Amer Sports, Inc. (NYSE:AS) Short Interest Update

Amer Sports, Inc. (NYSE:AS - Get Free Report) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 8,880,000 shares, an increase of 40.5% from the February 13th total of 6,320,000 shares. Approximately 8.3% of the company's stock are sold short. Based on an average trading volume of 3,450,000 shares, the days-to-cover ratio is presently 2.6 days.

Analyst Upgrades and Downgrades

AS has been the subject of a number of research reports. Hsbc Global Res lowered shares of Amer Sports from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 16th. Morgan Stanley upped their price objective on shares of Amer Sports from $19.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Evercore ISI upped their price objective on shares of Amer Sports from $26.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Wells Fargo & Company upped their price objective on shares of Amer Sports from $25.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Finally, The Goldman Sachs Group upped their price objective on shares of Amer Sports from $28.00 to $31.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.64.

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Hedge Funds Weigh In On Amer Sports

Several hedge funds have recently modified their holdings of the stock. West Branch Capital LLC increased its holdings in Amer Sports by 14,285.7% in the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock worth $28,000 after buying an additional 1,000 shares during the period. Kieckhefer Group LLC purchased a new position in shares of Amer Sports during the 4th quarter valued at approximately $42,000. JPMorgan Chase & Co. purchased a new position in shares of Amer Sports during the 3rd quarter valued at approximately $25,000. GAMMA Investing LLC lifted its position in shares of Amer Sports by 61.8% during the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock valued at $54,000 after buying an additional 742 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its position in shares of Amer Sports by 55.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock valued at $97,000 after buying an additional 1,250 shares in the last quarter. Institutional investors and hedge funds own 40.25% of the company's stock.

Amer Sports Stock Down 0.2 %

Shares of AS traded down $0.07 during mid-day trading on Thursday, hitting $29.11. 2,011,727 shares of the company traded hands, compared to its average volume of 2,206,972. Amer Sports has a 1-year low of $10.11 and a 1-year high of $34.00. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $16.12 billion and a PE ratio of -207.92. The business has a 50 day moving average of $29.85 and a 200 day moving average of $24.07.

Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.60 billion. The business's revenue for the quarter was up 23.2% on a year-over-year basis. Equities research analysts anticipate that Amer Sports will post 0.46 EPS for the current year.

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.