Amer Sports, Inc. (NYSE:AS) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Amer Sports, Inc. (NYSE:AS) have been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $18.86.

AS has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price objective on Amer Sports from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, October 21st. UBS Group increased their price objective on Amer Sports from $17.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Nomura Securities raised Amer Sports to a “strong-buy” rating in a report on Tuesday, September 24th. TD Cowen increased their price target on shares of Amer Sports from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, Evercore ISI restated an “outperform” rating and set a $21.00 price objective on shares of Amer Sports in a research note on Wednesday, August 21st.

Amer Sports Stock Down 0.2 %

AS stock opened at $17.82 on Friday. The company has a 50-day moving average price of $16.23 and a 200 day moving average price of $14.36. The company has a quick ratio of 0.81, a current ratio of 1.87 and a debt-to-equity ratio of 0.58. Amer Sports has a 12 month low of $10.11 and a 12 month high of $19.73.

Amer Sports (NYSE:AS) last issued its earnings results on Tuesday, August 20th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.11. Amer Sports had a negative net margin of 2.79% and a negative return on equity of 0.63%. The company had revenue of $993.80 million for the quarter, compared to analysts’ expectations of $947.59 million. Amer Sports’s revenue was up 16.0% on a year-over-year basis. On average, equities analysts expect that Amer Sports will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hood River Capital Management LLC grew its position in Amer Sports by 32.9% in the 2nd quarter. Hood River Capital Management LLC now owns 3,896,784 shares of the company’s stock valued at $48,983,000 after acquiring an additional 965,625 shares in the last quarter. Point72 Hong Kong Ltd increased its position in shares of Amer Sports by 557.7% during the second quarter. Point72 Hong Kong Ltd now owns 3,274,519 shares of the company’s stock worth $41,161,000 after purchasing an additional 2,776,619 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Amer Sports by 308.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,106,202 shares of the company’s stock valued at $39,045,000 after purchasing an additional 2,345,420 shares during the last quarter. WT Asset Management Ltd boosted its position in shares of Amer Sports by 104.4% in the 3rd quarter. WT Asset Management Ltd now owns 1,251,181 shares of the company’s stock valued at $19,956,000 after purchasing an additional 638,939 shares during the period. Finally, Shellback Capital LP grew its stake in Amer Sports by 5.0% during the 2nd quarter. Shellback Capital LP now owns 525,000 shares of the company’s stock worth $6,599,000 after buying an additional 25,000 shares during the last quarter. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Amer Sports Company Profile

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.