adidas AG (OTCMKTS:ADDYY – Get Free Report) has earned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation.
Separately, Royal Bank of Canada raised adidas from a “sector perform” rating to an “outperform” rating in a report on Monday, February 5th.
Read Our Latest Research Report on adidas
adidas Price Performance
adidas (OTCMKTS:ADDYY – Get Free Report) last issued 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). The company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.22 billion. adidas had a negative net margin of 0.33% and a negative return on equity of 2.17%. As a group, research analysts forecast that adidas will post 1.76 EPS for the current year.
Institutional Trading of adidas
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in shares of adidas during the 4th quarter worth about $45,000. PNC Financial Services Group Inc. grew its position in shares of adidas by 111.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,283 shares of the company’s stock worth $151,000 after buying an additional 675 shares during the period. Comerica Bank acquired a new position in shares of adidas during the 2nd quarter worth about $247,000. Rhumbline Advisers acquired a new position in shares of adidas during the 2nd quarter worth about $809,000. Finally, Fisher Asset Management LLC grew 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 worth $1,296,000 after buying an additional 2,749 shares during the period.
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.
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