Adidas (OTCMKTS:ADDYY) Now Covered by Cantor Fitzgerald

Equities researchers at Cantor Fitzgerald began coverage on shares of Adidas (OTCMKTS:ADDYY) in a research note issued on Monday, Zacks reports. The firm set a “hold” rating on the stock.

ADDYY has been the topic of several other research reports. Robert W. Baird lowered Adidas from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Telsey Advisory Group reiterated an “outperform” rating on shares of Adidas in a research report on Friday, July 31st. Sanford C. Bernstein reissued an “outperform” rating and issued a $146.00 target price on shares of Adidas in a report on Friday, October 2nd. UBS Group cut Adidas from a “neutral” rating to a “sell” rating in a research report on Tuesday, November 3rd. Finally, Barclays upgraded Adidas from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $146.00.

Adidas Price Performance

Shares of OTCMKTS:ADDYY opened at $100.32 on Monday. The company’s fifty day moving average price is $86.91 and its 200 day moving average price is $89.68. Adidas has a 12 month low of $75.19 and a 12 month high of $107.57. 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 $35.85 billion, a P/E ratio of 18.60, a P/E/G ratio of 1.17 and a beta of 1.23.

Institutional Trading of Adidas

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC acquired a new stake in Adidas during the 3rd quarter worth approximately $336,000. GAMMA Investing LLC grew its stake in shares of Adidas by 7.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,249 shares of the company’s stock valued at $185,000 after purchasing an additional 148 shares during the last quarter. Finally, Madison Asset Management LLC increased its holdings in shares of Adidas by 7.0% in the first quarter. Madison Asset Management LLC now owns 24,125 shares of the company’s stock valued at $1,935,000 after purchasing an additional 1,582 shares during the period.

About Adidas

Adidas AG is a German sporting goods company that designs, develops and markets athletic footwear, apparel and accessories. Its products serve both performance-focused athletes and consumers seeking sports-inspired lifestyle products. Founded in 1949 by Adolf Dassler, the company is headquartered in Herzogenaurach, Germany. Adidas sells its products around the world through wholesale partners and its own retail stores and digital channels. The company is led by CEO Bjørn Gulden. Its offerings span categories including running, football, training and other sports, alongside lifestyle footwear and apparel.