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

adidas AG (OTCMKTS:ADDYY) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

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

adidas Stock Up 0.8 %

ADDYY opened at $111.71 on Friday. The company has a fifty day moving average of $121.80 and a two-hundred day moving average of $121.88. adidas has a fifty-two week low of $88.03 and a fifty-two week high of $134.39.

adidas (OTCMKTS:ADDYY) last announced its earnings results on Tuesday, October 29th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.25. adidas had a return on equity of 7.93% and a net margin of 1.91%. The business had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.01 billion. Sell-side analysts predict that adidas will post 2.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On adidas

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

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.