Adidas (OTCMKTS:ADDYY) Hits New 52-Week Low - Time to Sell?

Key Points

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Adidas AG (OTCMKTS:ADDYY - Get Free Report) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $95.87 and last traded at $96.53, with a volume of 28627 shares traded. The stock had previously closed at $100.84.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports 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 research report on Monday, May 5th. They set an "overweight" rating for the company. DZ Bank upgraded Adidas from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 23rd. Baird R W upgraded Adidas from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. Finally, Berenberg Bank upgraded Adidas to a "hold" rating in a report on Tuesday, April 15th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy".

Adidas Stock Up 0.5%

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.72. The stock has a market cap of $34.64 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. The business has a fifty day moving average of $118.02 and a 200-day moving average of $121.27.

Adidas (OTCMKTS:ADDYY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The company had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.30 billion. Adidas had a net margin of 4.93% and a return on equity of 20.68%. Equities research analysts anticipate that Adidas AG will post 2.27 earnings per share for the current year.

Adidas Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 20th were paid a $0.7565 dividend. This represents a yield of 62.0%. This is a positive change from Adidas's previous dividend of $0.24. The ex-dividend date of this dividend was Monday, May 19th. Adidas's payout ratio is presently 20.44%.

Hedge Funds Weigh In On Adidas

A number of large investors have recently bought and sold shares of ADDYY. GAMMA Investing LLC increased its position in shares of Adidas by 17.8% during the first quarter. GAMMA Investing LLC now owns 1,057 shares of the company's stock worth $125,000 after purchasing an additional 160 shares in the last quarter. Yousif Capital Management LLC increased 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 worth $607,000 after purchasing an additional 450 shares in the last quarter. Rhumbline Advisers increased 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 worth $1,139,000 after purchasing an additional 709 shares in the last quarter. Finally, Mar Vista Investment Partners LLC increased its position 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 worth $3,556,000 after purchasing an additional 731 shares in the last quarter.

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.