Adidas (OTCMKTS:ADDYY) Sees Large Volume Increase - What's Next?

Shares of Adidas AG (OTCMKTS:ADDYY - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 69,905 shares traded hands during trading, an increase of 4% from the previous session's volume of 67,358 shares.The stock last traded at $105.62 and had previously closed at $107.00.Analyst Upgrades and DowngradesFoot Locker Stock Still Holds Upside for Savvy InvestorsSeparately, Jefferies Financial Group upgraded shares of Adidas from a "hold" rating to a "buy" rating in a research note on Wednesday, September 3rd. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Adidas currently has an average rating of "Buy".View Our Latest Research Report on AdidasAdidas Trading Down 1.4%Is It Time to Step Back into This Retailer's Stock?The company has a quick ratio of 0.72, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The firm's 50-day simple moving average is $102.73 and its 200 day simple moving average is $112.98. The stock has a market capitalization of $37.69 billion, a P/E ratio of 28.76, a PEG ratio of 0.57 and a beta of 1.16. Adidas (OTCMKTS:ADDYY - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. Adidas had a return on equity of 20.68% and a net margin of 4.93%.The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.30 billion. Equities research analysts anticipate that Adidas AG will post 2.27 EPS for the current fiscal year. Hedge Funds Weigh In On Adidas3 Bargain Stocks Near 52-week LowsA number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mar Vista Investment Partners LLC boosted its position in shares of Adidas by 4.0% in the 2nd quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company's stock valued at $3,550,000 after purchasing an additional 1,180 shares during the period. Yousif Capital Management LLC grew its holdings in shares of Adidas by 9.4% during the 2nd quarter. Yousif Capital Management LLC now owns 5,221 shares of the company's stock valued at $607,000 after acquiring an additional 450 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Adidas by 30.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,375 shares of the company's stock valued at $161,000 after acquiring an additional 318 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Adidas by 7.9% during the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company's stock valued at $1,139,000 after acquiring an additional 709 shares in the last quarter. Adidas Company Profile (Get Free Report)adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.Recommended StoriesFive stocks we like better than AdidasCD Calculator: Certificate of Deposit Calculator 154% Jump in Bullish Bets: Is Ford About to Hit the Gas?Should You Add These Warren Buffett Stocks to Your Portfolio?Chewy Stock: Why Analysts Say Boring May Be the Best BuyUsing the MarketBeat Stock Split CalculatorApple Stock Positioned for Holiday Gains With iPhone 17 BoostThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Adidas Right Now?Before you consider Adidas, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adidas wasn't on the list.While Adidas currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here