Adidas AG (OTCMKTS:ADDYY) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Adidas AG (OTCMKTS:ADDYY) have been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $146.00.

ADDYY has been the subject of a number of analyst reports. Sanford C. Bernstein restated an “outperform” rating and set a $146.00 price objective on shares of Adidas in a research report on Friday, October 2nd. Robert W. Baird downgraded Adidas from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. UBS Group lowered Adidas from a “buy” rating to a “neutral” rating in a report on Tuesday, August 4th. Piper Sandler reaffirmed an “overweight” rating on shares of Adidas in a report on Wednesday, July 15th. Finally, Citigroup restated a “buy” rating on shares of Adidas in a research report on Wednesday.

Adidas Stock Down 1.2%

ADDYY stock opened at $88.15 on Friday. 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 firm has a 50 day simple moving average of $85.47 and a 200-day simple moving average of $90.81. The company has a market capitalization of $31.50 billion, a P/E ratio of 19.42, a PEG ratio of 1.25 and a beta of 1.24. Adidas has a twelve month low of $75.19 and a twelve month high of $110.21.

Adidas (OTCMKTS:ADDYY) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.16). The company had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $7.55 billion. Adidas had a return on equity of 22.35% and a net margin of 5.30%. On average, equities research analysts predict that Adidas will post 5.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Adidas

Several large investors have recently made changes to their positions in ADDYY. Madison Asset Management LLC increased its stake in Adidas by 7.0% in the 1st quarter. Madison Asset Management LLC now owns 24,125 shares of the company’s stock worth $1,935,000 after purchasing an additional 1,582 shares in the last quarter. Sterling Capital Management LLC acquired a new stake in Adidas during the 3rd quarter valued at $336,000. Finally, GAMMA Investing LLC boosted its position in shares of Adidas by 53.5% in the second quarter. GAMMA Investing LLC now owns 2,101 shares of the company’s stock worth $216,000 after buying an additional 732 shares during the period.

About Adidas

Adidas AG is a Germany-based global sporting goods company that designs, develops, markets and sells athletic footwear, apparel and accessories. Its products serve a broad range of sports and lifestyle categories, including running, football, basketball, training and outdoor activities, as well as casual and fashion-oriented markets.

Founded in 1949 by Adolf “Adi” Dassler, Adidas is headquartered in Herzogenaurach, Germany. The company sells products under the Adidas brand through wholesale partners, company-operated stores, e-commerce platforms and other direct-to-consumer channels.