Amer Sports Sees Unusually Large Options Volume (NYSE:AS)

Amer Sports, Inc. (NYSE:AS) was the recipient of unusually large options trading on Tuesday. Investors bought 24,526 put options on the stock. Thisisanincreaseofapproximately1,177% compared to the average volume of 1,921 put options.

Institutional Trading of Amer Sports

Institutional investors have recently made changes to their positions in the business. Quarry LP acquired a new position in Amer Sports during the first quarter worth $34,000. SBI Securities Co. Ltd. grew its holdings in shares of Amer Sports by 146.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock worth $35,000 after purchasing an additional 533 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Amer Sports by 174.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock worth $63,000 after purchasing an additional 1,011 shares in the last quarter. Colonial Trust Advisors bought a new position in Amer Sports during the 1st quarter valued at about $93,000. Finally, Sterling Capital Management LLC lifted its holdings in 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 purchasing an additional 1,250 shares during the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AS has been the topic of several recent analyst reports. KGI Securities set a $44.30 price objective on Amer Sports and gave the stock an “outperform” rating in a report on Wednesday, June 25th. UBS Group restated a “buy” rating and set a $50.00 price target (up previously from $37.00) on shares of Amer Sports in a report on Wednesday, May 21st. Wall Street Zen lowered shares of Amer Sports from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. boosted their target price on shares of Amer Sports from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, Citigroup restated a “buy” rating and issued a $42.00 target price (up previously from $30.00) on shares of Amer Sports in a report on Wednesday, May 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $38.74.

Amer Sports Stock Performance

Shares of AS opened at $35.7540 on Wednesday. The firm has a market cap of $19.80 billion, a price-to-earnings ratio of 96.63, a price-to-earnings-growth ratio of 1.53 and a beta of 3.31. The company’s fifty day moving average is $37.86 and its 200-day moving average is $32.03. The company has a quick ratio of 0.80, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. Amer Sports has a 12 month low of $13.16 and a 12 month high of $40.21.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Tuesday, August 19th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. Amer Sports had a return on equity of 7.21% and a net margin of 3.70%.The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 23.4% compared to the same quarter last year. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. Equities analysts expect that Amer Sports will post 0.46 EPS for the current fiscal year.

About Amer Sports

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.