adidas (OTCMKTS:ADDYY) Upgraded to “Buy” at Stifel Nicolaus

Stifel Nicolaus upgraded shares of adidas (OTCMKTS:ADDYY) from a hold rating to a buy rating in a research note released on Wednesday, MarketBeat Ratings reports.

Several other analysts have also weighed in on ADDYY. Royal Bank of Canada upgraded adidas from a sector perform rating to an outperform rating in a report on Monday, February 5th. Morgan Stanley upgraded adidas from an underweight rating to an overweight rating in a research note on Monday, April 15th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of Buy.

adidas Stock Down 0.5 %

Shares of ADDYY opened at $121.72 on Wednesday. adidas has a 1 year low of $79.58 and a 1 year high of $122.83. The business’s 50 day simple moving average is $107.33 and its 200-day simple moving average is $100.29. The company has a quick ratio of 0.66, a current ratio of 1.22 and a debt-to-equity ratio of 0.49.

adidas (OTCMKTS:ADDYY) last issued its quarterly earnings data on Wednesday, March 13th. The company reported ($1.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.36). adidas had a negative return on equity of 2.21% and a negative net margin of 0.33%. The firm had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Equities research analysts anticipate that adidas will post 1.82 EPS for the current year.

adidas Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 20th will be given a dividend of $0.2394 per share. The ex-dividend date of this dividend is Friday, May 17th. adidas’s payout ratio is -109.09%.

Hedge Funds Weigh In On adidas

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of adidas during the 4th quarter worth $45,000. Fisher Asset Management LLC boosted its position in adidas by 27.5% during the fourth quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock valued at $1,296,000 after purchasing an additional 2,749 shares in the last quarter. Capital Square LLC bought a new stake in adidas during the fourth quarter valued at about $1,405,000. Finally, Mar Vista Investment Partners LLC boosted its position in adidas by 8.0% during the fourth quarter. Mar Vista Investment Partners LLC now owns 27,044 shares of the company’s stock valued at $2,749,000 after purchasing an additional 2,000 shares in the last quarter.

adidas Company Profile

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.