Adidas AG (OTCMKTS:ADDYY) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts rate Adidas a "Moderate Buy" — 14 firms cover the stock (2 sell, 3 hold, 6 buy, 3 strong buy) with an average 1‑year price target of $146.02.
• In its most recent quarter Adidas slightly missed EPS expectations ($0.25 vs. $0.26) but delivered revenue of $7.03 billion versus estimates of $6.15 billion, with a net margin of 5.36% and ROE of 22.58%.
• Shares trade near $80.19 (12‑month range $75.19–$126.59) with a market cap of $28.65 billion, and Madison Asset Management recently increased its stake by 11.5% to 20,442 shares (~$2.17M).

Shares of Adidas AG (OTCMKTS:ADDYY - Get Free Report) have earned an average rating of "Moderate Buy" from the fourteen research firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, six have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $146.02.

ADDYY has been the subject of a number of research analyst reports. Santander began coverage on shares of Adidas in a research report on Thursday, January 15th. They set an "outperform" rating for the company. Zacks Research cut shares of Adidas from a "hold" rating to a "strong sell" rating in a research note on Friday, March 6th. Sanford C. Bernstein restated an "outperform" rating and set a $146.02 price target on shares of Adidas in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Adidas in a research note on Wednesday, December 10th. Finally, Bank of America reiterated an "underperform" rating on shares of Adidas in a report on Tuesday, January 6th.

Institutional Trading of Adidas

A hedge fund recently raised its stake in Adidas stock. Madison Asset Management LLC increased its position in shares of Adidas AG (OTCMKTS:ADDYY - Free Report) by 11.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,442 shares of the company's stock after purchasing an additional 2,110 shares during the quarter. Madison Asset Management LLC's holdings in Adidas were worth $2,166,000 as of its most recent filing with the SEC.

Adidas Stock Up 5.6%

Adidas stock opened at $80.19 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.31 and a quick ratio of 0.71. The stock has a market capitalization of $28.65 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.09 and a beta of 1.15. The business has a 50 day simple moving average of $86.20 and a 200-day simple moving average of $94.78. Adidas has a 12 month low of $75.19 and a 12 month high of $126.59.

Adidas (OTCMKTS:ADDYY - Get Free Report) last announced its earnings results on Wednesday, March 4th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). Adidas had a net margin of 5.36% and a return on equity of 22.58%. The business had revenue of $7.03 billion for the quarter, compared to analysts' expectations of $6.15 billion. On average, analysts anticipate that Adidas will post 2.27 EPS for the current fiscal year.

Adidas Company Profile

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf "Adi" Dassler in 1949, the company has grown into one of the world's leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas's product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.

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