Adidas AG (OTCMKTS:ADDYY) Stock Has Average Price Target of $146.02

Shares of Adidas AG (OTCMKTS:ADDYY) have been given an average recommendation of “Moderate Buy” by the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $146.02.

ADDYY has been the topic of a number of analyst reports. Piper Sandler reaffirmed an “overweight” rating on shares of Adidas in a research report on Wednesday, July 15th. JPMorgan Chase & Co. assumed coverage on Adidas in a report on Thursday, July 2nd. They issued an “overweight” rating for the company. Robert W. Baird lowered Adidas from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Benchmark upgraded Adidas to a “strong-buy” rating in a report on Tuesday, September 22nd. Finally, Barclays upgraded Adidas from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 1st.

Institutional Trading of Adidas

A hedge fund recently raised its stake in Adidas stock. GAMMA Investing LLC boosted its stake in Adidas AG (OTCMKTS:ADDYY) by 53.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,101 shares of the company’s stock after acquiring an additional 732 shares during the period. GAMMA Investing LLC’s holdings in Adidas were worth $216,000 at the end of the most recent reporting period.

Adidas Stock Down 2.1%

Shares of Adidas stock opened at $82.66 on Wednesday. Adidas has a twelve month low of $75.19 and a twelve month high of $118.00. The stock has a market cap of $29.54 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 1.20 and a beta of 1.25. The company has a current ratio of 1.39, a quick ratio of 0.74 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average price of $89.34 and a 200 day moving average price of $90.02.

Adidas (OTCMKTS:ADDYY) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $7.55 billion. Equities research analysts forecast that Adidas will post 5.27 earnings per share for the current fiscal year.

Adidas Company Profile

adidas AG is a Germany-based global sporting goods company headquartered in Herzogenaurach, Bavaria. Founded by Adolf “Adi” Dassler in 1949, the company develops, designs and markets athletic footwear, apparel and sports accessories under the adidas brand.

Its products serve a broad range of sports and activities, including football, running, basketball, training, tennis and outdoor pursuits. adidas also offers lifestyle footwear and clothing that combine sports-inspired designs with everyday fashion.