Amer Sports, Inc. (NYSE:AS) Short Interest Update

Amer Sports, Inc. (NYSE:AS) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 8,880,000 shares, an increase of 40.5% from the February 13th total of 6,320,000 shares. Currently, 8.3% of the shares of the company are short sold. Based on an average daily volume of 3,450,000 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Investors Weigh In On Amer Sports

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new stake in shares of Amer Sports in the 3rd quarter worth approximately $25,000. West Branch Capital LLC grew its holdings in Amer Sports by 14,285.7% in the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock valued at $28,000 after purchasing an additional 1,000 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in Amer Sports in the fourth quarter valued at $42,000. GAMMA Investing LLC increased its position in shares of Amer Sports by 61.8% in the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock valued at $54,000 after buying an additional 742 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Amer Sports in the 3rd quarter worth about $61,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Sanford C. Bernstein started coverage on Amer Sports in a research report on Thursday, February 13th. They issued an “outperform” rating and a $38.00 target price for the company. JPMorgan Chase & Co. lifted their price objective on shares of Amer Sports from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. HSBC downgraded shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research note on Monday, December 16th. Morgan Stanley boosted their price target on Amer Sports from $19.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Finally, Citigroup increased their price objective on Amer Sports from $24.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.64.

Amer Sports Price Performance

AS stock traded up $1.09 on Friday, reaching $27.70. 4,881,852 shares of the company’s stock were exchanged, compared to its average volume of 3,435,652. Amer Sports has a twelve month low of $10.11 and a twelve month high of $34.00. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average of $29.93 and a 200-day moving average of $23.75. The firm has a market cap of $15.34 billion and a PE ratio of -197.82.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. As a group, equities analysts predict that Amer Sports will post 0.46 EPS for the current fiscal year.

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.