Zacks Investment Research upgraded shares of ADIDAS AG/S (OTCMKTS:ADDYY) from a hold rating to a buy rating in a research report released on Tuesday morning, Zacks.com reports. The brokerage currently has $154.00 target price on the stock.
According to Zacks, “Adidas is a leading brand in the sporting goods market with strong positions in footwear, apparel and hardware. Adidas products offer technological innovations and cutting-edge designs to athletes of all skill levels who aspire to achieve peak performance. The adidas brand is structured in three divisions: Forever Sport, Originals and adidas Equipment. “
Other analysts have also recently issued reports about the stock. Bryan, Garnier & Co cut shares of ADIDAS AG/S from a buy rating to a neutral rating in a research note on Monday, May 6th. ValuEngine raised shares of ADIDAS AG/S from a hold rating to a buy rating in a research note on Saturday, May 4th. Credit Suisse Group cut shares of ADIDAS AG/S from an outperform rating to a neutral rating in a research note on Thursday, April 25th. Societe Generale began coverage on shares of ADIDAS AG/S in a research note on Wednesday, March 20th. They set a hold rating on the stock. Finally, Wells Fargo & Co raised shares of ADIDAS AG/S from a market perform rating to an outperform rating in a research note on Monday, February 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $154.00.
ADIDAS AG/S (OTCMKTS:ADDYY) last issued its quarterly earnings data on Friday, May 3rd. The company reported $1.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.20. The firm had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.53 billion. ADIDAS AG/S had a net margin of 8.05% and a return on equity of 28.10%. As a group, equities analysts anticipate that ADIDAS AG/S will post 5.39 EPS for the current year.
The firm also recently disclosed an annual dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Monday, May 13th will be paid a $1.338 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a yield of 1.05%. ADIDAS AG/S’s payout ratio is presently 27.07%.
Hedge funds have recently made changes to their positions in the business. Private Capital Group LLC boosted its stake in ADIDAS AG/S by 182.3% in the first quarter. Private Capital Group LLC now owns 1,101 shares of the company’s stock valued at $134,000 after acquiring an additional 711 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in ADIDAS AG/S in the fourth quarter valued at approximately $181,000. Park National Corp OH bought a new position in ADIDAS AG/S in the first quarter valued at approximately $252,000. Hancock Whitney Corp boosted its stake in ADIDAS AG/S by 7.8% in the fourth quarter. Hancock Whitney Corp now owns 2,543 shares of the company’s stock valued at $265,000 after acquiring an additional 185 shares during the last quarter. Finally, Boston Common Asset Management LLC boosted its stake in ADIDAS AG/S by 29.5% in the first quarter. Boston Common Asset Management LLC now owns 2,895 shares of the company’s stock valued at $352,000 after acquiring an additional 660 shares during the last quarter. 0.13% of the stock is currently owned by hedge funds and other institutional investors.
ADIDAS AG/S Company Profile
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. The company operates in 10 segments: Europe, North America Adidas, North America Reebok, Asia-Pacific, Latin America, Emerging Markets, Russia/CIS, Adidas Golf, Runtastic, and Other Centrally Managed Businesses.
Read More: Intrinsic Value and Stock Selection
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ADIDAS AG/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ADIDAS AG/S and related companies with MarketBeat.com's FREE daily email newsletter.