Amer Sports (NYSE:AS) Upgraded to “Buy” at Wall Street Zen

Amer Sports (NYSE:AS) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Friday.

AS has been the topic of a number of other reports. Piper Sandler initiated coverage on shares of Amer Sports in a research note on Thursday, June 26th. They issued an “overweight” rating and a $45.00 price objective on the stock. UBS Group increased their price objective on shares of Amer Sports from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Bank of America increased their price objective on shares of Amer Sports from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Morgan Stanley increased their price objective on shares of Amer Sports from $28.00 to $33.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 21st. Finally, Citigroup reissued a “buy” rating and issued a $42.00 price objective (up from $30.00) on shares of Amer Sports in a research note on Wednesday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.62.

Amer Sports Stock Down 3.3%

AS stock opened at $36.56 on Friday. The company has a fifty day moving average price of $38.36 and a 200 day moving average price of $32.75. Amer Sports has a 12 month low of $13.43 and a 12 month high of $42.36. The company has a market cap of $20.25 billion, a price-to-earnings ratio of 89.16, a price-to-earnings-growth ratio of 1.26 and a beta of 3.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.60 and a quick ratio of 0.61.

Amer Sports (NYSE:AS) last announced its quarterly earnings data on Tuesday, August 19th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.18 billion. Amer Sports had a net margin of 3.93% and a return on equity of 6.87%. Amer Sports’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 EPS. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. Sell-side analysts expect that Amer Sports will post 0.46 earnings per share for the current year.

Institutional Trading of Amer Sports

A number of hedge funds have recently made changes to their positions in AS. Quarry LP purchased a new stake in shares of Amer Sports during the first quarter valued at approximately $34,000. SBI Securities Co. Ltd. raised its holdings in Amer Sports by 146.4% in the second quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock valued at $35,000 after acquiring an additional 533 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Amer Sports by 174.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock valued at $63,000 after acquiring an additional 1,011 shares during the last quarter. Colonial Trust Advisors acquired a new position in Amer Sports during the 1st quarter worth $93,000. Finally, GAMMA Investing LLC increased its position in shares of Amer Sports by 17.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock worth $101,000 after purchasing an additional 387 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.