adidas (OTCMKTS:ADDYY) PT Lowered to €260.00

adidas (OTCMKTS:ADDYYGet Rating) had its target price decreased by JPMorgan Chase & Co. from €290.00 ($305.26) to €260.00 ($273.68) in a report issued on Tuesday morning, The Fly reports.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird raised adidas from a neutral rating to an outperform rating in a report on Friday, March 25th. HSBC raised adidas from a hold rating to a buy rating in a research note on Friday, March 11th. Deutsche Bank Aktiengesellschaft lowered their target price on adidas from €340.00 ($357.89) to €315.00 ($331.58) in a research note on Friday, March 11th. Royal Bank of Canada lowered their target price on adidas from €300.00 ($315.79) to €265.00 ($278.95) and set an outperform rating for the company in a research note on Monday, May 9th. Finally, Sanford C. Bernstein initiated coverage on adidas in a research note on Monday, March 14th. They issued an outperform rating for the company. Three research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Buy and an average target price of $256.56.

ADDYY stock opened at $94.77 on Tuesday. The business has a fifty day moving average price of $108.86 and a 200 day moving average price of $131.31. adidas has a fifty-two week low of $90.25 and a fifty-two week high of $199.44. The stock has a market capitalization of $36.97 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 1.02 and a beta of 0.96. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.56 and a quick ratio of 1.11.

adidas (OTCMKTS:ADDYYGet Rating) last released its quarterly earnings results on Wednesday, March 9th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.19. adidas had a return on equity of 15.89% and a net margin of 9.64%. The firm had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.83 billion. On average, equities analysts expect that adidas will post 4.88 earnings per share for the current fiscal year.

The company also recently declared a dividend, which will be paid on Monday, May 23rd. Stockholders of record on Monday, May 16th will be issued a $1.2952 dividend. The ex-dividend date is Friday, May 13th. This represents a dividend yield of 1.4%. adidas’s dividend payout ratio (DPR) is 21.10%.

Institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in shares of adidas by 78.7% in the third quarter. PNC Financial Services Group Inc. now owns 520 shares of the company’s stock valued at $82,000 after acquiring an additional 229 shares during the last quarter. Private Capital Group LLC increased its position in shares of adidas by 14.6% in the first quarter. Private Capital Group LLC now owns 713 shares of the company’s stock valued at $84,000 after acquiring an additional 91 shares during the last quarter. Captrust Financial Advisors increased its position in shares of adidas by 11.8% in the third quarter. Captrust Financial Advisors now owns 1,423 shares of the company’s stock valued at $225,000 after acquiring an additional 150 shares during the last quarter. Laffer Tengler Investments increased its position in shares of adidas by 30.5% in the third quarter. Laffer Tengler Investments now owns 1,817 shares of the company’s stock valued at $287,000 after acquiring an additional 425 shares during the last quarter. Finally, Capital Square LLC increased its position in shares of adidas by 61.1% in the fourth quarter. Capital Square LLC now owns 2,110 shares of the company’s stock valued at $311,000 after acquiring an additional 800 shares during the last quarter. Institutional investors own 0.04% of the company’s stock.

About adidas (Get Rating)

adidas AG, together with its subsidiaries, designs, develops, distributes, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and accessories and gear, such as bags and balls under the adidas brand. It sells its products through approximately 2,200 own-retail stores; mono-branded franchise stores and shop-in-shops; and wholesale and its e-commerce channels.

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