Amer Sports (NYSE:AS) Hits New 12-Month Low at $10.41

Amer Sports, Inc. (NYSE:AS)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $10.41 and last traded at $10.50, with a volume of 46150 shares changing hands. The stock had previously closed at $10.78.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AS shares. Wells Fargo & Company lowered their price target on shares of Amer Sports from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. Sanford C. Bernstein restated a “market perform” rating and issued a $16.00 target price (down from $18.50) on shares of Amer Sports in a research note on Monday, April 8th. Finally, Morgan Stanley dropped their target price on Amer Sports from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 23rd. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Amer Sports presently has a consensus rating of “Moderate Buy” and an average price target of $18.79.

Amer Sports Price Performance

The company’s 50-day moving average is $13.10. The company has a quick ratio of 0.97, a current ratio of 1.96 and a debt-to-equity ratio of 0.07.

Amer Sports (NYSE:AS) last issued its quarterly earnings data on Tuesday, May 21st. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.13 billion. The firm’s revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts expect that Amer Sports, Inc. will post 0.4 EPS for the current year.

Institutional Trading of Amer Sports

Several large investors have recently modified their holdings of AS. Seven Grand Managers LLC acquired a new stake in shares of Amer Sports in the 1st quarter valued at about $1,630,000. SYSTM Wealth Solutions LLC acquired a new position in Amer Sports in the 1st quarter valued at approximately $319,000. China Universal Asset Management Co. Ltd. acquired a new position in shares of Amer Sports during the 1st quarter worth $1,521,000. Capstone Investment Advisors LLC acquired a new position in Amer Sports in the 1st quarter valued at $7,301,000. Finally, Sei Investments Co. bought a new stake in Amer Sports in the 1st quarter valued at $968,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

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.