Quadrant Capital Group LLC increased its stake in shares of ADIDAS AG/S (OTCMKTS:ADDYY) by 32.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,418 shares of the company’s stock after acquiring an additional 1,324 shares during the quarter. Quadrant Capital Group LLC’s holdings in ADIDAS AG/S were worth $644,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in ADDYY. Private Capital Group LLC boosted its holdings in shares of ADIDAS AG/S by 182.3% during the 1st quarter. Private Capital Group LLC now owns 1,101 shares of the company’s stock worth $134,000 after buying an additional 711 shares during the period. PNC Financial Services Group Inc. bought a new stake in shares of ADIDAS AG/S during the 4th quarter worth about $181,000. Park National Corp OH bought a new stake in shares of ADIDAS AG/S during the 1st quarter worth about $252,000. Hancock Whitney Corp boosted its holdings 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 buying an additional 185 shares during the period. Finally, NorthCoast Asset Management LLC bought a new stake in shares of ADIDAS AG/S during the 4th quarter worth about $2,184,000. 0.13% of the stock is owned by institutional investors and hedge funds.
OTCMKTS ADDYY opened at $127.97 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.51 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $50.97 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 1.59 and a beta of 0.91. ADIDAS AG/S has a 12-month low of $101.48 and a 12-month high of $130.95.
ADIDAS AG/S (OTCMKTS:ADDYY) last posted its quarterly earnings data on Wednesday, February 13th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.04. The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $5.97 billion. ADIDAS AG/S had a net margin of 7.80% and a return on equity of 26.42%. On average, research analysts forecast that ADIDAS AG/S will post 5.37 EPS for the current fiscal year.
The firm also recently disclosed an annual dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Monday, May 13th will be issued a $1.338 dividend. This represents a yield of 1.05%. The ex-dividend date of this dividend is Friday, May 10th. ADIDAS AG/S’s dividend payout ratio is currently 22.63%.
A number of research firms have issued reports on ADDYY. Morgan Stanley downgraded shares of ADIDAS AG/S from an “equal weight” rating to an “underweight” rating in a report on Thursday, January 24th. Zacks Investment Research downgraded shares of ADIDAS AG/S from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. Wells Fargo & Co raised shares of ADIDAS AG/S from a “market perform” rating to an “outperform” rating in a report on Monday, February 25th. UBS Group reissued a “neutral” rating on shares of ADIDAS AG/S in a report on Friday, February 1st. Finally, Credit Suisse Group downgraded shares of ADIDAS AG/S from an “outperform” rating to a “neutral” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $131.00.
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About ADIDAS AG/S
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. The company operates in 10 segments: Europe, North America Adidas, North America Reebok, Asia-Pacific, Latin America, Emerging Markets, Russia/CIS, Adidas Golf, Runtastic, and Other Centrally Managed Businesses.
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