Shares of ADIDAS AG/S (OTCMKTS:ADDYY) have been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company.
Several research firms recently commented on ADDYY. Telsey Advisory Group restated a “market perform” rating on shares of ADIDAS AG/S in a research report on Thursday, January 24th. Zacks Investment Research upgraded ADIDAS AG/S from a “sell” rating to a “hold” rating in a research report on Tuesday, February 19th. Wells Fargo & Co upgraded ADIDAS AG/S from a “market perform” rating to an “outperform” rating in a research report on Monday, February 25th. ValuEngine cut ADIDAS AG/S from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. Finally, UBS Group restated a “neutral” rating on shares of ADIDAS AG/S in a research report on Friday, February 1st.
Shares of ADIDAS AG/S stock traded up $0.49 on Thursday, reaching $130.29. 62,323 shares of the company were exchanged, compared to its average volume of 37,232. The company has a current ratio of 1.51, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $51.90 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.62 and a beta of 0.91. ADIDAS AG/S has a 1-year low of $101.48 and a 1-year high of $131.48.
ADIDAS AG/S (OTCMKTS:ADDYY) last announced its quarterly earnings results on Wednesday, February 13th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $5.97 billion. ADIDAS AG/S had a return on equity of 26.42% and a net margin of 7.80%. Sell-side analysts predict that ADIDAS AG/S will post 5.37 earnings per share for the current year.
The company also recently declared an annual dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Monday, May 13th will be given a dividend of $1.338 per share. This represents a dividend yield of 1.05%. The ex-dividend date is Friday, May 10th. ADIDAS AG/S’s dividend payout ratio (DPR) is presently 22.63%.
Several hedge funds have recently modified their holdings of ADDYY. Glenmede Trust Co. NA increased its position in shares of ADIDAS AG/S by 631.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 21,181 shares of the company’s stock valued at $2,594,000 after purchasing an additional 18,286 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of ADIDAS AG/S by 117.4% during the 4th quarter. Quadrant Capital Group LLC now owns 4,094 shares of the company’s stock worth $410,000 after acquiring an additional 2,211 shares in the last quarter. NorthCoast Asset Management LLC bought a new stake in shares of ADIDAS AG/S during the 4th quarter worth $2,184,000. PNC Financial Services Group Inc. bought a new stake in shares of ADIDAS AG/S during the 4th quarter worth $181,000. Finally, Hancock Whitney Corp boosted its stake in shares of ADIDAS AG/S by 7.8% during the 4th quarter. Hancock Whitney Corp now owns 2,543 shares of the company’s stock worth $265,000 after acquiring an additional 185 shares in the last quarter. Institutional investors own 0.13% of the company’s stock.
About ADIDAS AG/S
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and hardware, such as bags and balls under the adidas, Reebok, and adidas Golf brands. The company is also involved in Y-3 label business activities; and the operation of Runtastic, a digital health and fitness space.
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