adidas (OTCMKTS:ADDYY) Stock Rating Upgraded by Berenberg Bank

adidas (OTCMKTS:ADDYY) was upgraded by analysts at Berenberg Bank to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other research firms have also weighed in on ADDYY. Sanford C. Bernstein raised shares of adidas from a “market perform” rating to an “outperform” rating in a report on Monday, January 6th. Hsbc Global Res upgraded adidas from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 9th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, adidas has an average rating of “Moderate Buy”.

adidas Trading Up 0.1 %

ADDYY stock opened at $111.36 on Tuesday. 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 business’s 50 day moving average is $121.97 and its 200-day moving average is $123.07. adidas has a 1-year low of $99.40 and a 1-year high of $137.73. The firm has a market cap of $39.77 billion, a P/E ratio of 85.66 and a beta of 1.14.

Hedge Funds Weigh In On adidas

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in adidas by 17.8% during the 1st quarter. GAMMA Investing LLC now owns 1,057 shares of the company’s stock valued at $125,000 after purchasing an additional 160 shares during the period. Rhumbline Advisers boosted its stake in adidas by 7.9% in the first quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock valued at $1,139,000 after acquiring an additional 709 shares during the last quarter. Mar Vista Investment Partners LLC grew its holdings in adidas by 2.6% during the 4th 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 during the period. Finally, Madison Investment Advisors LLC acquired a new position in shares of adidas in the 4th quarter valued at $2,437,000.

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.