adidas AG (OTCMKTS:ADDYY) Short Interest Update

adidas AG (OTCMKTS:ADDYY) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 10,700 shares, an increase of 7.0% from the March 31st total of 10,000 shares. Based on an average daily volume of 46,100 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ADDYY. Morgan Stanley upgraded shares of adidas from an “underweight” rating to an “overweight” rating in a research note on Monday, April 15th. Stifel Nicolaus raised adidas from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Finally, Royal Bank of Canada raised adidas from a “sector perform” rating to an “outperform” rating in a research note on Monday, February 5th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

adidas Stock Performance

Shares of OTCMKTS:ADDYY opened at $125.54 on Tuesday. The company has a 50 day moving average price of $109.07 and a two-hundred day moving average price of $101.09. 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 has a 52 week low of $79.58 and a 52 week high of $125.54.

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

adidas Cuts Dividend

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

Institutional Investors Weigh In On adidas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADDYY. Fisher Asset Management LLC raised its stake in adidas by 27.5% in the 4th quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock valued at $1,296,000 after acquiring an additional 2,749 shares during the period. Mar Vista Investment Partners LLC increased 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 worth $2,749,000 after acquiring an additional 2,000 shares during the period. GAMMA Investing LLC acquired a new position in shares of adidas during the 4th quarter worth approximately $45,000. Finally, Capital Square LLC acquired a new stake in shares of adidas in the fourth quarter valued at approximately $1,405,000.

About adidas

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.