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

Shares of Adidas AG (OTCMKTS:ADDYY) have been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $146.02.

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

Adidas Trading Up 0.5%

ADDYY opened at $93.99 on Friday. The business has a fifty day moving average price of $94.71 and a 200 day moving average price of $102.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.31 and a quick ratio of 0.71. Adidas has a 12 month low of $86.28 and a 12 month high of $137.73. The stock has a market capitalization of $33.56 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 0.42 and a beta of 1.20.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in Adidas by 30.1% in the second quarter. GAMMA Investing LLC now owns 1,375 shares of the company’s stock valued at $161,000 after purchasing an additional 318 shares during the last quarter. Yousif Capital Management LLC raised its stake in shares of Adidas by 9.4% during the 2nd quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock worth $607,000 after buying an additional 450 shares during the last quarter. Rhumbline Advisers boosted its position in shares of 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 in the last quarter. Madison Asset Management LLC boosted its position in shares of Adidas by 11.5% in the 3rd quarter. Madison Asset Management LLC now owns 20,442 shares of the company’s stock worth $2,166,000 after buying an additional 2,110 shares in the last quarter. Finally, Mar Vista Investment Partners LLC grew its stake in Adidas by 4.0% in the 2nd quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock valued at $3,550,000 after acquiring an additional 1,180 shares during the last quarter.

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.