Adidas AG (OTCMKTS:ADDYY) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Adidas AG (OTCMKTS:ADDYY) have received an average rating of “Moderate Buy” from the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $146.02.

A number of equities analysts have recently weighed in on ADDYY shares. Royal Bank Of Canada raised Adidas from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, June 10th. Piper Sandler reissued an “overweight” rating on shares of Adidas in a research report on Wednesday, July 15th. Zacks Research upgraded shares of Adidas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Telsey Advisory Group restated an “outperform” rating on shares of Adidas in a report on Friday, July 31st. Finally, UBS Group lowered shares of Adidas from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 4th.

Adidas Price Performance

Shares of OTCMKTS ADDYY opened at $96.33 on Tuesday. The firm has a market capitalization of $34.42 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.29 and a beta of 1.26. The firm’s 50-day moving average price is $100.15 and its 200-day moving average price is $90.78. The company has a current ratio of 1.35, a quick ratio of 0.71 and a debt-to-equity ratio of 0.31. Adidas has a 1-year low of $75.19 and a 1-year high of $118.00.

Adidas (OTCMKTS:ADDYY) last issued 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). The firm had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $7.55 billion. Adidas had a net margin of 5.30% and a return on equity of 22.53%. Equities research analysts anticipate that Adidas will post 5.35 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 grew its position in shares of Adidas AG (OTCMKTS:ADDYY) by 53.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

Adidas Company Profile

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.