ADIDAS AG/S (ADDYY) Receives Average Rating of “Buy” from Brokerages

ADIDAS AG/S (OTCMKTS:ADDYY) has been given a consensus recommendation of “Buy” by the seven research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

Several analysts have recently issued reports on the company. Zacks Investment Research downgraded ADIDAS AG/S from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 29th. ValuEngine upgraded ADIDAS AG/S from a “hold” rating to a “buy” rating in a research note on Saturday, November 10th.

A number of large investors have recently made changes to their positions in ADDYY. Glenmede Trust Co. NA boosted its stake in ADIDAS AG/S by 631.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 21,181 shares of the company’s stock valued at $2,594,000 after purchasing an additional 18,286 shares during the period. Sit Investment Associates Inc. lifted its position in shares of ADIDAS AG/S by 41,462.5% in the 2nd quarter. Sit Investment Associates Inc. now owns 9,975 shares of the company’s stock worth $1,087,000 after acquiring an additional 9,951 shares during the period. Henry James International Management Inc. bought a new stake in shares of ADIDAS AG/S in the 3rd quarter worth approximately $658,000. Park National Corp OH bought a new stake in shares of ADIDAS AG/S in the 3rd quarter worth approximately $209,000. Finally, Mitchell Capital Management Co. lifted its position in shares of ADIDAS AG/S by 36.7% in the 2nd quarter. Mitchell Capital Management Co. now owns 4,747 shares of the company’s stock worth $517,000 after acquiring an additional 1,274 shares during the period. Hedge funds and other institutional investors own 0.12% of the company’s stock.

Shares of ADDYY traded down $1.73 during trading hours on Monday, hitting $113.07. 28,459 shares of the company were exchanged, compared to its average volume of 50,828. The company has a market cap of $46.81 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 1.54 and a beta of 1.00. ADIDAS AG/S has a 52 week low of $98.23 and a 52 week high of $133.01. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 1.35.

ADIDAS AG/S Company Profile

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and hardware, such as bags and balls under the adidas, Reebok, and adidas Golf brands. The company is also involved in Y-3 label business activities; and the operation of Runtastic, a digital health and fitness space.

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Analyst Recommendations for ADIDAS AG/S (OTCMKTS:ADDYY)

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