Analysts Set Adidas AG (OTCMKTS:ADDYY) Target Price at $146.02

Adidas AG (OTCMKTS:ADDYY) has earned an average rating of “Hold” from the nine analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $146.02.

Several equities research analysts have weighed in on the company. Citigroup reissued a “buy” rating on shares of Adidas in a report on Tuesday, February 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Adidas in a report on Tuesday, May 5th. Finally, Zacks Research raised Adidas from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th.

Institutional Investors Weigh In On Adidas

An institutional investor recently raised its position in Adidas stock. Madison Asset Management LLC boosted its stake in shares of Adidas AG (OTCMKTS:ADDYY) by 7.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,125 shares of the company’s stock after acquiring an additional 1,582 shares during the quarter. Madison Asset Management LLC’s holdings in Adidas were worth $1,935,000 at the end of the most recent reporting period.

Adidas Price Performance

Shares of OTCMKTS ADDYY opened at $89.62 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.68 and a current ratio of 1.32. The company has a market cap of $32.02 billion, a PE ratio of 19.74, a P/E/G ratio of 1.23 and a beta of 1.22. The business has a 50-day simple moving average of $82.14 and a two-hundred day simple moving average of $88.72. Adidas has a fifty-two week low of $75.19 and a fifty-two week high of $126.59.

Adidas (OTCMKTS:ADDYY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.05. The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.36 billion. Adidas had a return on equity of 23.53% and a net margin of 5.52%. As a group, equities analysts expect that Adidas will post 5.46 EPS for the current fiscal year.

About Adidas

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.