adidas AG (OTCMKTS:ADDYY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

adidas AG (OTCMKTS:ADDYY) has been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

Separately, Sanford C. Bernstein raised shares of adidas from a “market perform” rating to an “outperform” rating in a research report on Monday, January 6th.

adidas Stock Down 0.9 %

adidas stock opened at $119.89 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.44. The firm has a market cap of $42.81 billion, a P/E ratio of 92.22 and a beta of 1.18. The business has a fifty day moving average of $128.62 and a two-hundred day moving average of $124.39. adidas has a twelve month low of $103.71 and a twelve month high of $137.73.

Hedge Funds Weigh In On adidas

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased 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 worth $109,000 after acquiring an additional 105 shares during the period. Madison Investment Advisors LLC purchased a new stake in adidas in the fourth quarter valued at $2,437,000. Finally, Mar Vista Investment Partners LLC grew its position 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 during the period.

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.