adidas AG (OTCMKTS:ADDYY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of adidas AG (OTCMKTS:ADDYY) have been given an average recommendation of “Moderate Buy” by the nine research firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company.

Several analysts recently issued reports on ADDYY shares. Hsbc Global Res raised adidas from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 9th. Bank of America upgraded adidas from a “neutral” rating to a “buy” rating in a research note on Thursday, April 24th. Piper Sandler began coverage on shares of adidas in a research report on Monday, May 5th. They set an “overweight” rating for the company. Baird R W upgraded shares of adidas from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 21st. Finally, Berenberg Bank raised shares of adidas to a “hold” rating in a research note on Tuesday, April 15th.

Hedge Funds Weigh In On adidas

Several large investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in shares of adidas by 13.3% in the 4th quarter. GAMMA Investing LLC now owns 897 shares of the company’s stock worth $109,000 after buying an additional 105 shares in the last quarter. Rhumbline Advisers boosted its stake in adidas by 7.9% during the first quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock valued at $1,139,000 after buying an additional 709 shares in the last quarter. Mar Vista Investment Partners LLC raised its position in adidas by 2.6% in the fourth quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company’s stock worth $3,556,000 after acquiring an additional 731 shares in the last quarter. Finally, Madison Investment Advisors LLC acquired a new stake in adidas in the 4th quarter valued at about $2,437,000.

adidas Stock Up 0.5 %

Shares of OTCMKTS:ADDYY opened at $117.67 on Friday. The company’s fifty day moving average is $117.42 and its two-hundred day moving average is $121.97. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.32. adidas has a 1-year low of $99.40 and a 1-year high of $137.73. The stock has a market capitalization of $42.02 billion, a price-to-earnings ratio of 90.51 and a beta of 1.24.

adidas (OTCMKTS:ADDYY) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.01. adidas had a net margin of 1.91% and a return on equity of 7.39%. The firm had revenue of $7 billion for the quarter, compared to analyst estimates of $6.33 billion. Equities analysts anticipate that adidas will post 2.27 EPS for the current 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.