Adidas (OTCMKTS:ADDYY) Shares Gap Up - What's Next?

Adidas AG (OTCMKTS:ADDYY - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $112.85, but opened at $117.38. Adidas shares last traded at $116.87, with a volume of 3,144 shares traded.

Analyst Upgrades and Downgrades

ADDYY has been the topic of a number of recent research reports. Baird R W raised Adidas from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 21st. Piper Sandler began coverage on shares of Adidas in a report on Monday, May 5th. They issued an "overweight" rating on the stock. Berenberg Bank upgraded shares of Adidas to a "hold" rating in a report on Tuesday, April 15th. Bank of America raised shares of Adidas from a "neutral" rating to a "buy" rating in a research note on Thursday, April 24th. Finally, Hsbc Global Res upgraded Adidas from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy".

Adidas Trading Up 3.9%

The company has a market capitalization of $41.86 billion, a PE ratio of 38.19, a P/E/G ratio of 0.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.72 and a current ratio of 1.29. The business has a fifty day moving average price of $119.44 and a 200 day moving average price of $122.46.

Adidas (OTCMKTS:ADDYY - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.28 earnings per share 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 business had revenue of $7 billion for the quarter, compared to analyst estimates of $6.33 billion. Analysts expect that Adidas AG will post 2.27 EPS for the current fiscal year.

Adidas Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 20th were issued a dividend of $0.7565 per share. This is an increase from Adidas's previous dividend of $0.24. This represents a dividend yield of 0.62%. The ex-dividend date of this dividend was Monday, May 19th. Adidas's dividend payout ratio (DPR) is presently 24.76%.

Hedge Funds Weigh In On Adidas

A number of institutional investors and hedge funds have recently bought and sold shares of ADDYY. Rhumbline Advisers lifted its holdings in Adidas by 7.9% in 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 in the last quarter. Madison Investment Advisors LLC acquired a new position in shares of Adidas in the 4th quarter valued at approximately $2,437,000. GAMMA Investing LLC boosted its stake 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 during the last quarter. Finally, Mar Vista Investment Partners LLC boosted its stake 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 valued at $3,556,000 after buying an additional 731 shares during 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.

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