Adidas (OTCMKTS:ADDYY) Shares Gap Up – What’s Next?

Adidas AG (OTCMKTS:ADDYY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $112.85, but opened at $117.38. Adidas shares last traded at $116.87, with a volume of 3,144 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ADDYY shares. Baird R W raised Adidas from a “hold” rating to a “strong-buy” rating in a report on Monday, April 21st. Bank of America raised Adidas from a “neutral” rating to a “buy” rating in a report on Thursday, April 24th. Hsbc Global Res raised Adidas from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 9th. Berenberg Bank raised Adidas to a “hold” rating in a report on Tuesday, April 15th. Finally, DZ Bank raised Adidas from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 23rd. Three investment 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. According to MarketBeat, the stock currently has an average rating of “Buy”.

Adidas Price Performance

The firm has a market cap of $41.72 billion, a price-to-earnings ratio of 38.06, a P/E/G ratio of 0.57 and a beta of 1.22. The company has a current ratio of 1.29, a quick ratio of 0.72 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average of $119.52 and a 200 day moving average of $122.40.

Adidas (OTCMKTS:ADDYY) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.27 by $0.01. The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.33 billion. Adidas had a return on equity of 17.85% and a net margin of 4.20%. Equities research analysts predict that Adidas AG will post 2.27 EPS for the current fiscal year.

Adidas Increases Dividend

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

Institutional Trading of Adidas

Hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its holdings in Adidas by 7.9% during the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock worth $1,139,000 after purchasing an additional 709 shares in the last quarter. GAMMA Investing LLC increased its holdings in Adidas by 17.8% during the 1st quarter. GAMMA Investing LLC now owns 1,057 shares of the company’s stock worth $125,000 after purchasing an additional 160 shares in the last quarter. Mar Vista Investment Partners LLC increased its holdings in Adidas by 2.6% during the 4th quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company’s stock worth $3,556,000 after purchasing an additional 731 shares in the last quarter. Finally, Madison Investment Advisors LLC bought a new position in Adidas during the 4th quarter worth about $2,437,000.

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.