Shareholders of record on Monday, May 20th were given a dividend of $0.2394 per share. The ex-dividend date was Friday, May 17th. adidas’s dividend payout ratio (DPR) is 57.14%.

About adidas

(Get Free Report

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.

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Analyst Recommendations for adidas (OTCMKTS:ADDYY)

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