Adidas AG (OTCMKTS:ADDYY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Adidas AG (OTCMKTS:ADDYY) has been given an average rating of “Moderate Buy” by the fourteen research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, six have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $146.02.

Several brokerages recently issued reports on ADDYY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adidas in a research note on Wednesday, December 10th. Bank of America restated an “underperform” rating on shares of Adidas in a report on Tuesday, January 6th. Citigroup restated a “buy” rating on shares of Adidas in a research report on Tuesday, February 3rd. Zacks Research cut Adidas from a “hold” rating to a “strong sell” rating in a report on Friday, March 6th. Finally, Royal Bank Of Canada downgraded Adidas from an “outperform” rating to a “sector perform” rating in a research report on Friday, January 23rd.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Adidas stock. Madison Asset Management LLC lifted its stake in shares of Adidas AG (OTCMKTS:ADDYY) by 11.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,442 shares of the company’s stock after acquiring an additional 2,110 shares during the period. Madison Asset Management LLC’s holdings in Adidas were worth $2,166,000 as of its most recent filing with the Securities & Exchange Commission.

Adidas Trading Up 5.6%

Shares of ADDYY opened at $80.19 on Wednesday. Adidas has a 52-week low of $75.19 and a 52-week high of $126.59. The stock has a market cap of $28.65 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.09 and a beta of 1.15. The firm’s fifty day moving average is $86.20 and its two-hundred day moving average is $94.78. The company has a quick ratio of 0.71, a current ratio of 1.31 and a debt-to-equity ratio of 0.31.

Adidas (OTCMKTS:ADDYY) last issued its earnings results on Wednesday, March 4th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The business had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.15 billion. Adidas had a net margin of 5.36% and a return on equity of 22.58%. Research analysts forecast that Adidas will post 2.27 earnings per share for the current fiscal 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.