adidas AG (OTCMKTS:ADDYY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

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

Several research firms recently weighed in on ADDYY. HSBC lowered shares of adidas from a “buy” rating to a “hold” rating in a report on Wednesday. Telsey Advisory Group upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 17th. Finally, Barclays restated an “equal weight” rating on shares of adidas in a report on Monday, September 9th.

Institutional Investors Weigh In On adidas

A number of institutional investors have recently modified their holdings of the business. GAMMA Investing LLC grew its position in shares of adidas by 29.4% during the 3rd quarter. GAMMA Investing LLC now owns 792 shares of the company’s stock valued at $105,000 after buying an additional 180 shares during the last quarter. Capital Square LLC bought a new position in adidas in the 2nd quarter worth about $1,616,000. Finally, Hantz Financial Services Inc. bought a new position in adidas in the 2nd quarter worth about $4,809,000.

adidas Stock Performance

ADDYY stock opened at $116.89 on Wednesday. The stock has a market capitalization of $44.79 billion, a P/E ratio of 278.29 and a beta of 1.21. adidas has a one year low of $84.71 and a one year high of $134.39. The company has a 50 day moving average price of $124.39 and a two-hundred day moving average price of $121.91.

adidas (OTCMKTS:ADDYY) last released its earnings results on Wednesday, July 31st. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.11). adidas had a return on equity of 3.75% and a net margin of 1.10%. The firm had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.35 billion. Research analysts forecast that adidas will post 1.97 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.