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

Amer Sports (NYSE:AS) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of Amer Sports in a research note on Monday, December 29th. Barclays assumed coverage on shares of Amer Sports in a report on Tuesday, December 9th. They issued an “overweight” rating and a $49.00 price target for the company. Truist Financial set a $46.00 price objective on shares of Amer Sports in a research note on Wednesday, January 14th. Evercore ISI increased their price target on Amer Sports from $43.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 19th. Finally, Nomura Securities raised Amer Sports from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $46.06.

Amer Sports Trading Down 1.7%

Shares of AS opened at $36.42 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.70 and a current ratio of 1.51. The company has a market capitalization of $20.17 billion, a PE ratio of 66.21, a price-to-earnings-growth ratio of 0.73 and a beta of 2.86. The stock has a fifty day moving average of $36.83 and a two-hundred day moving average of $36.17. Amer Sports has a fifty-two week low of $20.21 and a fifty-two week high of $42.36.

Amer Sports (NYSE:AS) last posted its quarterly earnings data 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 net margin of 5.10% and a return on equity of 8.51%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the firm posted $0.14 earnings per share. The business’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 forecast that Amer Sports will post 0.46 EPS for the current year.

Institutional Investors Weigh In On Amer Sports

Several institutional investors have recently made changes to their positions in the company. Mezzasalma Advisors LLC bought a new stake in shares of Amer Sports in the 4th quarter valued at approximately $989,000. Stonehage Fleming Financial Services Holdings Ltd raised its holdings in Amer Sports by 4.2% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 30,759 shares of the company’s stock valued at $1,149,000 after buying an additional 1,251 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Amer Sports by 4,787.4% in the fourth quarter. SG Americas Securities LLC now owns 271,836 shares of the company’s stock valued at $10,153,000 after purchasing an additional 266,274 shares during the period. Park Avenue Securities LLC acquired a new stake in shares of Amer Sports in the fourth quarter worth $385,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Amer Sports by 9.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 684,783 shares of the company’s stock worth $23,796,000 after buying an additional 58,350 shares during the period. 40.25% of the stock is currently owned by institutional investors and hedge funds.

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).