Adidas (OTCMKTS:ADDYY) Downgraded by UBS Group to “Sell”

Adidas (OTCMKTS:ADDYY) was downgraded by investment analysts at UBS Group from a “neutral” rating to a “sell” rating in a research note issued to investors on Tuesday, Briefing.com reports.

Other research analysts have also issued reports about the stock. Sanford C. Bernstein restated an “outperform” rating and set a $146.00 target price on shares of Adidas in a research report on Friday, October 2nd. Robert W. Baird cut shares of Adidas from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Morgan Stanley reiterated an “overweight” rating on shares of Adidas in a research report on Thursday, September 10th. Telsey Advisory Group reiterated an “outperform” rating on shares of Adidas in a research report on Friday, July 31st. Finally, Benchmark raised Adidas to a “strong-buy” rating in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Adidas currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.00.

Adidas Stock Performance

Shares of ADDYY opened at $96.27 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 company has a 50-day simple moving average of $85.77 and a 200-day simple moving average of $89.48. The company has a market capitalization of $34.40 billion, a PE ratio of 19.38, a P/E/G ratio of 1.16 and a beta of 1.24.

Institutional Trading of Adidas

Several large investors have recently bought and sold shares of ADDYY. GAMMA Investing LLC raised its stake in shares of Adidas by 7.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,249 shares of the company’s stock worth $185,000 after buying an additional 148 shares during the last quarter. Sterling Capital Management LLC purchased a new stake in shares of Adidas in the 3rd quarter worth about $336,000. Finally, Madison Asset Management LLC boosted its position in shares of Adidas by 7.0% in the 1st quarter. Madison Asset Management LLC now owns 24,125 shares of the company’s stock worth $1,935,000 after buying an additional 1,582 shares in 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.