adidas AG (OTCMKTS:ADDYY) Given Consensus Rating of “Buy” by Brokerages

adidas AG (OTCMKTS:ADDYY) has received an average recommendation of “Buy” from the ten analysts that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company.

A number of analysts have recently issued reports on the company. Baird R W upgraded adidas from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 21st. DZ Bank raised adidas from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 23rd. Bank of America raised shares of adidas from a “neutral” rating to a “buy” rating in a report on Thursday, April 24th. Piper Sandler assumed coverage on shares of adidas in a research note on Monday, May 5th. They issued an “overweight” rating for the company. Finally, Berenberg Bank upgraded adidas to a “hold” rating in a report on Tuesday, April 15th.

adidas Trading Down 0.6%

Shares of ADDYY stock opened at $122.16 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.32. The company has a market capitalization of $43.62 billion, a price-to-earnings ratio of 93.97 and a beta of 1.24. adidas has a 52-week low of $99.40 and a 52-week high of $137.73. The company has a 50-day simple moving average of $117.83 and a two-hundred day simple moving average of $122.67.

adidas (OTCMKTS:ADDYY) last released its earnings results on Tuesday, April 29th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.01. The company had revenue of $7 billion during the quarter, compared to analyst estimates of $6.33 billion. adidas had a return on equity of 7.39% and a net margin of 1.91%. Research analysts anticipate that adidas will post 2.27 EPS for the current fiscal year.

adidas Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 20th were paid a $0.7565 dividend. This is a boost from adidas’s previous dividend of $0.24. This represents a dividend yield of 0.62%. The ex-dividend date was Monday, May 19th. adidas’s dividend payout ratio is currently 24.43%.

Institutional Trading of adidas

A number of institutional investors and hedge funds have recently bought and sold shares of ADDYY. GAMMA Investing LLC lifted its holdings in shares of adidas by 17.8% during the first quarter. GAMMA Investing LLC now owns 1,057 shares of the company’s stock valued at $125,000 after purchasing an additional 160 shares in the last quarter. Rhumbline Advisers raised its position in adidas by 7.9% in the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock worth $1,139,000 after buying an additional 709 shares during the last quarter. Madison Investment Advisors LLC bought a new position in adidas during the 4th quarter valued at about $2,437,000. Finally, Mar Vista Investment Partners LLC boosted its holdings in shares of adidas by 2.6% during the 4th quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company’s stock valued at $3,556,000 after acquiring an additional 731 shares during the last quarter.

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.