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.
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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