adidas AG (OTCMKTS:ADDYY) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of adidas AG (OTCMKTS:ADDYY) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company.

ADDYY has been the topic of a number of recent research reports. HSBC cut shares of adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Sanford C. Bernstein upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a research note on Monday, January 6th.

Institutional Trading of adidas

A hedge fund recently raised its stake in adidas stock. GAMMA Investing LLC boosted its position in adidas AG (OTCMKTS:ADDYY) by 13.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 897 shares of the company’s stock after purchasing an additional 105 shares during the period. GAMMA Investing LLC’s holdings in adidas were worth $109,000 as of its most recent filing with the Securities & Exchange Commission.

adidas Stock Performance

Shares of ADDYY stock opened at $125.28 on Monday. The stock’s 50-day moving average is $120.66 and its two-hundred day moving average is $122.13. adidas has a 1 year low of $88.03 and a 1 year high of $134.39. The firm has a market cap of $44.74 billion, a price-to-earnings ratio of 96.37 and a beta of 1.18.

adidas (OTCMKTS:ADDYY) last released its quarterly earnings results on Tuesday, October 29th. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.25. adidas had a return on equity of 7.93% and a net margin of 1.91%. The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.01 billion. As a group, research analysts predict that adidas will post 2.15 EPS for the current year.

adidas Company Profile

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.