Adidas AG (OTCMKTS:ADDYY) Stock Has Average Price Target of $146.00

Adidas AG (OTCMKTS:ADDYY) has received an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $146.00.

A number of brokerages have recently issued reports on ADDYY. JPMorgan Chase & Co. initiated coverage on shares of Adidas in a research note on Thursday, July 2nd. They set an “overweight” rating for the company. Piper Sandler reaffirmed an “overweight” rating on shares of Adidas in a research report on Wednesday, July 15th. Benchmark raised shares of Adidas to a “strong-buy” rating in a research note on Tuesday, September 22nd. Zacks Research lowered Adidas from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 13th. Finally, Robert W. Baird lowered Adidas from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th.

Institutional Trading of Adidas

A number of institutional investors have recently made changes to their positions in ADDYY. Sterling Capital Management LLC purchased a new stake in shares of Adidas in the 3rd quarter valued at $336,000. GAMMA Investing LLC lifted its holdings in shares of Adidas by 7.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,249 shares of the company’s stock valued at $185,000 after buying an additional 148 shares during the period. Finally, Madison Asset Management LLC lifted its holdings in Adidas by 7.0% in the first quarter. Madison Asset Management LLC now owns 24,125 shares of the company’s stock valued at $1,935,000 after acquiring an additional 1,582 shares during the period.

Adidas Trading Down 1.4%

Adidas stock opened at $89.18 on Friday. Adidas has a 1 year low of $75.19 and a 1 year high of $110.97. The firm’s 50 day moving average price is $85.52 and its 200-day moving average price is $90.82. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.39 and a quick ratio of 0.74. The stock has a market cap of $31.87 billion, a P/E ratio of 19.89, a PEG ratio of 1.32 and a beta of 1.24.

Adidas (OTCMKTS:ADDYY) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.16). Adidas had a net margin of 5.30% and a return on equity of 22.35%. The firm had revenue of $7.76 billion for the quarter, compared to analysts’ expectations of $7.55 billion. On average, equities analysts predict that Adidas will post 5.13 earnings per share for the current fiscal year.

Adidas Company Profile

Adidas AG is a Germany-based global sporting goods company that designs, develops, markets and sells athletic footwear, apparel and accessories. Its products serve a broad range of sports and lifestyle categories, including running, football, basketball, training and outdoor activities, as well as casual and fashion-oriented markets.

Founded in 1949 by Adolf “Adi” Dassler, Adidas is headquartered in Herzogenaurach, Germany. The company sells products under the Adidas brand through wholesale partners, company-operated stores, e-commerce platforms and other direct-to-consumer channels.