GAMMA Investing LLC Has $161,000 Holdings in Adidas AG $ADDYY

GAMMA Investing LLC boosted its stake in shares of Adidas AG (OTCMKTS:ADDYY) by 30.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,375 shares of the company’s stock after buying an additional 318 shares during the period. GAMMA Investing LLC’s holdings in Adidas were worth $161,000 at the end of the most recent reporting period.

Separately, Rhumbline Advisers grew its stake in Adidas by 7.9% during the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock valued at $1,139,000 after acquiring an additional 709 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised Adidas from a “hold” rating to a “buy” rating in a research note on Wednesday, September 3rd. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Adidas has an average rating of “Buy”.

Adidas Trading Up 1.3%

OTCMKTS:ADDYY opened at $107.00 on Tuesday. The stock’s 50 day moving average price is $102.73 and its 200 day moving average price is $112.98. Adidas AG has a 52 week low of $94.33 and a 52 week high of $137.73. The company has a market capitalization of $38.21 billion, a P/E ratio of 29.16, a P/E/G ratio of 0.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.72 and a current ratio of 1.29.

Adidas (OTCMKTS:ADDYY) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. Adidas had a return on equity of 20.68% and a net margin of 4.93%.The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.30 billion. On average, research analysts forecast that Adidas AG will post 2.27 EPS for the current fiscal year.

Adidas 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.