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

adidas AG (OTCMKTS:ADDYY - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of equities analysts recently weighed in on the company. Sanford C. Bernstein raised adidas from a "market perform" rating to an "outperform" rating in a report on Monday, January 6th. Berenberg Bank raised shares of adidas to a "hold" rating in a research note on Tuesday, April 15th. Finally, Hsbc Global Res upgraded shares of adidas from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th.

adidas Price Performance

ADDYY traded up $1.19 during trading on Wednesday, reaching $112.55. The stock had a trading volume of 47,069 shares, compared to its average volume of 56,487. The business has a 50-day moving average of $121.17 and a 200-day moving average of $122.70. adidas has a one year low of $99.40 and a one year high of $137.73. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.32. The stock has a market cap of $40.19 billion, a PE ratio of 86.58 and a beta of 1.14.

Institutional Trading of adidas

A number of institutional investors have recently made changes to their positions in ADDYY. GAMMA Investing LLC increased its stake in shares of adidas by 13.3% in 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 period. Rhumbline Advisers increased its position in shares of adidas by 7.9% in the first quarter. Rhumbline Advisers now owns 9,655 shares of the company's stock valued at $1,139,000 after acquiring an additional 709 shares during the period. Mar Vista Investment Partners LLC raised its stake in shares of adidas by 2.6% during the fourth quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company's stock valued at $3,556,000 after acquiring an additional 731 shares during the last quarter. Finally, Madison Investment Advisors LLC purchased a new stake in shares of adidas during the fourth quarter worth about $2,437,000.

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.