adidas AG (OTCMKTS:ADDYY) Announces $0.24 Dividend

adidas AG (OTCMKTS:ADDYY) announced a dividend on Wednesday, April 17th, NASDAQ reports. Stockholders of record on Monday, May 20th will be paid a dividend of 0.2394 per share on Wednesday, May 29th. The ex-dividend date of this dividend is Friday, May 17th.

adidas Price Performance

Shares of adidas stock opened at $117.23 on Thursday. The stock’s 50-day moving average is $104.57 and its 200-day moving average is $99.03. adidas has a one year low of $79.58 and a one year high of $118.07. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.66 and a current ratio of 1.22.

adidas (OTCMKTS:ADDYY) last issued its quarterly earnings results 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. Research analysts anticipate that adidas will post 1.71 earnings per share for the current year.

Analyst Ratings Changes

ADDYY has been the topic of several analyst reports. Morgan Stanley upgraded adidas from an “underweight” rating to an “overweight” rating in a report on Monday. Royal Bank of Canada upgraded adidas from a “sector perform” rating to an “outperform” rating in a report on Monday, February 5th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Institutional Trading of adidas

Several institutional investors and hedge funds have recently bought and sold shares of ADDYY. Rhumbline Advisers bought a new stake in adidas in the second quarter valued at approximately $809,000. Mar Vista Investment Partners LLC grew its position in shares of adidas by 12.6% in the first quarter. Mar Vista Investment Partners LLC now owns 35,590 shares of the company’s stock valued at $4,196,000 after purchasing an additional 3,993 shares during the last quarter. Comerica Bank acquired a new position in shares of adidas in the second quarter valued at approximately $247,000. Finally, PNC Financial Services Group Inc. grew its position in shares of adidas by 111.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,283 shares of the company’s stock valued at $151,000 after purchasing an additional 675 shares during the last quarter.

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.