Brokerages Set Adidas AG (OTCMKTS:ADDYY) PT at $146.02

Shares of Adidas AG (OTCMKTS:ADDYY) have been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $146.02.

ADDYY has been the topic of several research reports. Piper Sandler reissued an “overweight” rating on shares of Adidas in a research report on Wednesday, July 15th. Royal Bank Of Canada raised Adidas from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, June 10th. UBS Group downgraded Adidas from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. began coverage on Adidas in a report on Thursday, July 2nd. They issued an “overweight” rating on the stock. Finally, Telsey Advisory Group restated an “outperform” rating on shares of Adidas in a research note on Friday, July 31st.

Adidas Stock Down 1.7%

OTCMKTS:ADDYY opened at $87.68 on Friday. The company has a market cap of $31.33 billion, a PE ratio of 19.31, a P/E/G ratio of 1.22 and a beta of 1.26. Adidas has a twelve month low of $75.19 and a twelve month high of $118.00. The company has a current ratio of 1.39, a quick ratio of 0.74 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average is $97.56 and its two-hundred day moving average is $90.86.

Adidas (OTCMKTS:ADDYY) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.16). Adidas had a net margin of 5.30% and a return on equity of 22.35%. The company had revenue of $7.76 billion for the quarter, compared to analyst estimates of $7.55 billion. Analysts anticipate that Adidas will post 5.35 EPS for the current year.

Hedge Funds Weigh In On Adidas

An institutional investor recently raised its position in Adidas stock. GAMMA Investing LLC raised its holdings in shares of Adidas AG (OTCMKTS:ADDYY) by 53.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,101 shares of the company’s stock after acquiring an additional 732 shares during the period. GAMMA Investing LLC’s holdings in Adidas were worth $216,000 at the end of the most recent quarter.

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.