ADIDAS AG/S (OTCMKTS:ADDYY)’s share price hit a new 52-week high on Tuesday . The company traded as high as $144.44 and last traded at $144.25, with a volume of 11595 shares. The stock had previously closed at $140.22.
A number of equities analysts recently weighed in on the company. Zacks Investment Research raised ADIDAS AG/S from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research note on Tuesday, May 14th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of ADIDAS AG/S in a research note on Thursday, January 24th. ValuEngine raised ADIDAS AG/S from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. Bryan, Garnier & Co cut ADIDAS AG/S from a “buy” rating to a “neutral” rating in a research note on Monday, May 6th. Finally, Credit Suisse Group cut ADIDAS AG/S from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. ADIDAS AG/S currently has a consensus rating of “Hold” and an average price target of $154.00.
The company has a quick ratio of 0.93, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. The company has a market cap of $57.30 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 1.76 and a beta of 0.91.
The firm also recently announced an annual dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Monday, May 13th will be paid a dividend of $1.338 per share. The ex-dividend date is Friday, May 10th. This represents a yield of 1.05%. ADIDAS AG/S’s dividend payout ratio (DPR) is presently 27.07%.
Large investors have recently added to or reduced their stakes in the business. Private Capital Group LLC lifted its holdings in shares of ADIDAS AG/S by 182.3% during the 1st quarter. Private Capital Group LLC now owns 1,101 shares of the company’s stock valued at $134,000 after buying an additional 711 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of ADIDAS AG/S during the 4th quarter valued at about $181,000. Park National Corp OH acquired a new stake in shares of ADIDAS AG/S during the 1st quarter valued at about $252,000. Hancock Whitney Corp lifted its holdings in shares of ADIDAS AG/S by 7.8% during the 4th quarter. Hancock Whitney Corp now owns 2,543 shares of the company’s stock valued at $265,000 after buying an additional 185 shares during the last quarter. Finally, Boston Common Asset Management LLC lifted its holdings in shares of ADIDAS AG/S by 29.5% during the 1st quarter. Boston Common Asset Management LLC now owns 2,895 shares of the company’s stock valued at $352,000 after buying an additional 660 shares during the last quarter. 0.13% of the stock is currently owned by institutional investors.
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About ADIDAS AG/S (OTCMKTS:ADDYY)
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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