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

adidas AG (OTCMKTS:ADDYYGet Free Report) has earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

ADDYY has been the subject of several analyst reports. Sanford C. Bernstein raised adidas from a “market perform” rating to an “outperform” rating in a research note on Monday, January 6th. HSBC lowered shares of adidas from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd.

Read Our Latest Stock Report on adidas

Institutional Inflows and Outflows

A hedge fund recently raised its stake in adidas stock. GAMMA Investing LLC raised its stake in adidas AG (OTCMKTS:ADDYYFree Report) by 29.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 792 shares of the company’s stock after purchasing an additional 180 shares during the period. GAMMA Investing LLC’s holdings in adidas were worth $105,000 as of its most recent SEC filing.

adidas Price Performance

Shares of OTCMKTS:ADDYY opened at $125.28 on Monday. The firm has a market capitalization of $44.74 billion, a PE ratio of 96.37 and a beta of 1.18. adidas has a 1 year low of $88.03 and a 1 year high of $134.39. The firm’s 50-day moving average is $120.66 and its two-hundred day moving average is $122.13.

adidas (OTCMKTS:ADDYYGet Free Report) last released its earnings results on Tuesday, October 29th. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.25. The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.01 billion. adidas had a net margin of 1.91% and a return on equity of 7.93%. Analysts expect that adidas will post 2.15 EPS for the current fiscal year.

adidas Company Profile

(Get Free Report

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.

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Analyst Recommendations for adidas (OTCMKTS:ADDYY)

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