adidas (OTCMKTS:ADDYY) Stock Rating Upgraded by Stifel Nicolaus

Stifel Nicolaus upgraded shares of adidas (OTCMKTS:ADDYY) from a hold rating to a buy rating in a research report report published on Wednesday morning, Marketbeat Ratings reports.

A number of other equities research analysts also recently commented on ADDYY. Morgan Stanley raised shares of adidas from an underweight rating to an overweight rating in a research report on Monday, April 15th. Royal Bank of Canada upgraded shares of adidas from a sector perform rating to an outperform rating in a report on Monday, February 5th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, adidas presently has a consensus rating of Buy.

adidas Trading Up 1.8 %

Shares of OTCMKTS ADDYY opened at $123.82 on Wednesday. adidas has a 12-month low of $79.58 and a 12-month high of $124.00. 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 company has a 50-day moving average of $108.46 and a 200 day moving average of $100.68.

adidas (OTCMKTS:ADDYY) last posted its earnings results on Wednesday, March 13th. The company reported ($1.27) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.22 billion. On average, sell-side analysts expect that adidas will post 1.82 EPS for the current fiscal year.

adidas Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ADDYY. GAMMA Investing LLC bought a new position in adidas during the 4th quarter valued at $45,000. Mar Vista Investment Partners LLC boosted its position in shares of adidas by 8.0% during 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. Fisher Asset Management LLC boosted its position in shares of adidas by 27.5% during 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. Finally, Capital Square LLC acquired a new position in shares of adidas in the fourth quarter worth about $1,405,000.

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.