adidas (OTCMKTS:ADDYY) Rating Increased to Outperform at Sanford C. Bernstein

adidas (OTCMKTS:ADDYY - Get Free Report) was upgraded by investment analysts at Sanford C. Bernstein from a "market perform" rating to an "outperform" rating in a report issued on Monday, MarketBeat Ratings reports.

A number of other equities research analysts have also recently weighed in on ADDYY. Barclays restated an "equal weight" rating on shares of adidas in a report on Monday, September 9th. HSBC cut adidas from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

adidas Stock Performance

Shares of adidas stock traded down $0.77 during midday trading on Monday, reaching $120.34. 63,986 shares of the company's stock traded hands, compared to its average volume of 49,929. The company has a market cap of $42.97 billion, a PE ratio of 92.57 and a beta of 1.18. The stock has a 50 day moving average of $120.11 and a 200-day moving average of $121.88. adidas has a 12 month low of $88.03 and a 12 month high of $134.39.

adidas (OTCMKTS:ADDYY - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $1.34 EPS 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 firm had revenue of $7.08 billion during the quarter, compared to analysts' expectations of $7.01 billion. On average, equities analysts anticipate that adidas will post 2.15 earnings per share for the current fiscal year.

Institutional Trading of adidas

A hedge fund recently raised its stake in adidas stock. GAMMA Investing LLC boosted its position in adidas AG (OTCMKTS:ADDYY - Free Report) by 29.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. 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 as of its most recent SEC filing.

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.