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

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

Separately, Sanford C. Bernstein upgraded adidas from a “market perform” rating to an “outperform” rating in a research note on Monday, January 6th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in shares of adidas by 13.3% in the fourth quarter. GAMMA Investing LLC now owns 897 shares of the company’s stock valued at $109,000 after purchasing an additional 105 shares during the period. Madison Investment Advisors LLC purchased a new stake in adidas in the fourth quarter valued at approximately $2,437,000. Finally, Mar Vista Investment Partners LLC increased its holdings in adidas by 2.6% in the 4th quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company’s stock worth $3,556,000 after buying an additional 731 shares during the period.

adidas Stock Up 0.4 %

OTCMKTS:ADDYY opened at $120.02 on Friday. The company has a market cap of $42.86 billion, a price-to-earnings ratio of 92.32 and a beta of 1.18. adidas has a twelve month low of $103.71 and a twelve month high of $137.73. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The stock has a fifty day simple moving average of $128.28 and a 200-day simple moving average of $124.31.

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.