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

Shares of adidas AG (OTCMKTS:ADDYY) have been assigned an average recommendation of “Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a buy rating.

A number of brokerages have issued reports on ADDYY. Stifel Nicolaus upgraded adidas from a “hold” rating to a “buy” rating in a research report on Wednesday. Royal Bank of Canada upgraded adidas from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 5th. Finally, Morgan Stanley upgraded adidas from an “underweight” rating to an “overweight” rating in a research report on Monday, April 15th.

Institutional Trading of adidas

Several institutional investors have recently modified their holdings of ADDYY. GAMMA Investing LLC purchased a new stake in shares of adidas during the fourth quarter valued at $45,000. Mar Vista Investment Partners LLC lifted its holdings in shares of adidas by 8.0% during the fourth quarter. Mar Vista Investment Partners LLC now owns 27,044 shares of the company’s stock valued at $2,749,000 after purchasing an additional 2,000 shares during the last quarter. Fisher Asset Management LLC lifted its holdings 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 purchasing an additional 2,749 shares during the last quarter. Finally, Capital Square LLC purchased a new stake in shares of adidas during the fourth quarter valued at $1,405,000.

adidas Price Performance

Shares of ADDYY opened at $121.72 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.66 and a current ratio of 1.22. adidas has a 12 month low of $79.58 and a 12 month high of $122.83. The stock has a fifty day moving average price of $107.33 and a 200 day moving average price of $100.29.

adidas (OTCMKTS:ADDYY) last announced its quarterly earnings results on Wednesday, March 13th. The company reported ($1.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.36). adidas had a negative return on equity of 2.21% and a negative net margin of 0.33%. The business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.22 billion. As a group, sell-side analysts anticipate that adidas will post 1.82 EPS for the current fiscal year.

adidas Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 20th will be issued a $0.2394 dividend. The ex-dividend date of this dividend is Friday, May 17th. adidas’s dividend payout ratio (DPR) is -109.09%.

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.