adidas AG (OTCMKTS:ADDYY – Get Free Report) has been assigned an average recommendation of “Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation.
Separately, Royal Bank of Canada upgraded shares of adidas from a “sector perform” rating to an “outperform” rating in a research note on Monday, February 5th.
Check Out Our Latest Stock Analysis on adidas
adidas Stock Performance
adidas (OTCMKTS:ADDYY – Get Free Report) last issued its quarterly earnings results on Wednesday, March 13th. The company reported ($1.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.36). The business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.22 billion. adidas had a negative return on equity of 2.17% and a negative net margin of 0.33%. On average, equities analysts anticipate that adidas will post 1.76 EPS for the current fiscal year.
Institutional Investors Weigh In On adidas
Hedge funds and other institutional investors have recently modified their holdings of the company. Fisher Asset Management LLC boosted 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 during the last quarter. Mar Vista Investment Partners LLC boosted 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 during the last quarter. GAMMA Investing LLC acquired a new position in adidas during the fourth quarter valued at approximately $45,000. Capital Square LLC acquired a new position in adidas during the fourth quarter valued at approximately $1,405,000. Finally, Comerica Bank acquired a new position in adidas during the second quarter valued at approximately $247,000.
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.
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