adidas (OTCMKTS:ADDYY) Upgraded at Baird R W

adidas (OTCMKTS:ADDYY - Get Free Report) was upgraded by analysts at Baird R W from a "hold" rating to a "strong-buy" rating in a report issued on Monday,Zacks.com reports.

Several other equities analysts also recently issued reports on ADDYY. Sanford C. Bernstein raised shares of adidas from a "market perform" rating to an "outperform" rating in a report on Monday, January 6th. Hsbc Global Res raised shares of adidas from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, Berenberg Bank upgraded shares of adidas to a "hold" rating in a research note on Tuesday, April 15th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, adidas has an average rating of "Moderate Buy".

adidas Stock Down 0.1 %

Shares of adidas stock opened at $112.44 on Monday. adidas has a twelve month low of $99.40 and a twelve month high of $137.73. The stock has a market capitalization of $40.15 billion, a price-to-earnings ratio of 86.49 and a beta of 1.14. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The business's 50 day simple moving average is $120.70 and its 200-day simple moving average is $122.57.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. GAMMA Investing LLC grew its position in adidas by 13.3% in the 4th quarter. GAMMA Investing LLC now owns 897 shares of the company's stock valued at $109,000 after buying an additional 105 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of adidas by 7.9% in the 1st 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 boosted its holdings in shares of adidas by 2.6% in 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 in the last quarter. Finally, Madison Investment Advisors LLC acquired a new position in shares of adidas during the fourth quarter valued at approximately $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.

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