adidas (OTCMKTS:ADDYY) Rating Increased to Hold at Berenberg Bank

Berenberg Bank upgraded shares of adidas (OTCMKTS:ADDYY) to a hold rating in a research note published on Tuesday,Zacks.com reports.

A number of other research firms have also recently commented on ADDYY. Sanford C. Bernstein upgraded adidas from a “market perform” rating to an “outperform” rating in a report on Monday, January 6th. Hsbc Global Res raised adidas from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, adidas has an average rating of “Moderate Buy”.

adidas Stock Performance

OTCMKTS:ADDYY opened at $112.55 on Tuesday. The company’s 50-day moving average is $121.56 and its two-hundred day moving average is $122.93. adidas has a 1-year low of $99.40 and a 1-year high of $137.73. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.32 and a quick ratio of 0.78. The firm has a market capitalization of $40.19 billion, a price-to-earnings ratio of 86.58 and a beta of 1.14.

Hedge Funds Weigh In On adidas

A number of hedge funds have recently made changes to their positions in ADDYY. GAMMA Investing LLC lifted its stake in 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 in the last quarter. Rhumbline Advisers grew its stake in shares of adidas by 7.9% in the first quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock valued at $1,139,000 after buying an additional 709 shares in the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of adidas in the 4th quarter valued at $2,437,000. Finally, Mar Vista Investment Partners LLC lifted its stake in adidas by 2.6% during the 4th quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company’s stock worth $3,556,000 after acquiring an additional 731 shares in the last quarter.

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.