Shares of adidas AG (OTCMKTS:ADDYY – Get Rating) have received a consensus rating of "Hold" from the nineteen brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $197.50.
Several research analysts have commented on ADDYY shares. Royal Bank of Canada reduced their price objective on adidas from €205.00 ($209.18) to €190.00 ($193.88) and set an "outperform" rating on the stock in a report on Wednesday. Credit Suisse Group lowered their price target on adidas from €155.00 ($158.16) to €145.00 ($147.96) in a research report on Thursday. Evercore ISI raised adidas to an "outperform" rating in a report on Wednesday, May 11th. BNP Paribas lowered adidas from an "outperform" rating to a "neutral" rating in a research note on Monday, May 16th. Finally, UBS Group lowered adidas from a "buy" rating to a "neutral" rating in a research note on Friday.
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adidas Stock Performance
OTCMKTS:ADDYY opened at $86.14 on Friday. The stock has a 50-day moving average price of $89.51 and a 200 day moving average price of $107.59. adidas has a 12-month low of $76.71 and a 12-month high of $199.44. The stock has a market capitalization of $33.61 billion, a P/E ratio of 13.98, a P/E/G ratio of 0.95 and a beta of 0.97. The company has a current ratio of 1.44, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35.
adidas (OTCMKTS:ADDYY – Get Rating) last posted its quarterly earnings data on Friday, May 6th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.13. The business had revenue of $5.95 billion during the quarter, compared to analyst estimates of $5.63 billion. adidas had a return on equity of 16.50% and a net
margin of 9.64%. Equities research analysts forecast that adidas will post 4.53 EPS for the current fiscal year.
adidas Cuts Dividend
The business also recently announced a dividend, which was paid on Monday, May 23rd. Shareholders of record on Monday, May 16th were issued a $1.2952 dividend. The ex-dividend date of this dividend was Friday, May 13th. This represents a yield of 1.4%. adidas's dividend payout ratio (DPR) is presently 20.13%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in ADDYY. Yousif Capital Management LLC purchased a new position in shares of adidas during the 4th quarter worth approximately $894,000. Sky Investment Group LLC increased its stake in shares of adidas by 4.1% during the 1st quarter. Sky Investment Group LLC now owns 14,370 shares of the company's stock worth $1,679,000 after purchasing an additional 570 shares in the last quarter. Castleview Partners LLC purchased a new position in shares of adidas during the 4th quarter worth approximately $172,000. Mar Vista Investment Partners LLC increased its stake in shares of adidas by 12.6% during the 1st quarter. Mar Vista Investment Partners LLC now owns 35,590 shares of the company's stock worth $4,196,000 after purchasing an additional 3,993 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of adidas by 111.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,283 shares of the company's stock worth $151,000 after purchasing an additional 675 shares in the last quarter. 0.04% of the stock is owned by hedge funds and other institutional investors.
About adidas
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adidas AG, together with its subsidiaries, designs, develops, distributes, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and accessories and gear, such as bags and balls under the adidas brand. It sells its products through approximately 2,200 own-retail stores; mono-branded franchise stores and shop-in-shops; and wholesale and its e-commerce channels.
Further Reading
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