Adidas (OTCMKTS:ADDYY) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of Adidas (OTCMKTS:ADDYY) in a report released on Monday,Zacks reports. The brokerage issued a hold rating on the stock.

A number of other research analysts also recently issued reports on the stock. Benchmark upgraded shares of Adidas to a “strong-buy” rating in a research report on Tuesday, September 22nd. Morgan Stanley restated an “overweight” rating on shares of Adidas in a report on Thursday, September 10th. Piper Sandler reaffirmed an “overweight” rating on shares of Adidas in a research note on Wednesday, July 15th. Barclays upgraded shares of Adidas from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 1st. Finally, Telsey Advisory Group reiterated an “outperform” rating on shares of Adidas in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Adidas has a consensus rating of “Moderate Buy” and a consensus target price of $146.00.

Adidas Stock Up 0.0%

Adidas stock opened at $100.32 on Monday. The firm has a market cap of $35.85 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.17 and a beta of 1.23. Adidas has a 52-week low of $75.19 and a 52-week high of $107.57. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.74 and a current ratio of 1.39. The firm has a 50 day moving average price of $86.91 and a two-hundred day moving average price of $89.68.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Madison Asset Management LLC lifted its stake 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 buying an additional 1,582 shares in the last quarter. Sterling Capital Management LLC bought a new stake in shares of Adidas during the third quarter worth about $336,000. Finally, GAMMA Investing LLC raised its holdings in shares of Adidas by 53.5% in the 2nd 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 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.