Berenberg Bank upgraded shares of adidas (OTCMKTS:ADDYY - Free Report) to a hold rating in a research report report published on Tuesday, April 15th,Zacks.com reports.
ADDYY has been the topic of several other research reports. Sanford C. Bernstein upgraded adidas from a "market perform" rating to an "outperform" rating in a report on Monday, January 6th. Hsbc Global Res upgraded shares of adidas from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".
View Our Latest Research Report on adidas
adidas Trading Down 0.1 %
Shares of OTCMKTS:ADDYY traded down $0.11 during mid-day trading on Tuesday, hitting $112.44. The company had a trading volume of 56,196 shares, compared to its average volume of 56,520. 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 current ratio of 1.32 and a quick ratio of 0.78. The company has a market capitalization of $40.15 billion, a PE ratio of 86.49 and a beta of 1.14. The firm has a fifty day moving average price of $120.70 and a 200 day moving average price of $122.57.
Institutional Trading of adidas
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings 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 in the last quarter. Rhumbline Advisers boosted its stake in adidas by 7.9% during the first quarter. Rhumbline Advisers now owns 9,655 shares of the company's stock valued at $1,139,000 after buying an additional 709 shares during the period. Madison Investment Advisors LLC purchased a new stake in shares of adidas in the 4th quarter valued at about $2,437,000. Finally, Mar Vista Investment Partners LLC grew its holdings 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 worth $3,556,000 after purchasing an additional 731 shares in the last quarter.
About adidas
(
Get Free Report)
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.
Featured Articles
Before you consider adidas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and adidas wasn't on the list.
While adidas currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
