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

Shares of adidas AG (OTCMKTS:ADDYY) have received a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company.

Several research analysts have issued reports on ADDYY shares. Telsey Advisory Group upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 17th. HSBC downgraded adidas from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Barclays reissued an “equal weight” rating on shares of adidas in a research note on Monday, September 9th.

adidas Stock Down 1.2 %

Shares of OTCMKTS ADDYY traded down $1.49 during midday trading on Wednesday, reaching $118.93. 31,245 shares of the company were exchanged, compared to its average volume of 69,049. The stock’s 50-day moving average price is $124.53 and its 200-day moving average price is $121.99. The stock has a market cap of $45.57 billion, a P/E ratio of 283.17 and a beta of 1.21. adidas has a one year low of $84.71 and a one year high of $134.39.

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

Institutional Trading of adidas

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings 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 last quarter. Capital Square LLC bought a new position in shares of adidas during the 2nd quarter worth approximately $1,616,000. Finally, Hantz Financial Services Inc. bought a new position in shares of adidas in the second quarter valued at approximately $4,809,000.

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.