adidas AG (OTCMKTS:ADDYY) Receives Consensus Rating of “Buy” from Analysts

adidas AG (OTCMKTS:ADDYY) has been given an average recommendation of “Buy” by the six analysts that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation.

Several brokerages have commented on ADDYY. Stifel Nicolaus upgraded 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 research report on Monday, April 15th.

adidas Price Performance

OTCMKTS:ADDYY opened at $117.89 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.66 and a current ratio of 1.22. The firm has a 50-day moving average price of $121.55 and a two-hundred day moving average price of $109.02. adidas has a twelve month low of $81.88 and a twelve month high of $127.98.

adidas (OTCMKTS:ADDYY) last released its quarterly 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 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%. Analysts expect that adidas will post 1.68 earnings per share 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 issued a dividend of $0.2394 per share. The ex-dividend date was Friday, May 17th. adidas’s dividend payout ratio (DPR) is 57.14%.

Institutional Trading of adidas

A number of hedge funds and other institutional investors have recently modified their holdings of ADDYY. Capital Square LLC purchased a new position in adidas in the 4th quarter worth about $1,405,000. Fisher Asset Management LLC increased its position in shares of adidas by 27.5% in the fourth quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock worth $1,296,000 after acquiring an additional 2,749 shares in the last quarter. 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 worth $2,749,000 after acquiring an additional 2,000 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of adidas during the fourth quarter valued at approximately $45,000.

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.