Shares of Adidas AG (OTCMKTS:ADDYY – Get Free Report) have been assigned an average rating of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $146.02.
Several brokerages have issued reports on ADDYY. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Adidas in a report on Tuesday, May 5th. Citigroup reiterated a “buy” rating on shares of Adidas in a report on Tuesday, February 3rd. Finally, Zacks Research upgraded shares of Adidas from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th.
Read Our Latest Stock Analysis on ADDYY
Adidas Stock Up 5.9%
Adidas (OTCMKTS:ADDYY – Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.05. Adidas had a net margin of 5.52% and a return on equity of 23.53%. The company had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.36 billion. As a group, research analysts expect that Adidas will post 5.46 earnings per share for the current fiscal year.
Institutional Trading of Adidas
A hedge fund recently raised its stake in Adidas stock. Madison Asset Management LLC raised its position in shares of Adidas AG (OTCMKTS:ADDYY – Free Report) by 11.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,442 shares of the company’s stock after buying an additional 2,110 shares during the quarter. Madison Asset Management LLC’s holdings in Adidas were worth $2,166,000 at the end of the most recent reporting period.
About Adidas
Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.
Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.
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