Adidas AG (OTCMKTS:ADDYY) Given Average Rating of "Buy" by Analysts

Key Points

• Adidas AG has received an average analysts' rating of "Buy", with four recommendations for buy and three for strong buy among the nine analysts covering the company.
• The company's recent earnings report showed a beat on consensus estimates, with $1.15 earnings per share and revenue of $6.86 billion for the quarter, exceeding the expected $6.30 billion.
• Adidas stock is currently trading at $108.89, marking a 1.2% decline recently, despite a market capitalization of approximately $38.88 billion.

Shares of Adidas AG (OTCMKTS:ADDYY - Get Free Report) have been given an average rating of "Buy" by the nine analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and three have issued a strong buy recommendation on the company.

Separately, Jefferies Financial Group upgraded Adidas from a "hold" rating to a "buy" rating in a research report on Wednesday, September 3rd.

Adidas Stock Down 1.2%

Adidas stock opened at $108.89 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.72. Adidas has a 1-year low of $94.33 and a 1-year high of $137.73. The company has a market cap of $38.88 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 0.59 and a beta of 1.22. The stock's 50 day moving average price is $101.85 and its 200 day moving average price is $112.51.

Adidas (OTCMKTS:ADDYY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. Adidas had a return on equity of 20.68% and a net margin of 4.93%.The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.30 billion. On average, sell-side analysts predict that Adidas will post 2.27 EPS for the current fiscal year.

Institutional Trading of Adidas

A number of institutional investors have recently bought and sold shares of the company. Mar Vista Investment Partners LLC boosted its position in Adidas by 4.0% during the second 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. Yousif Capital Management LLC boosted its position in Adidas by 9.4% during the second 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. GAMMA Investing LLC boosted its position in Adidas by 30.1% during the second quarter. GAMMA Investing LLC now owns 1,375 shares of the company's stock worth $161,000 after purchasing an additional 318 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Adidas by 7.9% during the first 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.

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.

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