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

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

Several equities analysts recently commented on ADDYY shares. Royal Bank of Canada raised shares of adidas from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 5th. Stifel Nicolaus raised shares of adidas from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley raised shares of adidas from an “underweight” rating to an “overweight” rating in a research report on Monday, April 15th.

adidas Stock Down 0.5 %

ADDYY stock opened at $121.72 on Friday. The firm has a 50-day simple moving average of $107.33 and a two-hundred day simple moving average of $100.29. adidas has a one year low of $79.58 and a one year high of $122.83. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 0.66.

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

adidas Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 29th. Investors of record on Monday, May 20th will be paid a $0.2394 dividend. The ex-dividend date of this dividend is Friday, May 17th. adidas’s dividend payout ratio is currently -109.09%.

Institutional Investors Weigh In On adidas

A number of institutional investors have recently added to or reduced their stakes in ADDYY. Capital Square LLC acquired a new stake in adidas in the 4th quarter valued at $1,405,000. Fisher Asset Management LLC lifted its holdings in adidas by 27.5% in the 4th 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 in the last quarter. Mar Vista Investment Partners LLC lifted its holdings in adidas by 8.0% in the 4th 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 in the last quarter. Finally, GAMMA Investing LLC purchased a new position in adidas in the 4th quarter valued at $45,000.

adidas Company Profile

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.