adidas (OTCMKTS:ADDYY) Stock Rating Upgraded by Stifel Nicolaus

adidas (OTCMKTS:ADDYY) was upgraded by stock analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued on Wednesday, Marketbeat Ratings reports.

ADDYY has been the subject of several other reports. Morgan Stanley raised adidas from an “underweight” rating to an “overweight” rating in a report on Monday, April 15th. Royal Bank of Canada upgraded shares of adidas from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 5th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

adidas Stock Performance

Shares of OTCMKTS:ADDYY opened at $121.59 on Wednesday. The stock has a market capitalization of $46.59 billion, a P/E ratio of -552.68 and a beta of 1.18. adidas has a 1-year low of $79.58 and a 1-year high of $122.83. The company has a current ratio of 1.22, a quick ratio of 0.66 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $107.88 and a two-hundred day moving average price of $100.44.

adidas (OTCMKTS:ADDYY) last announced its quarterly earnings data on Wednesday, March 13th. The company reported ($1.27) earnings per share for the quarter, missing the consensus estimate of ($0.91) by ($0.36). The firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.22 billion. adidas had a negative return on equity of 2.21% and a negative net margin of 0.33%. Equities analysts predict that adidas will post 1.82 earnings per share for the current year.

Institutional Trading of adidas

Hedge funds have recently modified their holdings of the company. Capital Square LLC acquired a new stake in adidas during the 4th quarter worth approximately $1,405,000. Fisher Asset Management LLC raised its holdings in adidas by 27.5% during the 4th quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock worth $1,296,000 after buying an additional 2,749 shares during the period. Mar Vista Investment Partners LLC raised its holdings in adidas by 8.0% during the 4th quarter. Mar Vista Investment Partners LLC now owns 27,044 shares of the company’s stock worth $2,749,000 after buying an additional 2,000 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in adidas during the 4th quarter worth approximately $45,000.

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.