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

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

A number of analysts recently commented on ADDYY shares. Barclays reiterated an “equal weight” rating on shares of adidas in a research note on Monday, September 9th. HSBC lowered shares of adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd.

Institutional Investors Weigh In On adidas

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADDYY. GAMMA Investing LLC boosted its stake in shares of adidas by 23.9% in the second quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock worth $73,000 after acquiring an additional 118 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in adidas in the 2nd quarter valued at $4,809,000. Finally, Capital Square LLC purchased a new position in adidas in the 2nd quarter valued at $1,616,000.

adidas Trading Down 0.5 %

Shares of adidas stock opened at $112.94 on Friday. adidas has a one year low of $88.03 and a one year high of $134.39. The company has a 50-day simple moving average of $122.31 and a two-hundred day simple moving average of $122.07.

adidas (OTCMKTS:ADDYY) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.25. adidas had a return on equity of 7.93% and a net margin of 1.91%. The firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.01 billion. As a group, sell-side analysts anticipate that adidas will post 2.06 earnings per share 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.