Amer Sports, Inc. (NYSE:AS) Short Interest Up 40.5% in February

Amer Sports, Inc. (NYSE:AS) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 8,880,000 shares, a growth of 40.5% from the February 13th total of 6,320,000 shares. Based on an average daily volume of 3,450,000 shares, the short-interest ratio is currently 2.6 days. Approximately 8.3% of the company’s shares are short sold.

Amer Sports Stock Up 2.8 %

Shares of Amer Sports stock opened at $28.48 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. The company has a 50-day moving average of $29.90 and a 200 day moving average of $23.93. The firm has a market cap of $15.77 billion and a price-to-earnings ratio of -203.38. Amer Sports has a 1 year low of $10.11 and a 1 year high of $34.00.

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

Institutional Trading of Amer Sports

Several institutional investors have recently bought and sold shares of the company. FMR LLC grew its position in Amer Sports by 250.7% during the 4th quarter. FMR LLC now owns 26,414,511 shares of the company’s stock valued at $738,550,000 after purchasing an additional 18,881,504 shares during the last quarter. Brilliance Asset Management Ltd. boosted its holdings in shares of Amer Sports by 5.1% during the 4th quarter. Brilliance Asset Management Ltd. now owns 4,073,061 shares of the company’s stock valued at $113,883,000 after acquiring an additional 196,380 shares during the last quarter. Candlestick Capital Management LP boosted its holdings in shares of Amer Sports by 1.7% during the 4th quarter. Candlestick Capital Management LP now owns 3,864,510 shares of the company’s stock valued at $108,052,000 after acquiring an additional 63,078 shares during the last quarter. WT Asset Management Ltd boosted its holdings in shares of Amer Sports by 188.2% during the 4th quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company’s stock valued at $100,834,000 after acquiring an additional 2,355,182 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Amer Sports by 262.5% during the 4th quarter. Marshall Wace LLP now owns 3,316,167 shares of the company’s stock valued at $92,720,000 after acquiring an additional 2,401,302 shares during the last quarter. 40.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on AS shares. The Goldman Sachs Group upped their price target on shares of Amer Sports from $28.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Morgan Stanley upped their price target on shares of Amer Sports from $19.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Sanford C. Bernstein started coverage on shares of Amer Sports in a report on Thursday, February 13th. They set an “outperform” rating and a $38.00 price target for the company. Wells Fargo & Company upped their price target on shares of Amer Sports from $25.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Finally, Citigroup upped their price target on shares of Amer Sports from $24.00 to $36.00 and gave the company a “buy” rating in a 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’s stock. Based on data from MarketBeat.com, Amer Sports currently has a consensus rating of “Moderate Buy” and an average price target of $32.64.

About Amer Sports

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.