Adidas AG (OTCMKTS:ADDYY) Receives Average Recommendation of “Buy” from Brokerages

Adidas AG (OTCMKTS:ADDYY) has earned a consensus recommendation of “Buy” from the ten research firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and three have assigned a strong buy recommendation to the company.

A number of brokerages have commented on ADDYY. Jefferies Financial Group upgraded Adidas from a “hold” rating to a “buy” rating in a research report on Wednesday, September 3rd. BTIG Research began coverage on Adidas in a research report on Tuesday. They issued a “neutral” rating for the company.

Adidas Price Performance

Shares of ADDYY stock opened at $109.27 on Wednesday. The stock has a 50 day moving average of $103.17 and a two-hundred day moving average of $112.18. The company has a current ratio of 1.29, a quick ratio of 0.72 and a debt-to-equity ratio of 0.31. Adidas has a 12 month low of $94.33 and a 12 month high of $137.73. The company has a market capitalization of $39.02 billion, a P/E ratio of 29.77, a P/E/G ratio of 0.58 and a beta of 1.22.

Adidas (OTCMKTS:ADDYY) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. Adidas had a return on equity of 20.68% and a net margin of 4.93%.The company had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.30 billion. As a group, equities analysts expect that Adidas will post 2.27 EPS for the current year.

Hedge Funds Weigh In On Adidas

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in shares of Adidas by 17.8% during the 1st quarter. GAMMA Investing LLC now owns 1,057 shares of the company’s stock worth $125,000 after buying an additional 160 shares during the period. Yousif Capital Management LLC lifted its position in shares of Adidas by 9.4% during the 2nd quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock worth $607,000 after buying an additional 450 shares during the period. Rhumbline Advisers lifted its position in shares of Adidas by 7.9% during the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock worth $1,139,000 after buying an additional 709 shares during the period. Finally, Mar Vista Investment Partners LLC lifted its position in shares of Adidas by 4.0% during the 2nd quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock worth $3,550,000 after buying an additional 1,180 shares during the period.

Adidas Company Profile

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.