Brokerages Set Adidas AG (OTCMKTS:ADDYY) Price Target at $146.02

Adidas AG (OTCMKTS:ADDYY) has been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and three have assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $146.02.

ADDYY has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adidas in a research report on Wednesday, December 10th. Citigroup reiterated a “buy” rating on shares of Adidas in a research note on Tuesday, February 3rd. Royal Bank Of Canada cut shares of Adidas from an “outperform” rating to a “sector perform” rating in a report on Friday, January 23rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $146.02 price objective on shares of Adidas in a research report on Tuesday, January 6th. Finally, Bank of America reissued an “underperform” rating on shares of Adidas in a research note on Tuesday, January 6th.

Hedge Funds Weigh In On Adidas

A hedge fund recently raised its stake in Adidas stock. Madison Asset Management LLC boosted its stake in Adidas AG (OTCMKTS:ADDYY) by 10.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,543 shares of the company’s stock after buying an additional 2,101 shares during the period. Madison Asset Management LLC’s holdings in Adidas were worth $2,228,000 at the end of the most recent quarter.

Adidas Trading Down 2.2%

OTCMKTS ADDYY opened at $79.37 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.71 and a current ratio of 1.31. Adidas has a one year low of $78.66 and a one year high of $126.59. The company has a 50-day simple moving average of $90.25 and a 200-day simple moving average of $96.79. The firm has a market capitalization of $28.34 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 1.16 and a beta of 1.15.

Adidas (OTCMKTS:ADDYY) last released its quarterly earnings data on Wednesday, March 4th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Adidas had a return on equity of 22.58% and a net margin of 5.36%.The business had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.15 billion. On average, equities analysts forecast that Adidas will post 2.27 earnings per share for the current year.

Adidas Company Profile

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.