Amer Sports (NYSE:AS) Downgraded by Zacks Research to Hold

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

Several other equities analysts have also recently weighed in on AS. Robert W. Baird lifted their target price on Amer Sports from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, September 19th. Evercore ISI raised their price target on shares of Amer Sports from $43.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday. Bank of America boosted their price objective on shares of Amer Sports from $45.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Nomura Securities upgraded shares of Amer Sports from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Finally, UBS Group lifted their target price on shares of Amer Sports from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.06.

Amer Sports Trading Up 2.0%

NYSE AS traded up $0.69 on Tuesday, hitting $35.45. 595,002 shares of the stock were exchanged, compared to its average volume of 4,361,766. The company’s 50-day moving average price is $32.99 and its two-hundred day moving average price is $35.50. 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 has a 52-week low of $20.21 and a 52-week high of $42.36. The company has a market capitalization of $19.63 billion, a price-to-earnings ratio of 64.49, a P/E/G ratio of 0.99 and a beta of 2.97.

Amer Sports (NYSE:AS) last released its earnings results on Tuesday, November 18th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. Amer Sports had a return on equity of 8.68% and a net margin of 5.10%.The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was up 29.7% on a year-over-year basis. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. Research analysts predict that Amer Sports will post 0.46 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its holdings in shares of Amer Sports by 484.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock valued at $29,000 after purchasing an additional 703 shares in the last quarter. Stance Capital LLC acquired a new position in Amer Sports during the third quarter worth $1,284,000. Jacobs Levy Equity Management Inc. bought a new position in Amer Sports during the third quarter valued at about $1,336,000. Armistice Capital LLC lifted its position in shares of Amer Sports by 64.4% in the third quarter. Armistice Capital LLC now owns 166,602 shares of the company’s stock worth $5,789,000 after buying an additional 65,293 shares during the last quarter. Finally, Woodline Partners LP acquired a new stake in shares of Amer Sports in the third quarter worth about $1,216,000. Institutional investors and hedge funds 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.