Amer Sports (NYSE:AS) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Equities researchers at Deutsche Bank Aktiengesellschaft started coverage on shares of Amer Sports (NYSE:AS) in a note issued to investors on Thursday. The firm set a “buy” rating on the stock.

Several other equities analysts have also issued reports on AS. Zacks Research raised shares of Amer Sports from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Robert W. Baird boosted their target price on Amer Sports from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, September 19th. UBS Group reiterated a “buy” rating and issued a $58.00 price target on shares of Amer Sports in a research note on Thursday. Wall Street Zen downgraded Amer Sports from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Finally, Barclays began coverage on Amer Sports in a research note on Tuesday, December 9th. They set an “overweight” rating and a $49.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $45.65.

Amer Sports Stock Up 2.6%

AS stock traded up $1.01 during trading on Thursday, reaching $39.40. 567,730 shares of the company traded hands, compared to its average volume of 2,654,313. The business has a 50 day simple moving average of $35.59 and a 200 day simple moving average of $36.21. Amer Sports has a 12 month low of $20.21 and a 12 month high of $42.36. 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 $21.82 billion, a price-to-earnings ratio of 71.56, a price-to-earnings-growth ratio of 0.86 and a beta of 2.86.

Amer Sports (NYSE:AS) last released its quarterly earnings results on Tuesday, November 18th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.25 by $0.08. Amer Sports had a net margin of 5.10% and a return on equity of 8.51%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the firm posted $0.14 earnings per share. The company’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. On average, equities research analysts anticipate that Amer Sports will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of Amer Sports

Hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC acquired a new stake in Amer Sports during the 1st quarter worth $565,000. Goldman Sachs Group Inc. grew its position in Amer Sports by 44.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company’s stock valued at $31,372,000 after buying an additional 358,536 shares during the last quarter. Strs Ohio acquired a new position in shares of Amer Sports during the first quarter worth about $981,000. Voya Investment Management LLC acquired a new stake in shares of Amer Sports in the 1st quarter valued at approximately $210,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Amer Sports during the 2nd quarter worth $6,032,000. Hedge funds and other institutional investors 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).