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

Shares of Adidas AG (OTCMKTS:ADDYY) have been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $146.02.

ADDYY has been the topic of a number of research reports. Sanford C. Bernstein restated an “outperform” rating and set a $146.02 price target on shares of Adidas in a research report on Tuesday, January 6th. Bank of America reiterated an “underperform” rating on shares of Adidas in a report on Tuesday, January 6th. Santander initiated coverage on Adidas in a report on Thursday, January 15th. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adidas in a research report on Wednesday, December 10th. Finally, BTIG Research began coverage on shares of Adidas in a research report on Tuesday, October 14th. They set a “neutral” rating on the stock.

Hedge Funds Weigh In On Adidas

Large investors have recently added to or reduced their stakes in the business. Madison Asset Management LLC lifted its stake in Adidas by 10.3% in the fourth quarter. Madison Asset Management LLC now owns 22,543 shares of the company’s stock worth $2,228,000 after purchasing an additional 2,101 shares during the last quarter. Mar Vista Investment Partners LLC grew its stake in shares of Adidas by 4.0% during the second quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock valued at $3,550,000 after buying an additional 1,180 shares during the last quarter. Finally, Yousif Capital Management LLC increased its holdings in shares of Adidas by 9.4% in the second quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock worth $607,000 after buying an additional 450 shares during the period.

Adidas Stock Performance

Adidas stock opened at $91.71 on Tuesday. Adidas has a fifty-two week low of $84.03 and a fifty-two week high of $137.73. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.71 and a current ratio of 1.31. The stock has a market cap of $32.75 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 0.40 and a beta of 1.18. The firm’s fifty day moving average price is $93.97 and its 200-day moving average price is $98.62.

About Adidas

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.