adidas AG (OTCMKTS:ADDYY) Receives Average Rating of “Moderate Buy” from Analysts

Shares of adidas AG (OTCMKTS:ADDYY) have been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company.

Separately, Sanford C. Bernstein upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a research report on Monday, January 6th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of adidas by 13.3% during the fourth quarter. GAMMA Investing LLC now owns 897 shares of the company’s stock worth $109,000 after purchasing an additional 105 shares during the period. Mar Vista Investment Partners LLC raised its position in shares of adidas by 2.6% in the fourth quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company’s stock valued at $3,556,000 after purchasing an additional 731 shares during the period. Finally, Madison Investment Advisors LLC bought a new position in shares of adidas in the fourth quarter valued at approximately $2,437,000.

adidas Stock Down 1.9 %

Shares of OTCMKTS:ADDYY opened at $126.70 on Tuesday. The company has a market cap of $45.24 billion, a price-to-earnings ratio of 97.46 and a beta of 1.19. The firm’s 50-day simple moving average is $128.29 and its 200-day simple moving average is $124.20. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.44. adidas has a fifty-two week low of $99.34 and a fifty-two week high of $137.73.

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.