Amer Sports, Inc. (NYSE:AS - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $12.65 and last traded at $12.96, with a volume of 700075 shares trading hands. The stock had previously closed at $13.10.
Wall Street Analyst Weigh In
AS has been the topic of a number of analyst reports. Sanford C. Bernstein reiterated a "market perform" rating and issued a $16.00 price target (down from $18.50) on shares of Amer Sports in a research report on Monday, April 8th. Morgan Stanley dropped their target price on shares of Amer Sports from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Thursday, May 23rd. Bank of America raised their target price on shares of Amer Sports from $18.00 to $19.00 and gave the stock a "buy" rating in a report on Wednesday, March 6th. Finally, Wells Fargo & Company dropped their target price on shares of Amer Sports from $19.00 to $17.00 and set an "overweight" rating on the stock in a report on Thursday, April 25th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Amer Sports currently has an average rating of "Moderate Buy" and an average target price of $18.79.
Get Our Latest Research Report on Amer Sports
Amer Sports Price Performance
The stock's 50 day moving average price is $14.68. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 0.97.
Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 21st. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.03. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.13 billion. The firm's revenue was up 12.6% compared to the same quarter last year. Equities analysts expect that Amer Sports, Inc. will post 0.4 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. SYSTM Wealth Solutions LLC acquired a new position in shares of Amer Sports in the first quarter valued at approximately $319,000. Quadrature Capital Ltd acquired a new stake in Amer Sports during the 1st quarter valued at approximately $390,000. Sandia Investment Management LP acquired a new stake in Amer Sports during the 1st quarter valued at approximately $425,000. Tocqueville Asset Management L.P. acquired a new stake in Amer Sports during the 1st quarter valued at approximately $813,000. Finally, Sei Investments Co. acquired a new stake in Amer Sports during the 1st quarter valued at approximately $968,000. Institutional investors and hedge funds 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
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