Barclays Begins Coverage on Amer Sports (NYSE:AS)

Barclays began coverage on shares of Amer Sports (NYSE:AS) in a report released on Tuesday, Marketbeat reports. The firm set an “overweight” rating and a $49.00 price target on the stock. Barclays‘s target price indicates a potential upside of 24.51% from the company’s current price.

Several other research analysts also recently issued reports on AS. Citigroup reiterated a “buy” rating on shares of Amer Sports in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amer Sports in a research note on Monday. JPMorgan Chase & Co. decreased their price target on shares of Amer Sports from $53.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. UBS Group raised their price target on shares of Amer Sports from $52.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Finally, Zacks Research downgraded Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Amer Sports has a consensus rating of “Moderate Buy” and a consensus target price of $44.34.

Amer Sports Stock Up 1.7%

NYSE AS opened at $39.36 on Tuesday. The stock’s 50 day simple moving average is $33.24 and its 200 day simple moving average is $36.07. Amer Sports has a one year low of $20.21 and a one year high of $42.36. The firm has a market cap of $21.80 billion, a PE ratio of 71.56, a price-to-earnings-growth ratio of 1.05 and a beta of 2.85. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.51 and a quick ratio of 0.70.

Amer Sports (NYSE:AS) last issued its quarterly earnings data on Tuesday, November 18th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.08. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.73 billion. Amer Sports had a return on equity of 8.51% and a net margin of 5.10%.The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. As a group, sell-side analysts forecast that Amer Sports will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of Amer Sports

Several institutional investors and hedge funds have recently made changes to their positions in AS. Charles Schwab Investment Management Inc. boosted its position in shares of Amer Sports by 22.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,386 shares of the company’s stock worth $331,000 after purchasing an additional 2,275 shares during the last quarter. Deutsche Bank AG increased its holdings in Amer Sports by 25.9% in the first quarter. Deutsche Bank AG now owns 1,160,491 shares of the company’s stock valued at $31,020,000 after purchasing an additional 238,937 shares during the last quarter. Citigroup Inc. lifted its stake in Amer Sports by 1,402.2% in the first quarter. Citigroup Inc. now owns 441,628 shares of the company’s stock valued at $11,805,000 after buying an additional 412,229 shares during the period. Invesco Ltd. boosted its holdings in Amer Sports by 39.3% during the first quarter. Invesco Ltd. now owns 60,177 shares of the company’s stock worth $1,609,000 after buying an additional 16,981 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Amer Sports during the 1st quarter worth about $9,169,000. Institutional investors own 40.25% of the company’s stock.

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.