adidas (OTCMKTS:ADDYY) Upgraded at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of adidas (OTCMKTS:ADDYY) from a market perform rating to an outperform rating in a research note issued to investors on Monday morning, MarketBeat.com reports.

A number of other brokerages have also issued reports on ADDYY. HSBC lowered shares of adidas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Barclays restated an “equal weight” rating on shares of adidas in a report on Monday, September 9th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, adidas presently has a consensus rating of “Moderate Buy”.

adidas Trading Up 0.6 %

Shares of OTCMKTS:ADDYY opened at $126.14 on Monday. The stock has a market capitalization of $45.04 billion, a PE ratio of 97.03 and a beta of 1.18. adidas has a 1 year low of $88.03 and a 1 year high of $134.39. The firm has a fifty day moving average price of $120.45 and a 200 day moving average price of $121.98.

adidas (OTCMKTS:ADDYY) last posted its 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. adidas had a return on equity of 7.93% and a net margin of 1.91%. The firm had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.01 billion. On average, sell-side analysts forecast that adidas will post 2.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On adidas

A hedge fund recently raised its stake in adidas stock. GAMMA Investing LLC lifted its stake in adidas AG (OTCMKTS:ADDYY) by 13.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 897 shares of the company’s stock after purchasing an additional 105 shares during the period. GAMMA Investing LLC’s holdings in adidas were worth $109,000 at the end of the most recent 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.