adidas (OTCMKTS:ADDYY) Stock Rating Upgraded by Baird R W

adidas (OTCMKTS:ADDYY) was upgraded by analysts at Baird R W from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other research analysts have also recently issued reports on ADDYY. Berenberg Bank raised shares of adidas to a “hold” rating in a report on Tuesday, April 15th. Sanford C. Bernstein raised adidas from a “market perform” rating to an “outperform” rating in a research note on Monday, January 6th. Finally, Hsbc Global Res raised adidas from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

adidas Stock Performance

Shares of ADDYY stock opened at $117.15 on Monday. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. adidas has a 12-month low of $99.40 and a 12-month high of $137.73. The company has a market cap of $41.83 billion, a price-to-earnings ratio of 90.12 and a beta of 1.14. The stock has a 50 day simple moving average of $120.31 and a 200-day simple moving average of $122.53.

Institutional Investors Weigh In On adidas

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in adidas by 13.3% during the fourth quarter. GAMMA Investing LLC now owns 897 shares of the company’s stock worth $109,000 after buying an additional 105 shares in the last quarter. Rhumbline Advisers increased its position in adidas by 7.9% during the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock worth $1,139,000 after purchasing an additional 709 shares in the last quarter. Mar Vista Investment Partners LLC raised its stake in adidas by 2.6% in the 4th quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company’s stock valued at $3,556,000 after purchasing an additional 731 shares during the last quarter. Finally, Madison Investment Advisors LLC purchased a new position in adidas in the 4th quarter valued at about $2,437,000.

About adidas

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.