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

Key Points

• Adidas has a “Moderate Buy” consensus rating from 13 analysts: nine recommend buying, three advise holding, and one recommends selling. The average 12-month price target is $146.02.
• Adidas reported quarterly EPS of $1.22, missing the $1.38 consensus estimate, while revenue of $7.76 billion exceeded expectations of $7.55 billion. Analysts project full-year EPS of $5.35.
• ADDYY opened at $89.22, with a market capitalization of $31.88 billion and a 12-month trading range of $75.19 to $118.00. GAMMA Investing increased its Adidas stake by 53.5% during the second quarter.

Adidas AG (OTCMKTS:ADDYY - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $146.02.

ADDYY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Adidas in a research note on Tuesday, June 30th. Telsey Advisory Group reaffirmed an "outperform" rating on shares of Adidas in a research report on Friday, July 31st. UBS Group downgraded Adidas from a "buy" rating to a "neutral" rating in a report on Tuesday, August 4th. Piper Sandler restated an "overweight" rating on shares of Adidas in a research note on Wednesday, July 15th. Finally, Zacks Research upgraded Adidas from a "strong sell" rating to a "hold" rating in a research report on Monday, May 4th.

Adidas Stock Performance

OTCMKTS:ADDYY opened at $89.22 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.39 and a debt-to-equity ratio of 0.39. The firm's fifty day simple moving average is $97.80 and its 200 day simple moving average is $90.90. The stock has a market cap of $31.88 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.21 and a beta of 1.26. Adidas has a twelve month low of $75.19 and a twelve month high of $118.00.

Adidas (OTCMKTS:ADDYY - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.16). Adidas had a return on equity of 22.35% and a net margin of 5.30%.The company had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $7.55 billion. As a group, research analysts predict that Adidas will post 5.35 EPS for the current year.

Hedge Funds Weigh In On Adidas

An institutional investor recently raised its stake in Adidas stock. GAMMA Investing LLC lifted its holdings in Adidas AG (OTCMKTS:ADDYY - Free Report) by 53.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,101 shares of the company's stock after buying an additional 732 shares during the quarter. GAMMA Investing LLC's holdings in Adidas were worth $216,000 as of its most recent SEC filing.

About Adidas

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf "Adi" Dassler in 1949, the company has grown into one of the world's leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas's product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.

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