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

Shares of adidas AG (OTCMKTS:ADDYY) have been assigned an average rating of “Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation.

Several equities research analysts have recently issued reports on ADDYY shares. Stifel Nicolaus upgraded shares of adidas from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Morgan Stanley upgraded adidas from an “underweight” rating to an “overweight” rating in a research report on Monday, April 15th.

adidas Stock Up 1.8 %

Shares of ADDYY stock opened at $117.89 on Thursday. adidas has a 12 month low of $81.88 and a 12 month high of $127.98. 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 simple moving average of $121.55 and a two-hundred day simple moving average of $109.02.

adidas (OTCMKTS:ADDYY) last released its earnings results on Tuesday, April 30th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.17). The firm had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $5.81 billion. adidas had a return on equity of 1.69% and a net margin of 0.64%. On average, analysts expect that adidas will post 1.68 EPS for the current fiscal year.

adidas Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, May 29th. Shareholders of record on Monday, May 20th were issued a $0.2394 dividend. The ex-dividend date of this dividend was Friday, May 17th. adidas’s dividend payout ratio is 57.14%.

Institutional Investors Weigh In On adidas

A number of hedge funds and other institutional investors have recently bought and sold shares of ADDYY. GAMMA Investing LLC acquired a new position in adidas during the fourth quarter valued at $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 valued at $1,296,000 after buying an additional 2,749 shares during the last quarter. Capital Square LLC acquired a new position in shares of adidas in the 4th quarter valued at 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 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.