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

adidas AG (OTCMKTS:ADDYY) has received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company.

Several brokerages have recently issued reports on ADDYY. HSBC cut shares of adidas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Barclays reissued an “equal weight” rating on shares of adidas in a research report on Monday, September 9th.

Institutional Investors Weigh In On adidas

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of adidas by 29.4% during the 3rd quarter. GAMMA Investing LLC now owns 792 shares of the company’s stock worth $105,000 after acquiring an additional 180 shares in the last quarter. Capital Square LLC acquired a new stake in adidas during the second quarter worth approximately $1,616,000. Finally, Hantz Financial Services Inc. purchased a new stake in shares of adidas during the 2nd quarter worth approximately $4,809,000.

adidas Stock Down 1.1 %

OTCMKTS:ADDYY opened at $126.23 on Thursday. adidas has a 52 week low of $88.03 and a 52 week high of $134.39. The stock’s fifty day moving average is $120.40 and its two-hundred day moving average is $121.87. The company has a market capitalization of $45.08 billion, a P/E ratio of 97.10 and a beta of 1.20.

adidas (OTCMKTS:ADDYY) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.09 by $0.25. adidas had a net margin of 1.91% and a return on equity of 7.93%. The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.01 billion. Sell-side analysts anticipate that adidas will post 2.15 earnings per share for the current fiscal 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.