adidas (OTCMKTS:ADDYY - Get Free Report) was upgraded by Hsbc Global Res from a "hold" rating to a "strong-buy" rating in a note issued to investors on Wednesday, April 9th,Zacks.com reports.
Separately, Sanford C. Bernstein raised shares of adidas from a "market perform" rating to an "outperform" rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, adidas currently has a consensus rating of "Moderate Buy".
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adidas Trading Down 2.5 %
Shares of adidas stock traded down $2.81 during trading hours on Wednesday, hitting $111.26. The company's stock had a trading volume of 105,861 shares, compared to its average volume of 56,545. The firm has a fifty day moving average of $122.35 and a 200-day moving average of $123.15. 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 $39.73 billion, a price-to-earnings ratio of 85.58 and a beta of 1.14. adidas has a twelve month low of $99.40 and a twelve month high of $137.73.
Hedge Funds Weigh In On adidas
Several hedge funds have recently bought and sold shares of ADDYY. GAMMA Investing LLC boosted 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 valued at $109,000 after purchasing an additional 105 shares during the period. Rhumbline Advisers increased its position in shares of adidas by 7.9% during the first quarter. Rhumbline Advisers now owns 9,655 shares of the company's stock worth $1,139,000 after acquiring an additional 709 shares during the period. Mar Vista Investment Partners LLC grew its stake in adidas by 2.6% during the 4th 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. Finally, Madison Investment Advisors LLC acquired a new stake in adidas in the 4th quarter valued at about $2,437,000.
About adidas
(
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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.
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