Adidas AG (OTCMKTS:ADDYY) Receives Consensus Rating of “Moderate Buy” from Analysts

Adidas AG (OTCMKTS:ADDYY) has received an average rating of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $146.02.

A number of research analysts have weighed in on ADDYY shares. Sanford C. Bernstein reissued an “outperform” rating and issued a $146.02 target price on shares of Adidas in a research note on Tuesday, January 6th. Bank of America reiterated an “underperform” rating on shares of Adidas in a research report on Tuesday, January 6th. BTIG Research assumed coverage on Adidas in a report on Tuesday, October 14th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adidas in a research note on Wednesday, December 10th. Finally, Santander assumed coverage on Adidas in a report on Thursday. They set an “outperform” rating on the stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its position in Adidas by 30.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,375 shares of the company’s stock valued at $161,000 after acquiring an additional 318 shares in the last quarter. Yousif Capital Management LLC boosted its stake in shares of Adidas by 9.4% in the second quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock valued at $607,000 after purchasing an additional 450 shares during the period. Rhumbline Advisers boosted its stake in shares of Adidas by 7.9% in the first quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock valued at $1,139,000 after purchasing an additional 709 shares during the period. Madison Asset Management LLC grew its holdings in shares of Adidas by 11.5% in the third quarter. Madison Asset Management LLC now owns 20,442 shares of the company’s stock valued at $2,166,000 after purchasing an additional 2,110 shares in the last quarter. Finally, Mar Vista Investment Partners LLC increased its stake in Adidas by 4.0% during the 2nd quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock worth $3,550,000 after buying an additional 1,180 shares during the period.

Adidas Price Performance

Shares of OTCMKTS ADDYY opened at $93.99 on Friday. Adidas has a 52 week low of $86.28 and a 52 week high of $137.73. The business’s 50 day moving average price is $94.71 and its 200 day moving average price is $102.65. The company has a quick ratio of 0.71, a current ratio of 1.31 and a debt-to-equity ratio of 0.31. The firm has a market cap of $33.56 billion, a P/E ratio of 24.60, a P/E/G ratio of 0.42 and a beta of 1.20.

Adidas (OTCMKTS:ADDYY) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.07). Adidas had a net margin of 5.00% and a return on equity of 20.72%. The company had revenue of $7.73 billion during the quarter, compared to analyst estimates of $6.22 billion. On average, sell-side analysts expect that Adidas will post 2.27 earnings per share for the current year.

About Adidas

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.