adidas AG (OTCMKTS:ADDYY) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of adidas AG (OTCMKTS:ADDYY - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company.

Several research analysts recently weighed in on the company. Bank of America raised adidas from a "neutral" rating to a "buy" rating in a research report on Thursday, April 24th. Berenberg Bank upgraded shares of adidas to a "hold" rating in a report on Tuesday, April 15th. Hsbc Global Res upgraded adidas from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Piper Sandler began coverage on adidas in a research note on Monday, May 5th. They set an "overweight" rating on the stock. Finally, Baird R W raised adidas from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 21st.

adidas Stock Performance

adidas stock opened at $117.67 on Friday. The stock has a fifty day moving average price of $117.42 and a 200 day moving average price of $121.97. adidas has a 52 week low of $99.40 and a 52 week high of $137.73. The firm has a market capitalization of $42.02 billion, a P/E ratio of 90.51 and a beta of 1.24. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44.

adidas (OTCMKTS:ADDYY - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.01. adidas had a net margin of 1.91% and a return on equity of 7.39%. The company had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.33 billion. Equities research analysts anticipate that adidas will post 2.27 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in adidas by 13.3% during the 4th quarter. GAMMA Investing LLC now owns 897 shares of the company's stock valued at $109,000 after acquiring an additional 105 shares during the last quarter. Rhumbline Advisers lifted its position in shares of adidas by 7.9% during the first quarter. Rhumbline Advisers now owns 9,655 shares of the company's stock worth $1,139,000 after purchasing an additional 709 shares during the last quarter. Madison Investment Advisors LLC acquired a new position in adidas in the fourth quarter worth about $2,437,000. Finally, Mar Vista Investment Partners LLC grew its stake in adidas by 2.6% in the fourth quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company's stock worth $3,556,000 after purchasing an additional 731 shares in the last quarter.

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.

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