Shares of adidas AG (OTCMKTS:ADDYY) have been given an average rating of “Buy” by the twelve brokerages that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $210.00.
A number of analysts have recently commented on ADDYY shares. Zacks Investment Research downgraded adidas from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Bank of America upgraded adidas from a “neutral” rating to a “buy” rating in a report on Thursday, March 8th.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its holdings in adidas by 37.4% in the 3rd quarter. Pacer Advisors Inc. now owns 4,751 shares of the company’s stock valued at $538,000 after purchasing an additional 1,294 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in adidas by 6.0% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 310,794 shares of the company’s stock valued at $35,182,000 after purchasing an additional 17,631 shares in the last quarter. NorthCoast Asset Management LLC increased its holdings in adidas by 24.1% in the 4th quarter. NorthCoast Asset Management LLC now owns 16,922 shares of the company’s stock valued at $1,698,000 after purchasing an additional 3,285 shares in the last quarter. Wellington Shields Capital Management LLC acquired a new stake in adidas in the 3rd quarter valued at $226,000. Finally, Wellington Shields & Co. LLC acquired a new stake in adidas in the 3rd quarter valued at $232,000. Hedge funds and other institutional investors own 0.13% of the company’s stock.
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Adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company’s segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific; TaylorMade-adidas Golf; Runtastic and Other centrally managed business.
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