adidas (OTCMKTS:ADDYY) Upgraded by Baird R W to Strong-Buy Rating

adidas (OTCMKTS:ADDYY - Get Free Report) was upgraded by stock analysts at Baird R W from a "hold" rating to a "strong-buy" rating in a report released on Monday,Zacks.com reports.

Several other equities analysts also recently weighed in on ADDYY. Hsbc Global Res upgraded shares of adidas from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Berenberg Bank upgraded shares of adidas to a "hold" rating in a report on Tuesday, April 15th. Finally, Sanford C. Bernstein upgraded shares of adidas from a "market perform" rating to an "outperform" rating in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, adidas currently has an average rating of "Moderate Buy".

adidas Price Performance

Shares of ADDYY traded up $0.11 during trading hours on Monday, reaching $123.40. The company had a trading volume of 230,406 shares, compared to its average volume of 58,858. The firm has a 50 day simple moving average of $119.60 and a 200-day simple moving average of $122.36. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $44.07 billion, a price-to-earnings ratio of 94.92 and a beta of 1.14. adidas has a 12-month low of $99.40 and a 12-month high of $137.73.

Institutional Investors Weigh In On adidas

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of adidas by 13.3% in the fourth quarter. GAMMA Investing LLC now owns 897 shares of the company's stock worth $109,000 after acquiring an additional 105 shares during the last quarter. Rhumbline Advisers grew its stake in 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 buying an additional 709 shares during the period. Madison Investment Advisors LLC acquired a new stake in shares of adidas in the fourth quarter worth $2,437,000. Finally, Mar Vista Investment Partners LLC increased its position in shares of 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 acquiring 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.