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

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

A number of research analysts have issued reports on the stock. HSBC downgraded shares of adidas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Barclays reaffirmed an “equal weight” rating on shares of adidas in a research report on Monday, September 9th.

adidas Stock Performance

Shares of OTCMKTS:ADDYY opened at $110.84 on Friday. adidas has a twelve month low of $88.03 and a twelve month high of $134.39. The business has a 50 day moving average price of $121.99 and a 200 day moving average price of $121.93.

adidas (OTCMKTS:ADDYY) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.25. adidas had a net margin of 1.91% and a return on equity of 7.93%. The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.01 billion. Research analysts forecast that adidas will post 2.06 EPS for the current fiscal year.

Institutional Trading of adidas

A number of institutional investors have recently made changes to their positions in ADDYY. GAMMA Investing LLC increased its holdings in shares of adidas by 23.9% during the 2nd 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. acquired a new position in shares of adidas during the 2nd quarter worth $4,809,000. Finally, Capital Square LLC acquired a new position in adidas during the second quarter worth about $1,616,000.

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.