adidas AG (OTCMKTS: ADDYY) obtained a consensus “Buy” recommendation from the sixteen research companies that currently cover the company, reports Marketbeat.com. Eight equity research analysts rated the stock with a conservation rating and eight gave the company a buy rating.
A number of equity analysts weighed on the title. HSBC upgraded adidas shares from a “hold” rating to a “buy” rating in a research report released on Wednesday, July 7. Credit Suisse Group reaffirmed a “neutral” rating on adidas shares in a research report on Thursday, May 13. The UBS Group reaffirmed a “buy” note on Adidas shares in a research report on Monday, May 10. Kepler Capital Markets reaffirmed a “buy” note on adidas shares in a report released on Friday, June 25. Finally, Zacks Investment Research downgraded adidas shares from a “buy” rating to a “conservation” rating in a report released on Monday, July 12.
Institutional investors and hedge funds recently changed their positions in the stock. Tower View Investment Management & Research LLC increased its holdings of adidas shares by 11.7% in the first quarter. Tower View Investment Management & Research LLC now owns 11,238 shares of the company valued at $ 1,764,000 after purchasing an additional 1,176 shares during the period. Mitchell Capital Management Co. increased its holdings of adidas shares by 20.9% in the first quarter. Mitchell Capital Management Co. now owns 8,489 shares of the company valued at $ 1,333,000 after purchasing an additional 1,470 shares during the period. Captrust Financial Advisors increased its holdings of adidas shares by 22.8% in the fourth quarter. Captrust Financial Advisors now owns 2,504 shares of the company valued at $ 458,000 after purchasing an additional 465 shares during the period. Sierra Capital LLC purchased a new stake in adidas shares in the first quarter valued at approximately $ 179,000. Finally, Hancock Whitney Corp increased its stake in adidas shares by 1.8% in the first quarter. Hancock Whitney Corp now owns 3,639 shares of the company valued at $ 572,000 after purchasing an additional 66 shares during the period. 0.14% of the shares are held by hedge funds and other institutional investors.
ADDYY opened at $ 181.29 on Wednesday. The company has a debt ratio of 0.33, a quick ratio of 1.10 and a current ratio of 1.54. The company has a fifty-day moving average price of $ 181.93. adidas has a one-year low at $ 136.51 and a one-year high at $ 191.43. The company has a market cap of $ 71.05 billion, a PE ratio of 60.63, a P / E / G ratio of 4.90 and a beta of 0.85.
adidas (OTCMKTS: ADDYY) last released its quarterly earnings data on Friday, May 7. The company reported earnings per share of $ 1.56 for the quarter, beating the Zacks’ consensus estimate of $ 1.06 by $ 0.50. The company posted revenue of $ 6.35 billion in the quarter, compared to $ 5.95 billion expected by analysts. adidas had a net margin of 4.88% and a return on equity of 13.77%. Analysts expect adidas to post earnings per share of 4.62 for the current fiscal year.
The company also recently announced a dividend, which was paid on Tuesday, May 25. Shareholders of record on Friday May 14 received a dividend of $ 1.7749 per share. This represents a dividend yield of 1.13%. The ex-dividend date was Thursday, May 13. Adidas payout rate is 105.69%.
adidas AG, together with its subsidiaries, designs, develops, distributes and markets sports and lifestyle products worldwide. The company operates through ten segments: Europe, Adidas North America, Reebok North America, Asia Pacific, Russia / CIS, Latin America, Emerging Markets, Adidas Golf, Runtastic and other centrally managed businesses.
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