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

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

ADDYY has been the subject of several analyst reports. Baird R W raised shares of Adidas from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 21st. Piper Sandler started coverage on Adidas in a report on Monday, May 5th. They set an "overweight" rating for the company. Hsbc Global Res raised Adidas from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Bank of America raised Adidas from a "neutral" rating to a "buy" rating in a report on Thursday, April 24th. Finally, Berenberg Bank raised Adidas to a "hold" rating in a report on Tuesday, April 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Adidas by 13,801.2% during the 1st quarter. GAMMA Investing LLC now owns 124,694 shares of the company's stock valued at $14,710,000 after buying an additional 123,797 shares in the last quarter. Mar Vista Investment Partners LLC increased its stake in shares of Adidas by 2.6% during the fourth quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company's stock valued at $3,556,000 after buying an additional 731 shares during the period. Rhumbline Advisers boosted its position in shares of Adidas by 7.9% during the first quarter. Rhumbline Advisers now owns 9,655 shares of the company's stock valued at $1,139,000 after purchasing an additional 709 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its position in shares of Adidas by 9.4% during the second quarter. Yousif Capital Management LLC now owns 5,221 shares of the company's stock valued at $607,000 after purchasing an additional 450 shares in the last quarter.

Adidas Trading Up 0.9%

Shares of OTCMKTS:ADDYY traded up $0.99 during mid-day trading on Friday, reaching $116.96. The stock had a trading volume of 50,305 shares, compared to its average volume of 61,382. The firm has a market cap of $41.77 billion, a PE ratio of 38.10, a price-to-earnings-growth ratio of 0.56 and a beta of 1.19. The firm has a 50 day simple moving average of $119.93 and a two-hundred day simple moving average of $122.02. 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 has a twelve month low of $99.40 and a twelve month high of $137.73.

Adidas (OTCMKTS:ADDYY - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.01. Adidas had a return on equity of 17.85% and a net margin of 4.20%. The business had revenue of $7 billion during the quarter, compared to analysts' expectations of $6.33 billion. On average, research analysts predict that Adidas will post 2.27 EPS for the current fiscal year.

Adidas Increases Dividend

The firm also recently announced 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. 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 dividend payout ratio (DPR) is currently 24.76%.

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.