ADIDAS AG/S (OTCMKTS:ADDYY) has been assigned a consensus recommendation of “Hold” from the ten research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $154.00.
ADDYY has been the subject of a number of recent analyst reports. Zacks Investment Research lowered ADIDAS AG/S from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Wells Fargo & Co raised ADIDAS AG/S from a “market perform” rating to an “outperform” rating in a report on Monday, February 25th. ValuEngine lowered ADIDAS AG/S from a “buy” rating to a “hold” rating in a report on Thursday, March 14th. Societe Generale started coverage on ADIDAS AG/S in a report on Wednesday, March 20th. They issued a “hold” rating for the company. Finally, Credit Suisse Group lowered ADIDAS AG/S from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 25th.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. NorthCoast Asset Management LLC bought a new stake in shares of ADIDAS AG/S during the 4th quarter worth $2,184,000. PNC Financial Services Group Inc. purchased a new stake in shares of ADIDAS AG/S in the fourth quarter valued at $181,000. Hancock Whitney Corp lifted its holdings in shares of ADIDAS AG/S by 7.8% in the fourth quarter. Hancock Whitney Corp now owns 2,543 shares of the company’s stock valued at $265,000 after purchasing an additional 185 shares in the last quarter. Park National Corp OH purchased a new stake in shares of ADIDAS AG/S in the first quarter valued at $252,000. Finally, Private Capital Group LLC lifted its holdings in shares of ADIDAS AG/S by 182.3% in the first quarter. Private Capital Group LLC now owns 1,101 shares of the company’s stock valued at $134,000 after purchasing an additional 711 shares in the last quarter. 0.14% of the stock is owned by hedge funds and other institutional investors.
ADDYY stock traded down $1.65 on Friday, reaching $145.18. The company’s stock had a trading volume of 20,910 shares, compared to its average volume of 45,960. ADIDAS AG/S has a 52 week low of $101.48 and a 52 week high of $151.16. The firm has a market capitalization of $58.32 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 1.86 and a beta of 0.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.39 and a quick ratio of 0.95.
ADIDAS AG/S (OTCMKTS:ADDYY) last issued its quarterly earnings data on Friday, May 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.20. ADIDAS AG/S had a return on equity of 27.69% and a net margin of 8.05%. The business had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.53 billion. On average, equities analysts anticipate that ADIDAS AG/S will post 5.38 EPS for the current fiscal year.
The company also recently declared an annual dividend, which was paid on Tuesday, May 21st. Shareholders of record on Monday, May 13th were paid a dividend of $1.338 per share. This represents a yield of 1.05%. The ex-dividend date was Friday, May 10th. ADIDAS AG/S’s payout ratio is currently 27.07%.
ADIDAS AG/S Company Profile
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. The company operates in 10 segments: Europe, North America Adidas, North America Reebok, Asia-Pacific, Latin America, Emerging Markets, Russia/CIS, Adidas Golf, Runtastic, and Other Centrally Managed Businesses.
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