Todays Report: Today, adidas AG (ADDYY) Earns Hold Rating from Barclays PLC

Today, adidas AG (ADDYY) Earns Hold Rating from Barclays PLC

Barclays PLC reissued their hold rating on shares of adidas AG (NASDAQ:ADDYY) in a report issued on Tuesday morning.

Other equities analysts have also issued 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. Goldman Sachs Group Inc. reiterated a buy rating on shares of adidas AG in a research report on Thursday, July 28th. HSBC lowered adidas AG from a buy rating to a hold rating in a research report on Friday, September 2nd. Finally, Robert W. Baird lowered adidas AG to a neutral rating and set a $80.00 price objective on the stock. in a research report on Friday, September 2nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. adidas AG has a consensus rating of Hold and an average target price of $88.50.

adidas AG (NASDAQ:ADDYY) opened at 86.115 on Tuesday. adidas AG has a 52 week low of $42.66 and a 52 week high of $88.85. The firm has a 50-day moving average price of $85.20 and a 200 day moving average price of $72.16. The firm has a market capitalization of $34.48 billion and a price-to-earnings ratio of 34.159.

A number of institutional investors have recently bought and sold shares of ADDYY. 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 valued at $1,848,000 after buying an additional 1,988 shares during the last quarter. Reliance Trust Co. of Delaware bought a new position in adidas AG during the second quarter valued at about $236,000. Sterling Capital Management LLC bought a new position in adidas AG during the second quarter valued at about $249,000. Parametric Portfolio Associates LLC raised 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. Finally, Teachers Retirement System of The State of Kentucky bought a new position in adidas AG during the second quarter valued at about $2,237,000.

adidas AG Company Profile

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