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

Key Points

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Shares of Adidas AG (OTCMKTS:ADDYY - Get Free Report) have received an average recommendation of "Buy" from the nine analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and three have assigned a strong buy recommendation to the company.

ADDYY has been the topic of several analyst reports. DZ Bank upgraded Adidas from a "hold" rating to a "strong-buy" rating in a report on Friday, May 23rd. Piper Sandler initiated coverage on Adidas in a report on Monday, May 5th. They set an "overweight" rating on the stock. Baird R W upgraded Adidas from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. Finally, Bank of America upgraded Adidas from a "neutral" rating to a "buy" rating in a research report on Thursday, April 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ADDYY. GAMMA Investing LLC raised its stake in shares of Adidas by 17.8% in the 1st quarter. GAMMA Investing LLC now owns 1,057 shares of the company's stock worth $125,000 after buying an additional 160 shares in the last quarter. Yousif Capital Management LLC raised its stake in shares of Adidas by 9.4% in the 2nd quarter. Yousif Capital Management LLC now owns 5,221 shares of the company's stock worth $607,000 after buying an additional 450 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Adidas by 7.9% in the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company's stock worth $1,139,000 after buying an additional 709 shares in the last quarter. Finally, Mar Vista Investment Partners LLC raised its stake in shares of Adidas by 2.6% in the 4th quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company's stock worth $3,556,000 after buying an additional 731 shares in the last quarter.

Adidas Stock Performance

Shares of OTCMKTS:ADDYY opened at $97.50 on Tuesday. The company has a market cap of $34.82 billion, a P/E ratio of 26.57, a PEG ratio of 0.53 and a beta of 1.18. 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 one year low of $94.33 and a one year high of $137.73. The business's 50-day simple moving average is $112.31 and its 200 day simple moving average is $118.59.

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

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.

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