Shares of Adidas AG (OTCMKTS:ADDYY - Get Free Report) saw an uptick in trading volume on Monday . 301,124 shares traded hands during trading, an increase of 401% from the previous session's volume of 60,157 shares.The stock last traded at $96.65 and had previously closed at $96.49.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on ADDYY shares. Baird R W raised shares of Adidas from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 21st. DZ Bank upgraded shares of Adidas from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 23rd. Berenberg Bank upgraded shares of Adidas to a "hold" rating in a research note on Tuesday, April 15th. Hsbc Global Res upgraded shares of Adidas from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, Bank of America raised shares of Adidas from a "neutral" rating to a "buy" rating in a report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy".
Read Our Latest Analysis on ADDYY
Adidas Price Performance
The firm's fifty day moving average price is $116.95 and its 200 day moving average price is $120.90. The firm has a market capitalization of $33.91 billion, a PE ratio of 25.88, a P/E/G ratio of 0.53 and a beta of 1.18. 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 Wednesday, July 30th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. Adidas had a net margin of 4.93% and a return on equity of 20.68%. The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.30 billion. As a group, equities analysts forecast 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 given a $0.7565 dividend. The ex-dividend date was Monday, May 19th. This represents a dividend yield of 62.0%. This is a boost from Adidas's previous dividend of $0.24. Adidas's payout ratio is presently 20.71%.
Hedge Funds Weigh In On Adidas
Several institutional investors and hedge funds have recently made changes to their positions in ADDYY. GAMMA Investing LLC lifted its holdings in shares of Adidas by 17.8% during the 1st 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 last quarter. Rhumbline Advisers boosted its position in 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 during the last quarter. Mar Vista Investment Partners LLC raised its stake in Adidas by 2.6% in 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. Finally, Yousif Capital Management LLC increased its stake 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 during the period.
About Adidas
(
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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.
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