Adidas AG (OTCMKTS:ADDYY) Receives $146.02 Consensus PT from Analysts

Adidas AG (OTCMKTS:ADDYY – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $146.02.

A number of brokerages have recently weighed in on ADDYY. Zacks Research upgraded Adidas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Royal Bank Of Canada upgraded Adidas from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, June 10th.

Get Adidas alerts:

Get Our Latest Stock Report on ADDYY

Institutional Inflows and Outflows

An institutional investor recently raised its position in Adidas stock. Madison Asset Management LLC grew its position in shares of Adidas AG (OTCMKTS:ADDYY – Free Report) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,543 shares of the company’s stock after purchasing an additional 2,101 shares during the period. Madison Asset Management LLC’s holdings in Adidas were worth $2,228,000 at the end of the most recent reporting period.

Adidas Stock Performance

Shares of ADDYY stock opened at $101.95 on Monday. Adidas has a 52-week low of $75.19 and a 52-week high of $125.69. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.68 and a current ratio of 1.32. The firm has a market capitalization of $36.43 billion, a PE ratio of 22.46, a PEG ratio of 1.40 and a beta of 1.26. The stock has a fifty day simple moving average of $89.56 and a two-hundred day simple moving average of $89.58.

Adidas (OTCMKTS:ADDYY – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. The firm had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.36 billion. Adidas had a return on equity of 23.53% and a net margin of 5.52%. On average, analysts predict that Adidas will post 5.49 EPS for the current fiscal year.

Adidas Company Profile

(Get Free Report)

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.

Further Reading

• Five stocks we like better than Adidas
• Aehr Spikes on New Order, But Has Stock Gotten Ahead of Itself?
• Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom
• Satellogic Is Tiny But Its Revenue Growth Is Hard to Ignore
• Why Kroger’s Pullback Could Be a Gift for Patient Investors

Receive News & Ratings for Adidas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adidas and related companies with MarketBeat.com's FREE daily email newsletter.