Adidas AG (OTCMKTS:ADDYY) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Adidas holds a “Moderate Buy” consensus rating from 15 analysts: 10 buys, four holds and one sell. The average 12-month price target is $146.02.
• ADDYY shares opened at $84.52, up 2.5%, with a $75.19–$118.00 52-week range and a market capitalization of approximately $30.2 billion.
• Adidas reported quarterly EPS of $1.22, below the $1.38 consensus estimate, while revenue of $7.76 billion exceeded expectations of $7.55 billion. Madison Asset Management increased its stake by 7% during the quarter.

Shares of Adidas AG (OTCMKTS:ADDYY - Get Free Report) have received an average recommendation of "Moderate Buy" from the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $146.02.

ADDYY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Adidas in a report on Tuesday, June 30th. UBS Group downgraded shares of Adidas from a "buy" rating to a "neutral" rating in a research report on Tuesday, August 4th. Robert W. Baird lowered shares of Adidas from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. Citigroup raised Adidas from a "buy" rating to an "overweight" rating in a research report on Tuesday, September 1st. Finally, Telsey Advisory Group reiterated an "outperform" rating on shares of Adidas in a research note on Friday, July 31st.

Adidas Stock Up 2.5%

Shares of ADDYY stock opened at $84.52 on Wednesday. Adidas has a fifty-two week low of $75.19 and a fifty-two week high of $118.00. The firm has a market capitalization of $30.20 billion, a PE ratio of 18.62, a P/E/G ratio of 1.16 and a beta of 1.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.74 and a current ratio of 1.39. The stock's 50-day simple moving average is $91.43 and its 200-day simple moving average is $90.01.

Adidas (OTCMKTS:ADDYY - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.22 EPS for the quarter, missing analysts' consensus estimates of $1.38 by ($0.16). The firm had revenue of $7.76 billion for the quarter, compared to analyst estimates of $7.55 billion. Adidas had a return on equity of 22.35% and a net margin of 5.30%. Equities analysts expect that Adidas will post 5.3 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Adidas stock. Madison Asset Management LLC grew its stake in Adidas AG (OTCMKTS:ADDYY - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,125 shares of the company's stock after purchasing an additional 1,582 shares during the period. Madison Asset Management LLC's holdings in Adidas were worth $1,935,000 at the end of the most recent quarter.

Adidas Company Profile

Adidas AG is a global sporting goods company headquartered in Herzogenaurach, Germany. The company designs, manufactures and markets athletic and lifestyle footwear, apparel and accessories under the adidas brand, serving consumers, athletes, teams and sports organizations worldwide.

Its products cover sports including football, running, basketball, training and outdoor activities, as well as casual and streetwear categories. Adidas distributes its products through wholesale partners, company-operated stores and digital commerce channels across markets in Europe, North America, Asia-Pacific, Latin America and other regions.

The company was founded by Adolf “Adi” Dassler in 1949, following his earlier work developing sports shoes.

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