adidas AG (OTCMKTS:ADDYY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of adidas AG (OTCMKTS:ADDYY) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

Several analysts have commented on ADDYY shares. HSBC lowered adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Sanford C. Bernstein raised shares of adidas from a “market perform” rating to an “outperform” rating in a research note on Monday.

Institutional Investors Weigh In On adidas

A hedge fund recently raised its stake in adidas stock. GAMMA Investing LLC raised its stake in shares of adidas AG (OTCMKTS:ADDYY) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 897 shares of the company’s stock after acquiring an additional 105 shares during the period. GAMMA Investing LLC’s holdings in adidas were worth $109,000 as of its most recent SEC filing.

adidas Price Performance

OTCMKTS ADDYY opened at $126.14 on Monday. The stock’s fifty day moving average price is $120.45 and its 200 day moving average price is $121.98. adidas has a 1 year low of $88.03 and a 1 year high of $134.39. The company has a market cap of $45.04 billion, a price-to-earnings ratio of 97.03 and a beta of 1.18.

adidas (OTCMKTS:ADDYY) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.25. The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.01 billion. adidas had a return on equity of 7.93% and a net margin of 1.91%. Research analysts expect that adidas will post 2.15 earnings per share for the current year.

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.