Adidas AG (OTCMKTS:ADDYY) Stock Has Consensus Target Price of $146.00 According to Brokerages

Adidas AG (OTCMKTS:ADDYY) has earned a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $146.00.

Several equities research analysts have recently commented on ADDYY shares. Robert W. Baird lowered shares of Adidas from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Telsey Advisory Group reissued an “outperform” rating on shares of Adidas in a report on Friday, July 31st. Morgan Stanley reissued an “overweight” rating on shares of Adidas in a report on Thursday, September 10th. UBS Group lowered shares of Adidas from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Adidas in a research report on Thursday, July 2nd. They set an “overweight” rating for the company.

Adidas Stock Up 3.4%

Adidas stock opened at $91.40 on Friday. Adidas has a one year low of $75.19 and a one year high of $118.00. The stock has a fifty day moving average of $85.60 and a 200 day moving average of $90.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.74 and a current ratio of 1.39. The stock has a market cap of $32.66 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 1.30 and a beta of 1.24.

Adidas (OTCMKTS:ADDYY) last announced its earnings results on Thursday, July 30th. The company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.16). The firm had revenue of $7.76 billion during the quarter, compared to analysts’ expectations of $7.55 billion. Adidas had a return on equity of 22.35% and a net margin of 5.30%. As a group, sell-side analysts predict that Adidas will post 5.08 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Adidas stock. Madison Asset Management LLC grew its holdings in shares of Adidas AG (OTCMKTS:ADDYY) by 7.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,125 shares of the company’s stock after acquiring an additional 1,582 shares during the period. Madison Asset Management LLC’s holdings in Adidas were worth $1,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Adidas

Adidas AG is a Germany-based global sporting goods company that designs, develops, markets and sells athletic footwear, apparel and accessories. Its products serve a broad range of sports and lifestyle categories, including running, football, basketball, training and outdoor activities, as well as casual and fashion-oriented markets.

Founded in 1949 by Adolf “Adi” Dassler, Adidas is headquartered in Herzogenaurach, Germany. The company sells products under the Adidas brand through wholesale partners, company-operated stores, e-commerce platforms and other direct-to-consumer channels.