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

Shares of adidas AG (OTCMKTS:ADDYY) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

ADDYY has been the subject of several analyst reports. HSBC cut shares of adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Barclays reaffirmed an “equal weight” rating on shares of adidas in a research report on Monday, September 9th.

adidas Stock Performance

Shares of adidas stock opened at $120.34 on Monday. adidas has a one year low of $88.03 and a one year high of $134.39. The business has a 50-day simple moving average of $120.11 and a 200-day simple moving average of $121.84. The company has a market cap of $42.97 billion, a PE ratio of 92.57 and a beta of 1.18.

adidas (OTCMKTS:ADDYY) last posted its earnings results on Tuesday, October 29th. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.25. The business had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.01 billion. adidas had a return on equity of 7.93% and a net margin of 1.91%. On average, sell-side analysts predict that adidas will post 2.15 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 increased its stake in shares of adidas AG (OTCMKTS:ADDYY) by 29.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 792 shares of the company’s stock after buying an additional 180 shares during the quarter. GAMMA Investing LLC’s holdings in adidas were worth $105,000 at the end of the most recent quarter.

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.