adidas AG (OTCMKTS:ADDYY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

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

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

adidas Stock Performance

OTCMKTS:ADDYY opened at $111.71 on Friday. adidas has a 52 week low of $88.03 and a 52 week high of $134.39. The company has a fifty day simple moving average of $121.80 and a two-hundred day simple moving average of $121.88.

adidas (OTCMKTS:ADDYY) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.25. The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.01 billion. adidas had a return on equity of 7.93% and a net margin of 1.91%. Equities analysts expect that adidas will post 2.06 EPS for the current year.

Hedge Funds Weigh In On adidas

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

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.