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

adidas AG (OTCMKTS:ADDYY - Get Free Report) has earned an average recommendation of "Buy" from the ten ratings firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company.

Several research analysts recently issued reports on the company. DZ Bank raised adidas from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 23rd. Baird R W raised adidas from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 21st. Bank of America raised adidas from a "neutral" rating to a "buy" rating in a research report on Thursday, April 24th. Piper Sandler assumed coverage on adidas in a research report on Monday, May 5th. They set an "overweight" rating on the stock. Finally, Hsbc Global Res raised adidas from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th.

Institutional Trading of adidas

Several hedge funds have recently made changes to their positions in ADDYY. GAMMA Investing LLC raised its stake in shares of adidas by 17.8% in the first quarter. GAMMA Investing LLC now owns 1,057 shares of the company's stock valued at $125,000 after buying an additional 160 shares during the period. Rhumbline Advisers raised its stake in shares of 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 buying an additional 709 shares during the period. Madison Investment Advisors LLC bought a new stake in shares of adidas during the 4th quarter valued at $2,437,000. Finally, Mar Vista Investment Partners LLC raised its stake in shares of adidas by 2.6% during 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 during the period.

adidas Stock Up 0.0%

adidas stock traded up $0.04 during mid-day trading on Thursday, reaching $120.50. The stock had a trading volume of 26,573 shares, compared to its average volume of 52,906. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.32. adidas has a fifty-two week low of $99.40 and a fifty-two week high of $137.73. The stock's 50-day simple moving average is $117.89 and its 200-day simple moving average is $122.92. The firm has a market capitalization of $43.03 billion, a PE ratio of 92.69 and a beta of 1.22.

adidas (OTCMKTS:ADDYY - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.01. The firm had revenue of $7 billion during the quarter, compared to analysts' expectations of $6.33 billion. adidas had a return on equity of 7.39% and a net margin of 1.91%. On average, sell-side analysts forecast that adidas will post 2.27 EPS for the current fiscal year.

adidas Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 20th were paid a $0.7565 dividend. The ex-dividend date of this dividend was Monday, May 19th. This is a positive change from adidas's previous dividend of $0.24. This represents a dividend yield of 0.62%. adidas's payout ratio is presently 24.43%.

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.