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

Shares of adidas AG (OTCMKTS:ADDYY) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company.

Several equities analysts have recently weighed in on ADDYY shares. Hsbc Global Res raised shares of adidas from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 9th. Berenberg Bank raised shares of adidas to a “hold” rating in a research note on Tuesday, April 15th. Bank of America raised shares of adidas from a “neutral” rating to a “buy” rating in a research note on Thursday, April 24th. Piper Sandler began coverage on shares of adidas in a research note on Monday, May 5th. They issued an “overweight” rating on the stock. Finally, Baird R W upgraded shares of adidas from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 21st.

Institutional Investors Weigh In On adidas

Several hedge funds and other institutional investors have recently bought and sold shares of ADDYY. GAMMA Investing LLC increased its position in shares of adidas by 13,801.2% during the first quarter. GAMMA Investing LLC now owns 124,694 shares of the company’s stock valued at $14,710,000 after acquiring an additional 123,797 shares during the last quarter. Mar Vista Investment Partners LLC increased its position in shares of adidas by 2.6% during the fourth quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company’s stock valued at $3,556,000 after acquiring an additional 731 shares during the last quarter. Madison Investment Advisors LLC acquired a new stake in shares of adidas during the fourth quarter valued at about $2,437,000. Finally, Rhumbline Advisers increased its position in shares of adidas by 7.9% during the first quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock valued at $1,139,000 after acquiring an additional 709 shares during the last quarter.

adidas Stock Performance

ADDYY opened at $125.21 on Friday. The firm’s fifty day simple moving average is $117.16 and its two-hundred day simple moving average is $122.05. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.44. The company has a market cap of $44.71 billion, a price-to-earnings ratio of 96.32 and a beta of 1.24. adidas has a 52-week low of $99.40 and a 52-week high of $137.73.

adidas (OTCMKTS:ADDYY) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.01. The firm had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.33 billion. adidas had a net margin of 1.91% and a return on equity of 7.39%. Equities analysts anticipate that adidas will post 2.27 earnings per share for the current fiscal year.

About adidas

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.