Rhumbline Advisers Has $1.14 Million Stock Holdings in Adidas AG (OTCMKTS:ADDYY)

Rhumbline Advisers raised its stake in Adidas AG (OTCMKTS:ADDYY) by 7.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,655 shares of the company’s stock after purchasing an additional 709 shares during the quarter. Rhumbline Advisers’ holdings in Adidas were worth $1,139,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Madison Investment Advisors LLC bought a new position in Adidas in the 4th quarter worth approximately $2,437,000. GAMMA Investing LLC raised its stake in shares of Adidas by 13,801.2% during the first quarter. GAMMA Investing LLC now owns 124,694 shares of the company’s stock worth $14,710,000 after acquiring an additional 123,797 shares in the last quarter. Finally, Mar Vista Investment Partners LLC grew its stake in shares of Adidas by 2.6% during the fourth quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company’s stock valued at $3,556,000 after buying an additional 731 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ADDYY shares. Berenberg Bank upgraded shares of Adidas to a “hold” rating in a report on Tuesday, April 15th. Piper Sandler initiated coverage on shares of Adidas in a research report on Monday, May 5th. They issued an “overweight” rating on the stock. Bank of America raised Adidas from a “neutral” rating to a “buy” rating in a report on Thursday, April 24th. Baird R W upgraded shares of Adidas from a “hold” rating to a “strong-buy” rating in a report on Monday, April 21st. Finally, DZ Bank raised shares of Adidas from a “hold” rating to a “strong-buy” rating in a report on Friday, May 23rd. Three analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Adidas Price Performance

Shares of Adidas stock opened at $112.86 on Friday. The stock’s fifty day moving average is $119.42 and its 200 day moving average is $122.85. The stock has a market cap of $40.30 billion, a P/E ratio of 36.76, a P/E/G ratio of 0.56 and a beta of 1.22. Adidas AG has a one year low of $99.40 and a one year high of $137.73. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.72 and a current ratio of 1.29.

Adidas (OTCMKTS:ADDYY) last released its earnings results on Tuesday, April 29th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.01. Adidas had a return on equity of 17.85% and a net margin of 4.20%. The firm had revenue of $7 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Sell-side analysts anticipate that Adidas AG will post 2.27 earnings per share for the current year.

Adidas Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 20th were paid a $0.7565 dividend. This is an increase from Adidas’s previous dividend of $0.24. The ex-dividend date was Monday, May 19th. This represents a yield of 0.62%. Adidas’s payout ratio is presently 24.76%.

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.