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

adidas AG (OTCMKTS:ADDYY) has been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

Separately, Sanford C. Bernstein raised adidas from a “market perform” rating to an “outperform” rating in a research note on Monday, January 6th.

Hedge Funds Weigh In On adidas

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC grew its holdings in shares of adidas by 13.3% in the fourth quarter. GAMMA Investing LLC now owns 897 shares of the company’s stock valued at $109,000 after acquiring an additional 105 shares in the last quarter. Madison Investment Advisors LLC bought a new position in adidas during the fourth quarter valued at $2,437,000. Finally, Mar Vista Investment Partners LLC grew its holdings in adidas by 2.6% during the fourth quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company’s stock valued at $3,556,000 after purchasing an additional 731 shares during the period.

adidas Stock Up 1.4 %

ADDYY stock opened at $129.43 on Tuesday. The stock’s 50 day simple moving average is $128.52 and its 200 day simple moving average is $124.42. adidas has a fifty-two week low of $99.34 and a fifty-two week high of $137.73. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.32. The company has a market cap of $46.22 billion, a P/E ratio of 99.56 and a beta of 1.19.

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.