adidas AG (OTCMKTS:ADDYY) Receives Consensus Recommendation of “Buy” from Analysts

adidas AG (OTCMKTS:ADDYY) has earned an average recommendation of “Buy” from the eight analysts that are covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a buy recommendation.

A number of analysts have weighed in on the stock. Royal Bank of Canada raised shares of adidas from a “sector perform” rating to an “outperform” rating in a report on Monday, February 5th. Morgan Stanley raised shares of adidas from an “underweight” rating to an “overweight” rating in a report on Monday, April 15th. Finally, Stifel Nicolaus raised shares of adidas from a “hold” rating to a “buy” rating in a report on Wednesday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mar Vista Investment Partners LLC boosted its stake in adidas by 8.0% during the 4th quarter. Mar Vista Investment Partners LLC now owns 27,044 shares of the company’s stock worth $2,749,000 after acquiring an additional 2,000 shares during the last quarter. Capital Square LLC bought a new position in adidas in the fourth quarter valued at approximately $1,405,000. Fisher Asset Management LLC lifted its stake in adidas by 27.5% in the fourth quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock valued at $1,296,000 after buying an additional 2,749 shares in the last quarter. Finally, GAMMA Investing LLC bought a new position in adidas in the fourth quarter valued at approximately $45,000.

adidas Stock Performance

Shares of ADDYY opened at $123.82 on Friday. The company’s fifty day moving average is $108.46 and its 200-day moving average is $100.68. adidas has a 12 month low of $79.58 and a 12 month high of $124.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.66 and a current ratio of 1.22.

adidas (OTCMKTS:ADDYY) last posted its earnings results on Wednesday, March 13th. The company reported ($1.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.36). adidas had a negative net margin of 0.33% and a negative return on equity of 2.21%. The firm had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.22 billion. Analysts predict that adidas will post 1.82 earnings per share for the current fiscal year.

adidas Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 20th will be given a dividend of $0.2394 per share. The ex-dividend date of this dividend is Friday, May 17th. adidas’s dividend payout ratio is -109.09%.

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.