Adidas AG (OTCMKTS:ADDYY) Given Consensus Recommendation of “Buy” by Analysts

Adidas AG (OTCMKTS:ADDYY) has received an average rating of “Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating on the company.

Several equities analysts have issued reports on ADDYY shares. Jefferies Financial Group upgraded Adidas from a “hold” rating to a “buy” rating in a research report on Wednesday, September 3rd. BTIG Research initiated coverage on Adidas in a research note on Tuesday, October 14th. They issued a “neutral” rating on the stock.

Hedge Funds Weigh In On Adidas

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers increased its holdings in shares of Adidas by 7.9% in the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock valued at $1,139,000 after purchasing an additional 709 shares in the last quarter. GAMMA Investing LLC grew its position in Adidas by 30.1% during the second quarter. GAMMA Investing LLC now owns 1,375 shares of the company’s stock worth $161,000 after buying an additional 318 shares during the period. Yousif Capital Management LLC grew its position in Adidas by 9.4% during the second quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock worth $607,000 after buying an additional 450 shares during the period. Mar Vista Investment Partners LLC increased its holdings in Adidas by 4.0% in the second quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock valued at $3,550,000 after buying an additional 1,180 shares in the last quarter. Finally, Madison Asset Management LLC lifted its position in shares of Adidas by 11.5% during the 3rd quarter. Madison Asset Management LLC now owns 20,442 shares of the company’s stock valued at $2,166,000 after acquiring an additional 2,110 shares during the period.

Adidas Stock Up 0.6%

ADDYY stock opened at $92.93 on Thursday. The stock has a market capitalization of $33.19 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 0.53 and a beta of 1.20. The company has a fifty day moving average of $101.43 and a 200-day moving average of $108.12. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.67 and a current ratio of 1.25. Adidas has a one year low of $86.28 and a one year high of $137.73.

Adidas (OTCMKTS:ADDYY) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.07). The firm had revenue of $7.73 billion for the quarter, compared to analyst estimates of $6.22 billion. Adidas had a return on equity of 21.33% and a net margin of 5.00%. As a group, analysts expect that Adidas will post 2.27 EPS for the current year.

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.