Adidas (OTCMKTS:ADDYY) Upgraded at Barclays

Barclays upgraded shares of Adidas (OTCMKTS:ADDYY) from an equal weight rating to an overweight rating in a report published on Tuesday, MarketBeat.com reports.

ADDYY has been the subject of a number of other reports. Zacks Research raised Adidas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. started coverage on Adidas in a research report on Thursday, July 2nd. They issued an “overweight” rating on the stock. UBS Group lowered Adidas from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adidas in a research report on Tuesday, June 30th. Finally, Piper Sandler restated an “overweight” rating on shares of Adidas in a report on Wednesday, July 15th. Nine research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Adidas presently has a consensus rating of “Moderate Buy” and an average target price of $146.02.

Adidas Stock Performance

Adidas stock opened at $86.47 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.39 and a quick ratio of 0.74. The firm has a market capitalization of $30.90 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 1.18 and a beta of 1.25. Adidas has a 1-year low of $75.19 and a 1-year high of $118.00. The company’s 50-day moving average is $96.77 and its 200 day moving average is $90.75.

Adidas (OTCMKTS:ADDYY) last announced its earnings results on Thursday, July 30th. The company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.16). The business had revenue of $7.76 billion for the quarter, compared to analysts’ expectations of $7.55 billion. Adidas had a net margin of 5.30% and a return on equity of 22.35%. Research analysts forecast that Adidas will post 5.35 EPS for the current year.

Hedge Funds Weigh In On Adidas

A hedge fund recently raised its position in Adidas stock. GAMMA Investing LLC boosted its holdings in shares of Adidas AG (OTCMKTS:ADDYY) by 53.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,101 shares of the company’s stock after buying an additional 732 shares during the quarter. GAMMA Investing LLC’s holdings in Adidas were worth $216,000 as of its most recent SEC filing.

Adidas Company Profile

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.