adidas AG (OTCMKTS:ADDYY) Given Average Recommendation of “Buy” by Analysts

adidas AG (OTCMKTS:ADDYY) has been given an average rating of “Buy” by the six brokerages that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation.

Several analysts have weighed in on the company. Morgan Stanley raised adidas from an “underweight” rating to an “overweight” rating in a report on Monday, April 15th. Stifel Nicolaus raised adidas from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th.

Hedge Funds Weigh In On adidas

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC bought a new position in adidas during the 4th quarter worth approximately $45,000. Fisher Asset Management LLC grew its position in adidas by 27.5% during the 4th quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock worth $1,296,000 after acquiring an additional 2,749 shares during the last quarter. Capital Square LLC bought a new position in adidas during the 4th quarter worth approximately $1,405,000. Finally, Mar Vista Investment Partners LLC grew its position 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.

adidas Trading Down 1.1 %

Shares of ADDYY opened at $118.53 on Thursday. The stock’s 50-day simple moving average is $121.18 and its 200 day simple moving average is $109.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 0.66. adidas has a 52-week low of $81.88 and a 52-week high of $127.98.

adidas (OTCMKTS:ADDYY) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.17). The company had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $5.81 billion. adidas had a return on equity of 1.69% and a net margin of 0.64%. Research analysts forecast that adidas will post 1.68 earnings per share for the current fiscal year.

adidas Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, May 29th. Stockholders of record on Monday, May 20th were given a dividend of $0.2394 per share. The ex-dividend date was Friday, May 17th. adidas’s dividend payout ratio (DPR) is presently 57.14%.

About adidas

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.