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

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

Several research analysts have commented on the stock. Morgan Stanley raised shares of adidas from an “underweight” rating to an “overweight” rating in a 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 Investors Weigh In On adidas

A number of institutional investors have recently made changes to their positions in ADDYY. Capital Square LLC purchased a new position in adidas in the 4th quarter worth approximately $1,405,000. Fisher Asset Management LLC boosted its stake in shares of adidas by 27.5% during the fourth quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock valued at $1,296,000 after purchasing an additional 2,749 shares during the period. Mar Vista Investment Partners LLC grew its holdings 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 purchasing an additional 2,000 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of adidas in the fourth quarter worth $45,000.

adidas Stock Up 0.2 %

ADDYY opened at $119.66 on Friday. The company has a 50 day moving average of $106.14 and a 200 day moving average of $99.87. adidas has a 12 month low of $79.58 and a 12 month high of $120.75. The company has a quick ratio of 0.66, a current ratio of 1.22 and a debt-to-equity ratio of 0.49.

adidas (OTCMKTS:ADDYY) last issued its quarterly earnings data 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 return on equity of 2.21% and a negative net margin of 0.33%. The company had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Equities analysts expect that adidas will post 1.82 EPS for the current fiscal year.

adidas Cuts Dividend

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