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

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

Several analysts have issued reports on the company. 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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in adidas by 23.9% during the 2nd quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock worth $73,000 after buying an additional 118 shares during the last quarter. Capital Square LLC acquired a new position in shares of adidas during the second quarter valued at $1,616,000. Finally, Hantz Financial Services Inc. bought a new position in shares of adidas during the second quarter worth about $4,809,000.

adidas Price Performance

ADDYY stock opened at $113.19 on Friday. The firm has a 50 day simple moving average of $122.47 and a 200-day simple moving average of $122.15. adidas has a twelve month low of $88.03 and a twelve month high of $134.39.

adidas (OTCMKTS:ADDYY) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.25. The company had revenue of $7.08 billion during 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, equities analysts anticipate that adidas will post 2.06 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.