Analysts Set ADIDAS AG/S (OTCMKTS:ADDYY) Target Price at $154.00
ADIDAS AG/S (OTCMKTS:ADDYY) has earned an average rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $154.00.
A number of analysts have recently commented on ADDYY shares. Zacks Investment Research raised ADIDAS AG/S from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research note on Tuesday, May 14th. Bryan, Garnier & Co lowered ADIDAS AG/S from a “buy” rating to a “neutral” rating in a research note on Monday, May 6th. ValuEngine raised ADIDAS AG/S from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. Credit Suisse Group lowered ADIDAS AG/S from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 25th. Finally, Societe Generale started coverage on ADIDAS AG/S in a research note on Wednesday, March 20th. They issued a “hold” rating on the stock.
Shares of OTCMKTS ADDYY traded up $0.05 during mid-day trading on Friday, reaching $146.33. The company had a trading volume of 15,175 shares, compared to its average volume of 45,296. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 1.39. ADIDAS AG/S has a one year low of $101.48 and a one year high of $151.16. The stock has a market capitalization of $58.37 billion, a P/E ratio of 29.56, a PEG ratio of 1.80 and a beta of 0.73.
The business also recently disclosed an annual dividend, which was paid on Tuesday, May 21st. Investors of record on Monday, May 13th were paid a $1.338 dividend. This represents a dividend yield of 1.05%. The ex-dividend date was Friday, May 10th. ADIDAS AG/S’s dividend payout ratio is currently 27.07%.
Institutional investors have recently bought and sold shares of the stock. Private Capital Group LLC lifted its stake in shares of ADIDAS AG/S by 182.3% in the first quarter. Private Capital Group LLC now owns 1,101 shares of the company’s stock worth $134,000 after acquiring an additional 711 shares during the period. NorthCoast Asset Management LLC bought a new stake in ADIDAS AG/S in the fourth quarter worth approximately $2,184,000. Hancock Whitney Corp increased its holdings in ADIDAS AG/S by 7.8% in the fourth quarter. Hancock Whitney Corp now owns 2,543 shares of the company’s stock worth $265,000 after purchasing an additional 185 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in ADIDAS AG/S by 32.3% in the first quarter. Quadrant Capital Group LLC now owns 5,418 shares of the company’s stock worth $644,000 after purchasing an additional 1,324 shares in the last quarter. Finally, Todd Asset Management LLC bought a new stake in ADIDAS AG/S in the first quarter worth approximately $2,876,000. 0.14% of the stock is currently owned by institutional investors.
ADIDAS AG/S Company Profile
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. The company operates in 10 segments: Europe, North America Adidas, North America Reebok, Asia-Pacific, Latin America, Emerging Markets, Russia/CIS, Adidas Golf, Runtastic, and Other Centrally Managed Businesses.
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