Amer Sports (NYSE:AS) Cut to Hold at Zacks Research

Zacks Research lowered shares of Amer Sports (NYSE:AS) from a strong-buy rating to a hold rating in a research report released on Monday,Zacks.com reports.

A number of other research analysts have also recently issued reports on AS. Truist Financial set a $46.00 target price on shares of Amer Sports in a report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft set a $49.00 price target on Amer Sports in a report on Thursday, January 8th. Nomura set a $39.80 price objective on Amer Sports and gave the stock a “buy” rating in a report on Tuesday, November 18th. Barclays initiated coverage on Amer Sports in a research report on Tuesday, December 9th. They set an “overweight” rating and a $49.00 target price on the stock. Finally, Wall Street Zen cut Amer Sports from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $46.06.

Amer Sports Stock Down 1.6%

AS stock opened at $35.88 on Monday. The stock has a market capitalization of $19.87 billion, a PE ratio of 65.24, a price-to-earnings-growth ratio of 0.72 and a beta of 2.86. The company has a fifty day moving average of $36.92 and a 200-day moving average of $36.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.70 and a current ratio of 1.51. Amer Sports has a one year low of $20.21 and a one year high of $42.36.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System acquired a new position in Amer Sports during the second quarter valued at approximately $281,000. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Amer Sports in the second quarter worth $647,000. Fortress Investment Group LLC purchased a new position in shares of Amer Sports in the 2nd quarter valued at $9,634,000. Jefferies Financial Group Inc. acquired a new position in shares of Amer Sports during the 2nd quarter valued at $5,447,000. Finally, Osaic Holdings Inc. acquired a new position in shares of Amer Sports during the 2nd quarter valued at $2,898,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

About Amer Sports

Amer Sports (NYSE:AS) is a Helsinki-based sporting goods group that designs, develops and markets performance-oriented equipment, apparel and footwear across multiple sports. The company focuses on product innovation, brand-driven marketing and global distribution to serve athletes and outdoor enthusiasts, offering goods for activities such as skiing, running, hiking, tennis, golf and diving.

Amer Sports’ portfolio comprises well-known sports and outdoor brands, including Salomon (outdoor footwear and winter sports), Atomic (alpine skis and ski equipment), Arc’teryx (technical outerwear and climbing gear), Wilson (racquet and ball sports equipment) and Suunto (precision instruments and sports watches).