This is a decrease of -56% compared to the previous 30 days.

This is a decrease of -56% compared to the previous 30 days. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. ADDYY stock forecast Please log in to your account or sign up in order to add this asset to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist.

Since the start of the year, https://dotbig.com/ has lost 66.02% of its value. The Balenciaga brand’s parent company, Kering, also cut ties with Ye last month.

Financials

YouTube icon A play button in the shape of a television screen. Adidas is in the Consumer Discretionary sector and Textiles, Apparel & Luxury Goods industry. From Yeezys, Ultra Boost, and DotBig NMDs, we’ve got every adidas silhouette, every colorway, in every size. When compared to Adidas, the financial hit of parting ways with Ye likely won’t be as significant for Balenciaga.

The score provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure. When investing in stocks, the headlines can make a big difference, marketplace sentiment cannot be underestimated.

Business

With increasing pressure, Adidas ended its deal with Kanye West. Since 2013, the company has been selling Yeezy-branded products. One of the most popular products was the Yeezy-branded shoe. When a brand is tied to negative headlines, the expectation is that sales will suffer. At the very least, a brand tied to bad press often has to make significant changes to regain the goodwill of shoppers. I cover breaking news with a focus on markets and sports business.

• Our artificial intelligence scours the markets for the best investments for all manner of risk tolerances and economic situations.
• Then, it bundles them up in handy Investment Kits that make investing simple and – dare we say it – fun.
• As an investor, this loss in potential profits is concerning.
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• West made $220 million per year from the Adidas partnership, according to our estimates, while Rorsted brought home about $8 million last year.

The latest collaboration hit the market in February, but it’s unclear exactly how much financial damage Balenciaga will incur by cutting ties. In reality, the fashion house works much more closely with West’s ex-wife, Kim Kardashian. Shareholders of record on Monday, May 16th will be Adidas stock paid a dividend of $1.2952 per share on Monday, May 23rd. The ex-dividend date of this dividend is Friday, May 13th. Based on earnings estimates, adidas will have a dividend payout ratio of 61.08% next year. This indicates that adidas will be able to sustain or increase its dividend.

But for many investors, there isn’t room in their calendar to watch the news like a hawk and make appropriate changes to a well-rounded investment portfolio. If you don’t have the time or inclination to keep up with the headlines, then consider harnessing the power of artificial intelligence to monitor market ADDYY changes for you. 0.03% of the outstanding shares of adidas have been sold short. Represents the company’s profit divided by the outstanding shares of its common stock. Our artificial intelligence scours the markets for the best investments for all manner of risk tolerances and economic situations.

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A hold rating indicates that analysts believe investors should maintain any existing positions they have in ADDYY, but not buy additional shares or sell existing shares. Q.ai helps you invest like the pros with advanced investment https://dotbig.com/ strategies that combine human ingenuity with AI technology. Our strategies, packaged into Investment Kits, identify trends and predict market changes, ultimately helping investors manage risk and maximize returns.

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. MarketBeat has tracked 4 news articles for adidas this week, compared to 3 articles on an average week. Adidas pays a meaningful dividend of 1.93%, higher than the bottom 25% of all stocks that pay dividends. However, the 3% drop only represents a small fraction of the stock price’s fall over the last year.

A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares. Intraday Data provided by FACTSET and subject to terms of use. Historical and current end-of-day https://dotbig.com/markets/stocks/ADDYY/ data provided by FACTSET. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.

Private Companies

P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. 8 people have added adidas to their MarketBeat watchlist in the last 30 days. This is an increase of 167% compared to the previous 30 days. MarketBeat has tracked 30 reddit mentions for adidas this week, compared to 3 mentions on an average week. Adidas does not have a long track record of dividend growth. Short interest in adidas has recently increased by 25.47%, indicating that investor sentiment is decreasing significantly.

Real-time analyst ratings, insider transactions, earnings data, and more. 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 DotBig through approximately 2,200 own-retail stores; mono-branded franchise stores and shop-in-shops; and wholesale and its e-commerce channels. The company was formerly known as adidas-Salomon AG and changed its name to adidas AG in June 2006. Adidas AG was founded in 1920 and is headquartered in Herzogenaurach, Germany.

Adidas Parts Ways with Kanye West. Why This Analyst Downgraded the Stock.

With this announcement, the brand is ceasing to work on any projects tied to the artist. That’s a big hit to the company’s bottom line, but Adidas plans to address the potential declines in the quarterly earnings announcement scheduled for early November. In any case, the marketplace will not be kind to companies that get caught up with racist behavior https://dotbig.com/markets/stocks/ADDYY/ — especially if the company is unwilling or unable to make a change. One share of ADDYY stock can currently be purchased for approximately $62.10. Adidas’ stock is owned by a number of institutional and retail investors. Sign-up to receive the latest news and ratings for adidas and its competitors with MarketBeat’s FREE daily newsletter.