Adidas (OTCMKTS:ADDYY) Cut to “Sell” at UBS Group

UBS Group lowered shares of Adidas (OTCMKTS:ADDYY) from a neutral rating to a sell rating in a report published on Tuesday morning, MarketBeat reports.

Several other research analysts have also weighed in on ADDYY. Zacks Research lowered shares of Adidas from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th. Citigroup reiterated a “buy” rating on shares of Adidas in a research report on Wednesday, October 21st. Sanford C. Bernstein reiterated an “outperform” rating and set a $146.00 price target on shares of Adidas in a research report on Friday, October 2nd. Robert W. Baird lowered Adidas from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Finally, Telsey Advisory Group restated an “outperform” rating on shares of Adidas in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Adidas presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.00.

Adidas Stock Up 0.8%

Shares of OTCMKTS ADDYY opened at $99.98 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.39 and a debt-to-equity ratio of 0.39. Adidas has a 52 week low of $75.19 and a 52 week high of $107.57. The firm has a 50-day moving average price of $86.29 and a 200 day moving average price of $89.54. The stock has a market capitalization of $35.73 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 1.16 and a beta of 1.23.

Institutional Investors Weigh In On Adidas

Several institutional investors and hedge funds have recently made changes to their positions in ADDYY. Sterling Capital Management LLC acquired a new stake in Adidas in the 3rd quarter valued at about $336,000. Madison Asset Management LLC increased its holdings in Adidas by 7.0% during the 1st quarter. Madison Asset Management LLC now owns 24,125 shares of the company’s stock valued at $1,935,000 after acquiring an additional 1,582 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Adidas by 53.5% during the second quarter. GAMMA Investing LLC now owns 2,101 shares of the company’s stock worth $216,000 after acquiring an additional 732 shares during the last quarter.

Adidas Company Profile

Adidas AG is a Germany-based global sporting goods company that designs, develops, markets and sells athletic footwear, apparel and accessories. Its products serve a broad range of sports and lifestyle categories, including running, football, basketball, training and outdoor activities, as well as casual and fashion-oriented markets.

Founded in 1949 by Adolf “Adi” Dassler, Adidas is headquartered in Herzogenaurach, Germany. The company sells products under the Adidas brand through wholesale partners, company-operated stores, e-commerce platforms and other direct-to-consumer channels.