Shares of adidas AG (OTCMKTS:ADDYY) have been assigned an average recommendation of “Buy” from the twelve ratings firms that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $210.00.
A number of equities research analysts recently issued reports on the company. Bank of America raised adidas from a “neutral” rating to a “buy” rating in a research note on Thursday, March 8th. Zacks Investment Research raised adidas from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st.
Institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. lifted its stake in shares of adidas by 37.4% during the 3rd quarter. Pacer Advisors Inc. now owns 4,751 shares of the company’s stock worth $538,000 after purchasing an additional 1,294 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of adidas by 6.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 310,794 shares of the company’s stock worth $35,182,000 after purchasing an additional 17,631 shares during the period. NorthCoast Asset Management LLC lifted its stake in shares of adidas by 24.1% during the 4th quarter. NorthCoast Asset Management LLC now owns 16,922 shares of the company’s stock worth $1,698,000 after purchasing an additional 3,285 shares during the period. Wellington Shields Capital Management LLC purchased a new position in shares of adidas during the 3rd quarter worth $226,000. Finally, Wellington Shields & Co. LLC purchased a new position in shares of adidas during the 3rd quarter worth $232,000. 0.13% of the stock is currently owned by institutional investors.
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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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