Investment analysts at Piper Jaffray Cos. assumed coverage on shares of adidas AG (NASDAQ:ADDYY) in a research report issued on Thursday. The firm set an “overweight” rating on the stock.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded adidas AG from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research note on Monday, October 3rd. Robert W. Baird downgraded adidas AG to a “neutral” rating and set a $80.00 target price on the stock. in a research note on Friday, September 2nd. Barclays PLC restated a “hold” rating on shares of adidas AG in a research note on Tuesday, October 4th. HSBC downgraded adidas AG from a “buy” rating to a “hold” rating in a research note on Friday, September 2nd. Finally, Goldman Sachs Group Inc. restated a “buy” rating on shares of adidas AG in a research note on Thursday, July 28th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $88.50.

Analyst Recommendations for adidas AG (NASDAQ:ADDYY)

Shares of adidas AG (NASDAQ:ADDYY) traded down 0.80% during trading on Thursday, hitting $85.07. The stock had a trading volume of 48,685 shares. The company has a market capitalization of $34.06 billion and a price-to-earnings ratio of 33.97. adidas AG has a 52 week low of $43.28 and a 52 week high of $88.85. The company’s 50 day moving average price is $85.06 and its 200 day moving average price is $73.01.

A number of institutional investors have recently bought and sold shares of ADDYY. Parametric Portfolio Associates LLC increased its position in 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 purchased a new position in adidas AG during the second quarter valued at approximately $2,237,000. Todd Asset Management LLC purchased a new position in adidas AG during the second quarter valued at approximately $2,237,000. World Asset Management Inc increased 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 valued at $1,848,000 after buying an additional 1,988 shares during the last quarter. Finally, Sterling Capital Management LLC purchased a new position in adidas AG during the second quarter valued at approximately $249,000.

adidas AG Company Profile

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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