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

Shares of adidas AG (OTCMKTS:ADDYY) have received a consensus rating of “Buy” from the seven research firms that are covering the company, MarketBeat reports. Seven research analysts have rated the stock with a buy rating.

ADDYY has been the subject of a number of research reports. Morgan Stanley upgraded adidas from an “underweight” rating to an “overweight” rating in a research report on Monday, April 15th. Royal Bank of Canada raised shares of adidas from a “sector perform” rating to an “outperform” rating in a research note on Monday, February 5th.

Institutional Trading of adidas

Several hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in shares of adidas in the fourth quarter worth $45,000. Fisher Asset Management LLC boosted its stake 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 last quarter. Capital Square LLC bought a new position in shares of adidas in the 4th quarter valued at about $1,405,000. Finally, Mar Vista Investment Partners LLC increased its position 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 valued at $2,749,000 after acquiring an additional 2,000 shares during the last quarter.

adidas Price Performance

Shares of ADDYY opened at $119.66 on Friday. adidas has a one year low of $79.58 and a one year high of $120.75. The business’s 50 day simple moving average is $106.14 and its 200-day simple moving average is $99.87. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 0.66.

adidas (OTCMKTS:ADDYY) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $5.22 billion. As a group, equities analysts anticipate 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 issued a $0.2394 dividend. The ex-dividend date of this dividend is Friday, May 17th. adidas’s dividend payout ratio (DPR) is presently -109.09%.

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.