Adidas AG (OTCMKTS:ADDYY) Receives Average Recommendation of "Buy" from Brokerages

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Shares of Adidas AG (OTCMKTS:ADDYY - Get Free Report) have earned a consensus rating of "Buy" from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and three have given a strong buy recommendation to the company.

Several brokerages have commented on ADDYY. Piper Sandler began coverage on shares of Adidas in a report on Monday, May 5th. They issued an "overweight" rating for the company. DZ Bank upgraded shares of Adidas from a "hold" rating to a "strong-buy" rating in a report on Friday, May 23rd.

Adidas Trading Up 3.0%

Shares of ADDYY traded up $2.89 during midday trading on Tuesday, hitting $100.67. The stock had a trading volume of 82,779 shares, compared to its average volume of 153,022. Adidas has a fifty-two week low of $94.3301 and a fifty-two week high of $137.7299. The business has a 50-day simple moving average of $110.72 and a two-hundred day simple moving average of $117.78. The firm has a market cap of $35.95 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 0.55 and a beta of 1.18. The company has a current ratio of 1.29, a quick ratio of 0.72 and a debt-to-equity ratio of 0.31.

Adidas (OTCMKTS:ADDYY - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. Adidas had a net margin of 4.93% and a return on equity of 20.68%. The company had revenue of $6.86 billion during the quarter, compared to analysts' expectations of $6.30 billion. As a group, equities analysts forecast that Adidas will post 2.27 EPS for the current year.

Institutional Trading of Adidas

Several institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in shares of Adidas by 13,801.2% during the first quarter. GAMMA Investing LLC now owns 124,694 shares of the company's stock worth $14,710,000 after purchasing an additional 123,797 shares during the period. Mar Vista Investment Partners LLC boosted its holdings in shares of 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 during the period. Rhumbline Advisers boosted its holdings in shares of 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 during the period. Finally, Yousif Capital Management LLC boosted its holdings in shares of 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 during the period.

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.