Adidas AG (OTCMKTS:ADDYY) Stock Has Average Target Price of $146.02

Adidas AG (OTCMKTS:ADDYY) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $146.02.

ADDYY has been the subject of several research analyst reports. Barclays upgraded Adidas from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 1st. UBS Group cut Adidas from a “buy” rating to a “neutral” rating in a report on Tuesday, August 4th. Royal Bank Of Canada upgraded Adidas from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adidas in a report on Tuesday, June 30th. Finally, Morgan Stanley restated an “overweight” rating on shares of Adidas in a research report on Thursday, September 10th.

Institutional Trading of Adidas

An institutional investor recently raised its position in Adidas stock. Madison Asset Management LLC grew its holdings in shares of Adidas AG (OTCMKTS:ADDYY) by 7.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,125 shares of the company’s stock after buying an additional 1,582 shares during the quarter. Madison Asset Management LLC’s holdings in Adidas were worth $1,935,000 at the end of the most recent reporting period.

Adidas Price Performance

Shares of ADDYY stock opened at $83.74 on Wednesday. The company’s fifty day simple moving average is $90.12 and its two-hundred day simple moving average is $89.99. Adidas has a 52 week low of $75.19 and a 52 week high of $118.00. The stock has a market cap of $29.92 billion, a P/E ratio of 18.44, a PEG ratio of 1.18 and a beta of 1.25. The company has a quick ratio of 0.74, a current ratio of 1.39 and a debt-to-equity ratio of 0.39.

Adidas (OTCMKTS:ADDYY) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.16). The firm had revenue of $7.76 billion for the quarter, compared to analysts’ expectations of $7.55 billion. Adidas had a net margin of 5.30% and a return on equity of 22.35%. Analysts predict that Adidas will post 5.3 EPS for the current fiscal year.

Adidas Company Profile

Adidas AG is a global sporting goods company headquartered in Herzogenaurach, Germany. The company designs, manufactures and markets athletic and lifestyle footwear, apparel and accessories under the adidas brand, serving consumers, athletes, teams and sports organizations worldwide.

Its products cover sports including football, running, basketball, training and outdoor activities, as well as casual and streetwear categories. Adidas distributes its products through wholesale partners, company-operated stores and digital commerce channels across markets in Europe, North America, Asia-Pacific, Latin America and other regions.

The company was founded by Adolf “Adi” Dassler in 1949, following his earlier work developing sports shoes.