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

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

A number of brokerages have weighed in on ADDYY. DZ Bank raised shares of Adidas from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 23rd. Bank of America raised shares of Adidas from a "neutral" rating to a "buy" rating in a research note on Thursday, April 24th. Berenberg Bank raised shares of Adidas to a "hold" rating in a research note on Tuesday, April 15th. Hsbc Global Res raised shares of Adidas from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, Piper Sandler began coverage on shares of Adidas in a research note on Monday, May 5th. They issued an "overweight" rating for the company.

Institutional Investors Weigh In On Adidas

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC grew its position in shares of Adidas by 17.8% during 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 during the period. Yousif Capital Management LLC grew its position in shares of Adidas by 9.4% during 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 during the period. Rhumbline Advisers grew its position in shares of Adidas by 7.9% during 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 during the period. Finally, Mar Vista Investment Partners LLC grew its position 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 worth $3,556,000 after buying an additional 731 shares during the period.

Adidas Price Performance

ADDYY stock traded down $2.60 during trading on Friday, hitting $114.36. 12,602 shares of the stock traded hands, compared to its average volume of 52,649. Adidas has a one year low of $99.40 and a one year high of $137.73. The stock has a market cap of $40.84 billion, a price-to-earnings ratio of 37.25, a P/E/G ratio of 0.56 and a beta of 1.19. The company has a 50 day simple moving average of $119.93 and a 200 day simple moving average of $121.96. 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 quarterly earnings results on Tuesday, April 29th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.01. Adidas had a net margin of 4.20% and a return on equity of 17.85%. The firm had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.33 billion. Equities analysts expect that Adidas will post 2.27 EPS for the current fiscal 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 is a boost from Adidas's previous dividend of $0.24. The ex-dividend date was Monday, May 19th. This represents a dividend yield of 0.62%. Adidas's payout ratio is currently 24.76%.

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.