Shares of Adidas AG (OTCMKTS:ADDYY – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the sixteen brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $146.02.
Several equities research analysts recently commented on the company. Citigroup upgraded Adidas from a “buy” rating to an “overweight” rating in a report on Tuesday, September 1st. Piper Sandler restated an “overweight” rating on shares of Adidas in a research note on Wednesday, July 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of Adidas in a report on Thursday, September 10th. UBS Group lowered shares of Adidas from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 4th. Finally, Benchmark raised shares of Adidas to a “strong-buy” rating in a report on Tuesday.
Get Our Latest Research Report on Adidas
Adidas Stock Performance
Adidas (OTCMKTS:ADDYY – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.16). Adidas had a return on equity of 22.35% and a net margin of 5.30%.The business had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $7.55 billion. As a group, research analysts forecast that Adidas will post 5.3 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Adidas
An institutional investor recently raised its stake in Adidas stock. GAMMA Investing LLC increased its holdings in Adidas AG (OTCMKTS:ADDYY – Free Report) by 53.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,101 shares of the company’s stock after buying an additional 732 shares during the quarter. GAMMA Investing LLC’s holdings in Adidas were worth $216,000 at the end of the most recent reporting period.
Adidas Company Profile
Adidas AG is a global sporting goods company headquartered in Herzogenaurach, Germany. The company designs, manufactures and markets athletic and lifestyle footwear, apparel and accessories under the adidas brand, serving consumers, athletes, teams and sports organizations worldwide.
Its products cover sports including football, running, basketball, training and outdoor activities, as well as casual and streetwear categories. Adidas distributes its products through wholesale partners, company-operated stores and digital commerce channels across markets in Europe, North America, Asia-Pacific, Latin America and other regions.
The company was founded by Adolf “Adi” Dassler in 1949, following his earlier work developing sports shoes.
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