Adidas AG (OTCMKTS:ADDYY) Receives $146.02 Average Target Price from Analysts

Adidas AG (OTCMKTS:ADDYY) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $146.02.

Several equities analysts recently commented on the company. Piper Sandler reissued an “overweight” rating on shares of Adidas in a report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adidas in a research report on Tuesday, June 30th. JPMorgan Chase & Co. started coverage on Adidas in a research report on Thursday, July 2nd. They set an “overweight” rating on the stock. Royal Bank Of Canada upgraded Adidas from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, June 10th. Finally, Zacks Research raised Adidas from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Adidas stock. Madison Asset Management LLC increased its stake in shares of Adidas AG (OTCMKTS:ADDYY) by 7.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 quarter.

Adidas Trading Down 0.1%

OTCMKTS ADDYY opened at $104.50 on Friday. Adidas has a 52 week low of $75.19 and a 52 week high of $120.33. The firm has a 50 day moving average of $97.06 and a two-hundred day moving average of $90.51. The company has a quick ratio of 0.71, a current ratio of 1.35 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $37.34 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 1.38 and a beta of 1.24.

Adidas (OTCMKTS:ADDYY) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. The business had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.36 billion. Adidas had a net margin of 5.52% and a return on equity of 22.97%. As a group, research analysts expect that Adidas will post 5.48 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.