GAMMA Investing LLC Grows Stake in adidas AG (OTCMKTS:ADDYY)

GAMMA Investing LLC grew its position in adidas AG (OTCMKTS:ADDYY) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 897 shares of the company’s stock after purchasing an additional 105 shares during the quarter. GAMMA Investing LLC’s holdings in adidas were worth $109,000 at the end of the most recent reporting period.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ADDYY. HSBC downgraded shares of adidas from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Sanford C. Bernstein upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

adidas Trading Down 0.7 %

Shares of adidas stock opened at $125.28 on Friday. The firm has a market capitalization of $44.74 billion, a PE ratio of 96.37 and a beta of 1.18. adidas AG has a twelve month low of $88.03 and a twelve month high of $134.39. The firm’s 50-day moving average price is $120.66 and its 200 day moving average price is $122.07.

adidas (OTCMKTS:ADDYY) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 1.91% and a return on equity of 7.93%. On average, sell-side analysts predict that adidas AG will post 2.15 EPS for the current fiscal year.

adidas 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.