Amer Sports, Inc. (NYSE:AS - Get Free Report) was the target of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 6,320,000 shares, an increase of 25.1% from the January 31st total of 5,050,000 shares. Based on an average daily trading volume, of 3,220,000 shares, the short-interest ratio is currently 2.0 days. Currently, 5.9% of the company's stock are short sold.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. TD Cowen boosted their target price on shares of Amer Sports from $29.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. The Goldman Sachs Group boosted their target price on shares of Amer Sports from $28.00 to $31.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Robert W. Baird lifted their price objective on shares of Amer Sports from $24.00 to $30.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Hsbc Global Res cut shares of Amer Sports from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 16th. Finally, Morgan Stanley lifted 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 report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $32.64.
View Our Latest Stock Report on AS
Amer Sports Stock Performance
Shares of Amer Sports stock traded down $1.40 during trading on Friday, reaching $26.89. The company's stock had a trading volume of 6,418,549 shares, compared to its average volume of 3,230,244. The business's 50-day moving average price is $30.11 and its 200-day moving average price is $23.31. The firm has a market cap of $14.69 billion and a PE ratio of -192.03. Amer Sports has a 52 week low of $10.11 and a 52 week 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.
Amer Sports (NYSE:AS - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.17. The company had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.60 billion. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The business's revenue was up 23.2% on a year-over-year basis. Equities analysts forecast that Amer Sports will post 0.46 earnings per share for the current year.
Institutional Investors Weigh In On Amer Sports
Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in Amer Sports by 61.8% during the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock worth $54,000 after purchasing an additional 742 shares during the period. West Branch Capital LLC lifted its position in Amer Sports by 14,285.7% during the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock worth $28,000 after purchasing an additional 1,000 shares during the period. Signaturefd LLC lifted its position in Amer Sports by 35.0% during the fourth quarter. Signaturefd LLC now owns 4,136 shares of the company's stock worth $116,000 after purchasing an additional 1,073 shares during the period. Sterling Capital Management LLC lifted its position in Amer Sports by 55.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock worth $97,000 after purchasing an additional 1,250 shares during the period. Finally, Kieckhefer Group LLC bought a new stake in Amer Sports during the fourth quarter worth about $42,000. Institutional investors own 40.25% of the company's stock.
About Amer Sports
(
Get Free Report)
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.
Further Reading
Before you consider Amer Sports, 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 Amer Sports wasn't on the list.
While Amer Sports currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
