adidas AG (OTCMKTS:ADDYY) Receives Average Recommendation of “Buy” from Brokerages

adidas AG (OTCMKTS:ADDYY) has earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a buy rating.

Several research firms recently weighed in on ADDYY. Stifel Nicolaus raised shares of adidas from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Morgan Stanley raised shares of adidas from an “underweight” rating to an “overweight” rating in a report on Monday, April 15th.

adidas Trading Down 1.4 %

Shares of OTCMKTS:ADDYY opened at $120.36 on Friday. The company has a 50 day moving average of $120.41 and a 200-day moving average of $107.96. adidas has a one year low of $81.88 and a one year high of $127.98. The company has a current ratio of 1.22, a quick ratio of 0.66 and a debt-to-equity ratio of 0.49.

adidas (OTCMKTS:ADDYY) last released its earnings results on Tuesday, April 30th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.17). The business had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.81 billion. adidas had a return on equity of 1.69% and a net margin of 0.64%. On average, sell-side analysts anticipate that adidas will post 1.66 EPS for the current fiscal year.

adidas Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, May 29th. Stockholders of record on Monday, May 20th were paid a dividend of $0.2394 per share. The ex-dividend date of this dividend was Friday, May 17th. adidas’s dividend payout ratio is currently 57.14%.

Institutional Investors Weigh In On adidas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADDYY. GAMMA Investing LLC acquired a new stake in shares of adidas in the fourth quarter valued at about $45,000. Fisher Asset Management LLC raised 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 purchasing an additional 2,749 shares in the last quarter. Capital Square LLC bought a new stake in shares of adidas during the 4th quarter worth approximately $1,405,000. Finally, Mar Vista Investment Partners LLC boosted its holdings in shares of adidas by 8.0% in the 4th quarter. Mar Vista Investment Partners LLC now owns 27,044 shares of the company’s stock valued at $2,749,000 after buying an additional 2,000 shares during the last quarter.

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.