Adidas AG (OTCMKTS:ADDYY) Given Average Recommendation of “Buy” by Analysts

Shares of Adidas AG (OTCMKTS:ADDYY) have received a consensus rating of “Buy” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and three have issued a strong buy recommendation on the company.

Separately, Jefferies Financial Group upgraded Adidas from a “hold” rating to a “buy” rating in a research note on Wednesday, September 3rd.

Hedge Funds Weigh In On Adidas

Several institutional investors have recently added to or reduced their stakes in ADDYY. GAMMA Investing LLC grew its stake in shares of Adidas by 17.8% in the 1st quarter. GAMMA Investing LLC now owns 1,057 shares of the company’s stock valued at $125,000 after purchasing an additional 160 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of Adidas by 9.4% in the 2nd quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock valued at $607,000 after purchasing an additional 450 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Adidas by 7.9% in the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock valued at $1,139,000 after purchasing an additional 709 shares during the last quarter. Finally, Mar Vista Investment Partners LLC grew its stake in shares of Adidas by 4.0% in the 2nd quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock valued at $3,550,000 after purchasing an additional 1,180 shares during the last quarter.

Adidas Stock Down 1.6%

Shares of OTCMKTS ADDYY opened at $108.94 on Wednesday. The stock has a market cap of $38.90 billion, a P/E ratio of 29.68, a PEG ratio of 0.58 and a beta of 1.22. 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 business’s fifty day simple moving average is $102.64 and its 200-day simple moving average is $112.27.

Adidas (OTCMKTS:ADDYY) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.15 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $6.30 billion. As a group, equities analysts predict that Adidas will post 2.27 EPS for the current fiscal year.

About Adidas

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.