adidas AG (OTCMKTS:ADDYY) Given Consensus Rating of "Moderate Buy" by Analysts

adidas AG (OTCMKTS:ADDYY - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company.

Several analysts have recently issued reports on ADDYY shares. Sanford C. Bernstein raised adidas from a "market perform" rating to an "outperform" rating in a report on Monday. Barclays reissued an "equal weight" rating on shares of adidas in a report on Monday, September 9th. Finally, HSBC downgraded shares of adidas from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd.

Institutional Investors Weigh In On adidas

A hedge fund recently raised its stake in adidas stock. GAMMA Investing LLC raised its stake in shares of adidas AG (OTCMKTS:ADDYY - Free Report) by 29.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 792 shares of the company's stock after purchasing an additional 180 shares during the period. GAMMA Investing LLC's holdings in adidas were worth $105,000 at the end of the most recent quarter.

adidas Trading Down 0.6 %

ADDYY stock traded down $0.77 during trading hours on Monday, hitting $120.34. 63,986 shares of the stock were exchanged, compared to its average volume of 49,929. adidas has a 12 month low of $88.03 and a 12 month high of $134.39. The firm has a market capitalization of $42.97 billion, a P/E ratio of 92.57 and a beta of 1.18. The company has a 50-day simple moving average of $120.21 and a two-hundred day simple moving average of $121.89.

adidas (OTCMKTS:ADDYY - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.25. adidas had a net margin of 1.91% and a return on equity of 7.93%. The business had revenue of $7.08 billion during the quarter, compared to analysts' expectations of $7.01 billion. On average, equities research analysts predict that adidas will post 2.15 earnings per share for the current year.

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.