adidas AG (OTCMKTS:ADDYY) Sees Significant Increase in Short Interest

adidas AG (OTCMKTS:ADDYY) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 11,000 shares, a growth of 57.1% from the April 30th total of 7,000 shares. Based on an average daily volume of 75,800 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Several equities analysts have commented on ADDYY shares. Hsbc Global Res raised shares of adidas from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 9th. Piper Sandler assumed coverage on shares of adidas in a research note on Monday, May 5th. They issued an “overweight” rating on the stock. Berenberg Bank upgraded shares of adidas to a “hold” rating in a research note on Tuesday, April 15th. Baird R W raised adidas from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 21st. Finally, DZ Bank upgraded adidas from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 23rd. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Hedge Funds Weigh In On adidas

Several large investors have recently made changes to their positions in ADDYY. GAMMA Investing LLC lifted its stake in shares of adidas by 13,801.2% in the first quarter. GAMMA Investing LLC now owns 124,694 shares of the company’s stock worth $14,710,000 after buying an additional 123,797 shares in the last quarter. Madison Investment Advisors LLC purchased a new position in adidas in the 4th quarter worth about $2,437,000. Mar Vista Investment Partners LLC lifted its stake in adidas by 2.6% during the 4th quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company’s stock valued at $3,556,000 after acquiring an additional 731 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of adidas by 7.9% during the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock valued at $1,139,000 after acquiring an additional 709 shares during the last quarter.

adidas Stock Performance

Shares of ADDYY opened at $124.27 on Monday. adidas has a 52-week low of $99.40 and a 52-week high of $137.73. The stock’s 50-day simple moving average is $117.57 and its 200 day simple moving average is $122.59. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.32. The stock has a market capitalization of $44.37 billion, a price-to-earnings ratio of 95.59 and a beta of 1.24.

adidas (OTCMKTS:ADDYY) last announced its earnings results on Tuesday, April 29th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.01. adidas had a net margin of 1.91% and a return on equity of 7.39%. The business had revenue of $7 billion during the quarter, compared to analyst estimates of $6.33 billion. Research analysts forecast that adidas will post 2.27 EPS for the current fiscal year.

adidas Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 20th were issued a $0.7565 dividend. This is an increase from adidas’s previous dividend of $0.24. The ex-dividend date of this dividend was Monday, May 19th. This represents a yield of 0.62%. adidas’s dividend payout ratio is 24.43%.

adidas Company Profile

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.