adidas AG (OTCMKTS:ADDYY) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of adidas AG (OTCMKTS:ADDYY) have received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

Several brokerages recently issued reports on ADDYY. HSBC cut adidas from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Barclays restated an “equal weight” rating on shares of adidas in a research note on Monday, September 9th.

Institutional Trading of adidas

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of adidas by 29.4% during the 3rd quarter. GAMMA Investing LLC now owns 792 shares of the company’s stock worth $105,000 after purchasing an additional 180 shares during the last quarter. Capital Square LLC purchased a new position in shares of adidas during the 2nd quarter worth $1,616,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of adidas during the 2nd quarter valued at about $4,809,000.

adidas Price Performance

Shares of ADDYY opened at $126.23 on Thursday. The firm has a market capitalization of $45.08 billion, a price-to-earnings ratio of 97.10 and a beta of 1.20. adidas has a 1-year low of $88.03 and a 1-year high of $134.39. The company has a 50-day moving average of $120.40 and a 200 day moving average of $121.87.

adidas (OTCMKTS:ADDYY) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.09 by $0.25. The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.01 billion. adidas had a return on equity of 7.93% and a net margin of 1.91%. On average, equities analysts anticipate that adidas will post 2.15 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.