adidas (OTCMKTS:ADDYY) Upgraded at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of adidas (OTCMKTS:ADDYY) from a market perform rating to an outperform rating in a research report report published on Monday morning, Marketbeat Ratings reports.

Several other analysts also recently commented on the stock. Barclays restated an “equal weight” rating on shares of adidas in a report on Monday, September 9th. HSBC downgraded shares of adidas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, adidas has an average rating of “Moderate Buy”.

adidas Stock Up 0.6 %

Shares of ADDYY stock opened at $126.14 on Monday. adidas has a 12-month low of $88.03 and a 12-month high of $134.39. The firm has a fifty day moving average of $120.45 and a 200-day moving average of $121.98. The firm has a market capitalization of $45.04 billion, a price-to-earnings ratio of 97.03 and a beta of 1.18.

adidas (OTCMKTS:ADDYY) last posted its earnings results on Tuesday, October 29th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.25. The firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.01 billion. adidas had a return on equity of 7.93% and a net margin of 1.91%. Research analysts expect that adidas will post 2.15 earnings per share for the current year.

Institutional Trading of adidas

An institutional investor recently raised its position in adidas stock. GAMMA Investing LLC lifted its stake in shares of adidas AG (OTCMKTS:ADDYY) by 13.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 897 shares of the company’s stock after purchasing an additional 105 shares during the period. GAMMA Investing LLC’s holdings in adidas were worth $109,000 at the end of the most recent quarter.

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.