Madison Investment Advisors LLC purchased a new position in shares of adidas AG (OTCMKTS:ADDYY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 20,010 shares of the company's stock, valued at approximately $2,437,000.
Separately, GAMMA Investing LLC grew its position in adidas by 13.3% during the 4th quarter. GAMMA Investing LLC now owns 897 shares of the company's stock worth $109,000 after purchasing an additional 105 shares during the last quarter.
adidas Stock Performance
Shares of OTCMKTS:ADDYY traded up $0.99 during trading on Wednesday, hitting $120.88. The stock had a trading volume of 35,774 shares, compared to its average volume of 37,935. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.44. adidas AG has a 12-month low of $103.71 and a 12-month high of $137.73. The stock has a market capitalization of $43.17 billion, a price-to-earnings ratio of 92.98 and a beta of 1.18. The stock has a 50-day simple moving average of $128.59 and a two-hundred day simple moving average of $124.38.
Wall Street Analysts Forecast Growth
Separately, Sanford C. Bernstein raised shares of adidas from a "market perform" rating to an "outperform" rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".
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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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