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

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

A number of analysts have issued reports on ADDYY shares. Sanford C. Bernstein raised adidas from a “market perform” rating to an “outperform” rating in a research note on Monday, January 6th. HSBC lowered shares of adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd.

adidas Price Performance

ADDYY stock opened at $134.75 on Friday. The stock’s 50 day moving average price is $124.04 and its 200 day moving average price is $122.98. The firm has a market cap of $48.12 billion, a P/E ratio of 103.65 and a beta of 1.18. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.32. adidas has a 1 year low of $88.03 and a 1 year high of $135.82.

adidas (OTCMKTS:ADDYY) last announced its earnings results on Tuesday, October 29th. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.25. The firm had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.01 billion. adidas had a net margin of 1.91% and a return on equity of 7.39%. On average, sell-side analysts expect that adidas will post 2.21 earnings per share for the current fiscal year.

Institutional Trading of adidas

A hedge fund recently raised its stake in adidas stock. GAMMA Investing LLC grew its position in shares of adidas AG (OTCMKTS:ADDYY) by 29.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 792 shares of the company’s stock after buying an additional 180 shares during the period. GAMMA Investing LLC’s holdings in adidas were worth $105,000 as of its most recent SEC filing.

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.