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

Shares of Adidas AG (OTCMKTS:ADDYY - Get Free Report) have been assigned an average recommendation of "Buy" from the ten ratings firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and three have issued a strong buy recommendation on the company.

Several equities analysts have recently weighed in on the company. Hsbc Global Res upgraded Adidas from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Piper Sandler assumed coverage on Adidas in a report on Monday, May 5th. They issued an "overweight" rating on the stock. Bank of America raised shares of Adidas from a "neutral" rating to a "buy" rating in a report on Thursday, April 24th. Berenberg Bank raised shares of Adidas to a "hold" rating in a research note on Tuesday, April 15th. Finally, Baird R W raised shares of Adidas from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 21st.

Adidas Stock Performance

Shares of ADDYY stock opened at $116.83 on Monday. Adidas has a 52-week low of $99.40 and a 52-week high of $137.73. The company has a quick ratio of 0.72, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The stock has a market cap of $41.72 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 0.57 and a beta of 1.22. The business has a 50-day simple moving average of $119.52 and a 200-day simple moving average of $122.36.

Adidas (OTCMKTS:ADDYY - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.27 by $0.01. The company had revenue of $7 billion for the quarter, compared to analyst estimates of $6.33 billion. Adidas had a net margin of 4.20% and a return on equity of 17.85%. On average, equities analysts expect that Adidas will post 2.27 EPS for the current year.

Adidas Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.7565 per share. This represents a dividend yield of 0.62%. The ex-dividend date of this dividend was Monday, May 19th. This is a boost from Adidas's previous dividend of $0.24. Adidas's dividend payout ratio is currently 24.76%.

Institutional Trading of Adidas

Several hedge funds have recently modified their holdings of ADDYY. Rhumbline Advisers raised its holdings in Adidas by 7.9% in the first quarter. Rhumbline Advisers now owns 9,655 shares of the company's stock valued at $1,139,000 after acquiring an additional 709 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Adidas by 17.8% in the 1st quarter. GAMMA Investing LLC now owns 1,057 shares of the company's stock valued at $125,000 after purchasing an additional 160 shares in the last quarter. Mar Vista Investment Partners LLC raised its holdings 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 valued at $3,556,000 after purchasing an additional 731 shares in the last quarter. Finally, Madison Investment Advisors LLC purchased a new stake in shares of Adidas during the 4th quarter worth $2,437,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.