adidas (OTCMKTS:ADDYY) Upgraded to “Hold” at Berenberg Bank

adidas (OTCMKTS:ADDYY) was upgraded by stock analysts at Berenberg Bank to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also weighed in on the stock. Sanford C. Bernstein raised shares of adidas from a “market perform” rating to an “outperform” rating in a research note on Monday, January 6th. Hsbc Global Res upgraded adidas from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

adidas Price Performance

OTCMKTS ADDYY opened at $111.36 on Tuesday. 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 52-week low of $99.40 and a 52-week high of $137.73. The business has a 50 day simple moving average of $121.97 and a 200 day simple moving average of $123.07. The stock has a market cap of $39.77 billion, a price-to-earnings ratio of 85.66 and a beta of 1.14.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in adidas by 13.3% during the fourth quarter. GAMMA Investing LLC now owns 897 shares of the company’s stock worth $109,000 after buying an additional 105 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of adidas by 7.9% in 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 during the period. Mar Vista Investment Partners LLC grew 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 purchasing an additional 731 shares during the period. Finally, Madison Investment Advisors LLC acquired a new position in adidas during the fourth quarter worth approximately $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.