adidas AG (OTCMKTS:ADDYY) Receives Consensus “Hold” Recommendation From Brokers

adidas AG (OTCMKTS:ADDYY – Get a rating) received a consensus rating of “Hold” from the nineteen research firms that currently cover the business, Marketbeat reports. Two analysts rated the stock with a sell rating, eight gave a hold rating and seven issued a buy rating on the company. The 12-month average target price among brokerages that have issued ratings on the stock over the past year is $197.50.

A number of analysts have recently released reports on ADDYY shares. Baader Bank downgraded adidas shares to a “reduced” rating and set a price target of €190.00 ($193.88) on the stock. in a report from Wednesday, April 13. DZ Bank downgraded shares of adidas from a “buy” rating to a “hold” rating in a Wednesday, July 20 report. BNP Paribas downgraded shares of adidas from an “outperforming” rating to a “neutral” rating in a Monday, May 16 report. Morgan Stanley lowered its price target on adidas shares from €255.00 ($260.20) to €235.00 ($239.80) in a Tuesday, May 10 report. Finally, UBS Group downgraded shares of adidas from a “buy” rating to a “neutral” rating in a report on Friday.

adidas Stock Up to 1.0%

Shares of adidas opened at $86.14 on Friday. The company’s 50-day simple moving average is $89.51 and its 200-day simple moving average is $107.59. adidas has a fifty-two week low of $76.71 and a fifty-two week high of $199.44. The company has a market capitalization of $33.61 billion, a price/earnings ratio of 13.98, a PEG ratio of 0.95 and a beta of 0.97. The company has a debt ratio of 0.35, a current ratio of 1.44 and a quick ratio of 0.94.

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adidas (OTCMKTS:ADDYY – Get a rating) last announced its quarterly results on Friday, May 6. The company reported earnings per share of $0.90 for the quarter, beating consensus analyst estimates of $0.77 by $0.13. adidas had a net margin of 9.64% and a return on equity of 16.50%. The company posted revenue of $5.95 billion for the quarter, versus analyst estimates of $5.63 billion. As a group, sell-side analysts expect adidas to post EPS of 4.53 for the current year.

adidas cuts dividends

The company also recently disclosed a dividend, which was paid on Monday, May 23. Investors of record on Monday, May 16 received a dividend of $1.2952 per share. The ex-dividend date was Friday, May 13. This represents a return of 1.4%. adidas’ dividend payout ratio is 20.13%.

Institutional investors weigh in on adidas

Several institutional investors and hedge funds have recently bought and sold shares of ADDYY. Todd Asset Management LLC acquired a new position in adidas during the second quarter worth approximately $2,685,000. Castleview Partners LLC acquired a new position in adidas during the fourth quarter worth approximately $172,000. Kempner Capital Management Inc. acquired a new position in adidas during the second quarter worth approximately $933,000. Yousif Capital Management LLC acquired a new position in adidas during the fourth quarter worth approximately $894,000. Finally, Mar Vista Investment Partners LLC increased its stake in adidas by 12.6% during the first quarter. Mar Vista Investment Partners LLC now owns 35,590 shares of the company worth $4,196,000 after acquiring 3,993 additional shares in the last quarter. Institutional investors own 0.04% of the company’s shares.

About adidas

(Get a rating)

adidas AG, together with its subsidiaries, designs, develops, distributes and markets athletic and sports lifestyle products worldwide. It offers shoes; clothes; and accessories and equipment, such as adidas-branded bags and balls. It sells its products in approximately 2,200 directly operated retail stores; single-brand franchise stores and shop-in-shops; and wholesale and its e-commerce channels.

Further reading

Analyst Recommendations for adidas (OTCMKTS:ADDYY)

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