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

adidas AG (OTCMKTS:ADDYY) has received a consensus rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

ADDYY has been the topic of several research reports. Barclays reissued an “equal weight” rating on shares of adidas in a research note on Monday, September 9th. HSBC cut shares of adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Telsey Advisory Group upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 17th.

Institutional Investors Weigh In On adidas

Several hedge funds and other institutional investors have recently made changes to their positions in ADDYY. GAMMA Investing LLC boosted its stake in adidas by 23.9% in the 2nd quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock worth $73,000 after purchasing an additional 118 shares during the period. Hantz Financial Services Inc. purchased a new stake in adidas during the 2nd quarter valued at $4,809,000. Finally, Capital Square LLC purchased a new stake in adidas in the second quarter worth $1,616,000.

adidas Stock Up 3.6 %

Shares of OTCMKTS:ADDYY opened at $119.46 on Wednesday. The firm has a market capitalization of $45.78 billion, a PE ratio of 284.43 and a beta of 1.21. adidas has a twelve month low of $84.71 and a twelve month high of $134.39. The company has a 50-day moving average price of $124.23 and a two-hundred day moving average price of $122.30.

adidas (OTCMKTS:ADDYY) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). adidas had a net margin of 1.10% and a return on equity of 3.75%. The firm had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.35 billion. Analysts anticipate that adidas will post 1.97 earnings per share for the current fiscal year.

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.