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

adidas AG (OTCMKTS:ADDYY) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

Several analysts have commented on the stock. HSBC cut shares of adidas from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Barclays reiterated an “equal weight” rating on shares of adidas in a research note on Monday, September 9th.

adidas Stock Performance

OTCMKTS:ADDYY opened at $113.19 on Friday. The firm has a 50-day moving average price of $122.47 and a two-hundred day moving average price of $122.15. adidas has a twelve month low of $88.03 and a twelve month high of $134.39.

adidas (OTCMKTS:ADDYY) last announced its earnings results on Tuesday, October 29th. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.25. The firm had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.01 billion. adidas had a return on equity of 7.93% and a net margin of 1.91%. On average, equities analysts anticipate that adidas will post 2.06 earnings per share for the current year.

Institutional Inflows and Outflows

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

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.