Stock Traders Buy High Volume of Amer Sports Call Options (NYSE:AS)

Amer Sports, Inc. (NYSE:AS) was the recipient of some unusual options trading on Wednesday. Investors bought 17,263 call options on the company. This is an increase of approximately 100% compared to the average daily volume of 8,642 call options.

Amer Sports Price Performance

NYSE AS traded down $0.74 during trading hours on Wednesday, hitting $28.72. The company had a trading volume of 4,022,755 shares, compared to its average volume of 4,755,000. Amer Sports has a 52 week low of $28.72 and a 52 week high of $42.76. The firm has a 50 day simple moving average of $34.13 and a 200 day simple moving average of $34.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.80 and a current ratio of 1.76. The firm has a market capitalization of $15.91 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 0.98 and a beta of 1.99.

Amer Sports (NYSE:AS) last released its quarterly earnings results on Tuesday, August 18th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. Amer Sports had a net margin of 7.35% and a return on equity of 11.18%. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 EPS. Amer Sports has set its FY 2026 guidance at 1.270-1.300 EPS and its Q3 2026 guidance at 0.310-0.330 EPS. Equities research analysts expect that Amer Sports will post 1.29 earnings per share for the current year.

Hedge Funds Weigh In On Amer Sports

Several institutional investors and hedge funds have recently made changes to their positions in AS. Aspex Management HK Ltd raised its holdings in shares of Amer Sports by 27.9% during the fourth quarter. Aspex Management HK Ltd now owns 7,593,627 shares of the company’s stock valued at $283,622,000 after acquiring an additional 1,658,536 shares in the last quarter. Viking Global Investors LP lifted its stake in shares of Amer Sports by 63.5% in the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock valued at $220,436,000 after purchasing an additional 2,462,832 shares during the period. Artisan Partners Limited Partnership boosted its position in shares of Amer Sports by 1,306.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock valued at $194,759,000 after purchasing an additional 4,843,742 shares in the last quarter. Avala Global LP grew its stake in Amer Sports by 38.8% in the fourth quarter. Avala Global LP now owns 4,637,149 shares of the company’s stock worth $173,198,000 after purchasing an additional 1,297,200 shares during the period. Finally, Morgan Stanley grew its stake in Amer Sports by 16.0% in the fourth quarter. Morgan Stanley now owns 3,707,204 shares of the company’s stock worth $138,464,000 after purchasing an additional 510,419 shares during the period. Institutional investors own 40.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on AS. Weiss Ratings cut shares of Amer Sports from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 19th. Truist Financial reduced their price objective on Amer Sports from $50.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, August 19th. JPMorgan Chase & Co. raised their target price on Amer Sports from $59.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Barclays upped their price target on Amer Sports from $49.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.14.

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).