ADIDAS AG/S (ADDYY) Stock Rating Lowered by Credit Suisse Group

Credit Suisse Group downgraded shares of ADIDAS AG/S (OTCMKTS:ADDYY) from an outperform rating to a neutral rating in a research note published on Thursday, The Fly reports.

Other equities analysts have also issued reports about the company. ValuEngine raised ADIDAS AG/S from a hold rating to a buy rating in a report on Tuesday, January 15th. Zacks Investment Research raised ADIDAS AG/S from a sell rating to a hold rating in a report on Thursday, January 24th. Societe Generale assumed coverage on ADIDAS AG/S in a report on Wednesday, March 20th. They issued a hold rating for the company. Telsey Advisory Group reaffirmed a market perform rating on shares of ADIDAS AG/S in a report on Thursday, January 24th. Finally, UBS Group reaffirmed a neutral rating on shares of ADIDAS AG/S in a report on Friday, February 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $131.00.

Shares of OTCMKTS ADDYY opened at $127.97 on Thursday. ADIDAS AG/S has a 1-year low of $101.48 and a 1-year high of $130.95. The firm has a market cap of $50.97 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 1.59 and a beta of 0.91. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.51 and a quick ratio of 1.01.

ADIDAS AG/S (OTCMKTS:ADDYY) last announced its quarterly earnings data on Wednesday, February 13th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. ADIDAS AG/S had a return on equity of 26.42% and a net margin of 7.80%. The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $5.97 billion. Analysts anticipate that ADIDAS AG/S will post 5.37 earnings per share for the current year.

The business also recently declared an annual dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Monday, May 13th will be issued a $1.338 dividend. This represents a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, May 10th. ADIDAS AG/S’s payout ratio is currently 22.63%.

Several institutional investors have recently bought and sold shares of the company. Private Capital Group LLC boosted its holdings in shares of ADIDAS AG/S by 182.3% in the first quarter. Private Capital Group LLC now owns 1,101 shares of the company’s stock worth $134,000 after acquiring an additional 711 shares during the period. Park National Corp OH bought a new position in shares of ADIDAS AG/S in the first quarter worth $252,000. Hancock Whitney Corp boosted its holdings in shares of ADIDAS AG/S by 7.8% in the fourth quarter. Hancock Whitney Corp now owns 2,543 shares of the company’s stock worth $265,000 after acquiring an additional 185 shares during the period. PNC Financial Services Group Inc. bought a new position in shares of ADIDAS AG/S in the fourth quarter worth $181,000. Finally, NorthCoast Asset Management LLC bought a new position in shares of ADIDAS AG/S in the fourth quarter worth $2,184,000. 0.13% of the stock is 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.

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Analyst Recommendations for ADIDAS AG/S (OTCMKTS:ADDYY)

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