adidas AG (OTCMKTS:ADDYY – Get Rating) has been given an average rating of "Hold" by the eighteen research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $197.50.

A number of brokerages have commented on ADDYY. Morgan Stanley reduced their price target on adidas from €255.00 ($260.20) to €235.00 ($239.80) in a research report on Tuesday, May 10th. Societe Generale cut adidas from a "buy" rating to a "hold" rating in a research report on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft cut their target price on adidas from €240.00 ($244.90) to €210.00 ($214.29) and set a "buy" rating for the company in a research report on Wednesday, July 27th. UBS Group cut adidas from a "buy" rating to a "neutral" rating in a research report on Friday, July 29th. Finally, Exane BNP Paribas cut adidas from an "outperform" rating to a "neutral" rating in a research report on Monday, May 16th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Castleview Partners LLC increased its holdings in adidas by 9,350.0% during the 2nd quarter. Castleview Partners LLC now owns 2,835 shares of the company's stock worth $32,000 after purchasing an additional 2,805 shares during the period. Madison Asset Management LLC purchased a new position in shares of adidas in the 2nd quarter valued at $1,591,000. Boston Common Asset Management LLC increased its holdings in shares of adidas by 13.5% in the 2nd quarter. Boston Common Asset Management LLC now owns 46,118 shares of the company's stock valued at $4,068,000 after acquiring an additional 5,485 shares during the period. Financial Gravity Asset Management Inc. increased its holdings in shares of adidas by 236.2% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 5,372 shares of the company's stock valued at $483,000 after acquiring an additional 3,774 shares during the period. Finally, Capital Square LLC increased its holdings in shares of adidas by 36.2% in the 2nd quarter. Capital Square LLC now owns 5,165 shares of the company's stock valued at $455,000 after acquiring an additional 1,374 shares during the period. 0.04% of the stock is currently owned by hedge funds and other institutional investors.

adidas Stock Up 1.7 %

About adidas

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adidas AG, together with its subsidiaries, designs, develops, distributes, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and accessories and gear, such as bags and balls under the adidas brand. It sells its products through approximately 2,200 own-retail stores; mono-branded franchise stores and shop-in-shops; and wholesale and its e-commerce channels.

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