adidas (OTCMKTS:ADDYY) Rating Increased to Strong-Buy at Hsbc Global Res

Hsbc Global Res upgraded shares of adidas (OTCMKTS:ADDYY) from a hold rating to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.

Separately, Sanford C. Bernstein upgraded adidas from a “market perform” rating to an “outperform” rating in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

adidas Trading Down 2.6 %

adidas stock traded down $3.00 during trading hours on Wednesday, reaching $110.51. 106,086 shares of the company’s stock were exchanged, compared to its average volume of 46,753. The firm has a market capitalization of $39.46 billion, a PE ratio of 85.01 and a beta of 1.14. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.44. The firm’s 50 day simple moving average is $123.41 and its 200 day simple moving average is $123.44. adidas has a twelve month low of $99.40 and a twelve month high of $137.73.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of adidas by 13.3% during the fourth quarter. GAMMA Investing LLC now owns 897 shares of the company’s stock valued at $109,000 after acquiring an additional 105 shares in the last quarter. Rhumbline Advisers increased its stake in adidas by 7.9% during the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock valued at $1,139,000 after purchasing an additional 709 shares in the last quarter. Mar Vista Investment Partners LLC raised its holdings in adidas by 2.6% during the fourth 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 last quarter. Finally, Madison Investment Advisors LLC bought a new stake in shares of adidas during the fourth quarter worth about $2,437,000.

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.