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

Shares of adidas AG (OTCMKTS:ADDYY) have earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

Separately, Sanford C. Bernstein upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a report on Monday, January 6th.

adidas Stock Down 2.3 %

Shares of OTCMKTS ADDYY opened at $118.11 on Friday. The firm has a market cap of $42.18 billion, a P/E ratio of 90.85 and a beta of 1.18. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.32. adidas has a 1 year low of $103.71 and a 1 year high of $137.73. The firm’s 50 day moving average price is $128.47 and its 200 day moving average price is $124.33.

Institutional Investors Weigh In On adidas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in adidas by 13.3% during the 4th quarter. GAMMA Investing LLC now owns 897 shares of the company’s stock worth $109,000 after purchasing an additional 105 shares during the last quarter. Madison Investment Advisors LLC acquired a new stake in shares of adidas during the fourth quarter worth approximately $2,437,000. Finally, Mar Vista Investment Partners LLC grew its position in shares of adidas by 2.6% during the fourth quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company’s stock worth $3,556,000 after buying an additional 731 shares in the last quarter.

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.