Analysts Set Adidas AG (OTCMKTS:ADDYY) Target Price at $146.02

Adidas AG (OTCMKTS:ADDYY) has been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $146.02.

Several analysts recently issued reports on the company. UBS Group downgraded Adidas from a “buy” rating to a “neutral” rating in a research note on Tuesday. Royal Bank Of Canada upgraded Adidas from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, June 10th. Telsey Advisory Group reissued an “outperform” rating on shares of Adidas in a report on Friday, July 31st. Zacks Research raised shares of Adidas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adidas in a research note on Tuesday, June 30th.

Adidas Trading Up 0.9%

Shares of ADDYY stock opened at $94.95 on Tuesday. Adidas has a 12-month low of $75.19 and a 12-month high of $118.00. The company has a market capitalization of $33.93 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 1.28 and a beta of 1.26. The firm has a 50 day moving average price of $100.20 and a two-hundred day moving average price of $90.71. The company has a quick ratio of 0.71, a current ratio of 1.35 and a debt-to-equity ratio of 0.31.

Adidas (OTCMKTS:ADDYY) last posted its earnings results on Thursday, July 30th. The company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.16). The firm had revenue of $7.76 billion during the quarter, compared to analyst estimates of $7.55 billion. Adidas had a net margin of 5.30% and a return on equity of 22.53%. As a group, analysts predict that Adidas will post 5.35 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Adidas stock. Madison Asset Management LLC lifted its position in shares of Adidas AG (OTCMKTS:ADDYY) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,543 shares of the company’s stock after acquiring an additional 2,101 shares during the period. Madison Asset Management LLC’s holdings in Adidas were worth $2,228,000 as of its most recent filing with the Securities and Exchange Commission.

Adidas Company Profile

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.