ADIDAS AG/S (ADDYY) Reaches New 52-Week High at $144.44

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.

ADIDAS AG/S (OTCMKTS:ADDYY) last released its earnings results on Friday, May 3rd. The company reported $1.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.20. ADIDAS AG/S had a return on equity of 28.10% and a net margin of 8.05%. The company had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.53 billion. On average, sell-side analysts predict that ADIDAS AG/S will post 5.39 earnings per share for the current year.

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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