Adidas AG (OTCMKTS:ADDYY) Receives Average Rating of “Buy” from Analysts

Shares of Adidas AG (OTCMKTS:ADDYY) have earned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company.

A number of research firms recently commented on ADDYY. BTIG Research began coverage on shares of Adidas in a research note on Tuesday, October 14th. They issued a “neutral” rating for the company. Jefferies Financial Group raised shares of Adidas from a “hold” rating to a “buy” rating in a research note on Wednesday, September 3rd.

Adidas Trading Down 3.0%

Adidas stock opened at $90.50 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.67 and a current ratio of 1.25. The firm has a market cap of $32.32 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 0.53 and a beta of 1.22. Adidas has a 1 year low of $90.33 and a 1 year high of $137.73. The firm’s 50 day moving average price is $105.41 and its two-hundred day moving average price is $111.53.

Adidas (OTCMKTS:ADDYY) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.07). Adidas had a return on equity of 21.33% and a net margin of 5.00%.The business had revenue of $7.73 billion during the quarter, compared to analyst estimates of $6.22 billion. On average, research analysts predict that Adidas will post 2.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Adidas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADDYY. GAMMA Investing LLC boosted its stake in Adidas by 17.8% in the 1st quarter. GAMMA Investing LLC now owns 1,057 shares of the company’s stock worth $125,000 after purchasing an additional 160 shares during the period. Yousif Capital Management LLC boosted its stake in Adidas by 9.4% in the 2nd 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. Rhumbline Advisers boosted its stake 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 purchasing an additional 709 shares during the period. Finally, Mar Vista Investment Partners LLC boosted its stake in shares of Adidas by 4.0% during the 2nd quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock valued at $3,550,000 after buying an additional 1,180 shares during the period.

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.