adidas AG Declares Dividend of $0.24 (OTCMKTS:ADDYY)

adidas AG (OTCMKTS:ADDYY) announced a dividend on Wednesday, April 17th, NASDAQ reports. Investors of record on Monday, May 20th will be given a dividend of 0.2394 per share on Wednesday, May 29th. The ex-dividend date of this dividend is Friday, May 17th.

adidas Stock Performance

Shares of ADDYY stock opened at $119.73 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.22 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $105.09 and a two-hundred day moving average price of $99.18. adidas has a 12-month low of $79.58 and a 12-month high of $120.75.

adidas (OTCMKTS:ADDYY) last issued its quarterly earnings results on Wednesday, March 13th. The company reported ($1.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.36). adidas had a negative return on equity of 2.21% and a negative net margin of 0.33%. The firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.22 billion. Research analysts predict that adidas will post 1.71 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in shares of adidas by 111.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,283 shares of the company’s stock worth $151,000 after purchasing an additional 675 shares in the last quarter. Comerica Bank bought a new stake in shares of adidas in the 2nd quarter worth approximately $247,000. Rhumbline Advisers bought a new stake in shares of adidas in the 2nd quarter worth approximately $809,000. Finally, Mar Vista Investment Partners LLC boosted its position in shares of adidas by 12.6% in the 1st quarter. Mar Vista Investment Partners LLC now owns 35,590 shares of the company’s stock worth $4,196,000 after purchasing an additional 3,993 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ADDYY shares. Royal Bank of Canada upgraded adidas from a “sector perform” rating to an “outperform” rating in a report on Monday, February 5th. Morgan Stanley upgraded adidas from an “underweight” rating to an “overweight” rating in a report on Monday. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

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.