Adidas’ (ADDYY) Buy Rating Reaffirmed at DZ Bank

Adidas (OTCMKTS:ADDYY)‘s stock had its “buy” rating reissued by stock analysts at DZ Bank in a research report issued on Wednesday.

A number of other research firms have also recently commented on ADDYY. Zacks Investment Research cut shares of Adidas from a “buy” rating to a “hold” rating in a research report on Thursday, March 22nd. ValuEngine raised shares of Adidas from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Citigroup upgraded shares of Adidas from a “neutral” rating to a “buy” rating in a research note on Thursday, March 15th. Finally, Bank of America upgraded shares of Adidas from a “neutral” rating to a “buy” rating in a research note on Thursday, March 8th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $190.75.

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Shares of ADDYY traded up $0.61 during mid-day trading on Wednesday, hitting $132.56. The company had a trading volume of 34,007 shares, compared to its average volume of 72,496. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.37. Adidas has a 1-year low of $93.34 and a 1-year high of $133.01. The stock has a market capitalization of $52,645.05, a PE ratio of 33.49, a P/E/G ratio of 1.64 and a beta of 1.05.

Adidas (OTCMKTS:ADDYY) last released its earnings results on Wednesday, March 14th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.14. Adidas had a net margin of 5.07% and a return on equity of 22.20%. The business had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $6.08 billion. sell-side analysts expect that Adidas will post 4.83 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the stock. Fairfield Bush & CO. bought a new stake in shares of Adidas in the fourth quarter worth $288,000. NorthCoast Asset Management LLC increased its stake in Adidas by 24.1% during the fourth quarter. NorthCoast Asset Management LLC now owns 16,922 shares of the company’s stock valued at $1,698,000 after purchasing an additional 3,285 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Adidas by 6.0% during the third quarter. Parametric Portfolio Associates LLC now owns 310,794 shares of the company’s stock valued at $35,182,000 after purchasing an additional 17,631 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in Adidas during the fourth quarter valued at $2,446,000. Institutional investors and hedge funds own 0.14% of the company’s stock.

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Adidas Company Profile

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and hardware, such as bags and balls under the adidas, Reebok, and adidas Golf brands. The company is also involved in Y-3 label business activities; and the operation of Runtastic, a digital health and fitness space.

Analyst Recommendations for Adidas (OTCMKTS:ADDYY)

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