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

Shares of Adidas AG (OTCMKTS:ADDYY) have been given an average rating of “Buy” by the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and three have issued a strong buy recommendation on the company.

A number of research firms recently commented on ADDYY. Jefferies Financial Group upgraded shares of Adidas from a “hold” rating to a “buy” rating in a research report on Wednesday, September 3rd. DZ Bank upgraded shares of Adidas from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 23rd.

Adidas Stock Performance

Shares of Adidas stock opened at $103.77 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.72 and a current ratio of 1.29. Adidas has a 52 week low of $94.33 and a 52 week high of $137.73. The firm has a fifty day moving average of $106.06 and a two-hundred day moving average of $114.62. The stock has a market capitalization of $37.06 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 0.57 and a beta of 1.16.

Adidas (OTCMKTS:ADDYY) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. Adidas had a net margin of 4.93% and a return on equity of 20.68%. The business had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.30 billion. As a group, equities research analysts predict that Adidas will post 2.27 EPS for the current year.

Institutional Trading of Adidas

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Adidas by 17.8% during the 1st quarter. GAMMA Investing LLC now owns 1,057 shares of the company’s stock worth $125,000 after purchasing an additional 160 shares in the last quarter. Yousif Capital Management LLC increased its holdings in Adidas by 9.4% during the 2nd quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock worth $607,000 after purchasing an additional 450 shares in the last quarter. Rhumbline Advisers increased its holdings in Adidas by 7.9% during the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock worth $1,139,000 after purchasing an additional 709 shares in the last quarter. Finally, Mar Vista Investment Partners LLC increased its holdings in Adidas by 4.0% during the 2nd quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock worth $3,550,000 after purchasing an additional 1,180 shares in 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.