Shares of adidas AG (NASDAQ:ADDYY) have earned an average rating of “Hold” from the six brokerages that are covering the company. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $88.50.

Several analysts have issued reports on ADDYY shares. Barclays PLC reaffirmed a “hold” rating on shares of adidas AG in a research report on Tuesday, October 4th. Zacks Investment Research raised shares of adidas AG from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research report on Monday, October 3rd. Robert W. Baird lowered shares of adidas AG to a “neutral” rating and set a $80.00 price target on the stock. in a research report on Friday, September 2nd. HSBC lowered shares of adidas AG from a “buy” rating to a “hold” rating in a research report on Friday, September 2nd. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of adidas AG in a research report on Thursday, July 28th.

Several institutional investors have recently modified their holdings of ADDYY. Parametric Portfolio Associates LLC raised its position in shares of adidas AG by 3.8% in the second quarter. Parametric Portfolio Associates LLC now owns 213,107 shares of the company’s stock valued at $15,278,000 after buying an additional 7,897 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in adidas AG during the second quarter worth approximately $2,237,000. Todd Asset Management LLC acquired a new position in adidas AG during the second quarter worth approximately $2,237,000. World Asset Management Inc raised its position in adidas AG by 8.3% in the second quarter. World Asset Management Inc now owns 25,896 shares of the company’s stock worth $1,848,000 after buying an additional 1,988 shares in the last quarter. Finally, Sterling Capital Management LLC acquired a new position in adidas AG during the second quarter worth approximately $249,000.

Shares of adidas AG (NASDAQ:ADDYY) opened at 86.88 on Thursday. The firm has a market capitalization of $34.79 billion and a price-to-earnings ratio of 34.46. The stock’s 50 day moving average is $85.15 and its 200 day moving average is $72.38. adidas AG has a 12 month low of $42.66 and a 12 month high of $88.85.

About adidas AG

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 (MEAA); TaylorMade-adidas Golf; Reebok-CCM Hockey; Runtastic, and Other centrally managed business.

5 Day Chart for NASDAQ:ADDYY

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