adidas AG (OTCMKTS:ADDYY) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of adidas AG (OTCMKTS:ADDYY) by 13.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 897 shares of the company’s stock after buying an additional 105 shares during the period. GAMMA Investing LLC’s holdings in adidas were worth $109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

adidas Stock Down 0.7 %

Shares of ADDYY stock opened at $125.28 on Friday. adidas AG has a 52 week low of $88.03 and a 52 week high of $134.39. The stock has a market capitalization of $44.74 billion, a PE ratio of 96.37 and a beta of 1.18. The firm has a 50 day moving average of $120.66 and a two-hundred day moving average of $122.07.

adidas (OTCMKTS:ADDYY) last issued 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. adidas had a net margin of 1.91% and a return on equity of 7.93%. The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.01 billion. Analysts expect that adidas AG will post 2.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on ADDYY. Sanford C. Bernstein raised shares of adidas from a “market perform” rating to an “outperform” rating in a research report on Monday, January 6th. HSBC cut shares of adidas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, adidas has a consensus rating of “Moderate Buy”.

adidas Company 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.