adidas AG (OTCMKTS:ADDYY) Given Consensus Recommendation of “Buy” by Analysts

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

ADDYY has been the subject of several research reports. 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, April 15th. Finally, Stifel Nicolaus upgraded adidas from a “hold” rating to a “buy” rating in a report on Wednesday.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new position in adidas during the 4th quarter valued at about $45,000. Fisher Asset Management LLC increased its holdings in shares of adidas by 27.5% in the fourth 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 during the period. Capital Square LLC purchased a new stake in shares of adidas in the fourth quarter worth about $1,405,000. Finally, Mar Vista Investment Partners LLC boosted its stake in shares of adidas by 8.0% in the fourth quarter. Mar Vista Investment Partners LLC now owns 27,044 shares of the company’s stock worth $2,749,000 after buying an additional 2,000 shares during the last quarter.

adidas Trading Up 1.8 %

ADDYY opened at $123.82 on Friday. The business has a fifty day moving average of $108.46 and a 200 day moving average of $100.68. adidas has a 52-week low of $79.58 and a 52-week high of $124.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.66 and a current ratio of 1.22.

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

adidas Cuts Dividend

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

About adidas

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.