Amer Sports’ (AS) “Hold (C-)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c-) rating on shares of Amer Sports (NYSE:AS) in a research note published on Wednesday,Weiss Ratings reports.

A number of other research firms have also weighed in on AS. Piper Sandler assumed coverage on Amer Sports in a report on Thursday, June 26th. They set an “overweight” rating and a $45.00 target price for the company. Zacks Research lowered Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. Robert W. Baird upped their target price on Amer Sports from $45.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, September 19th. Nomura Securities lowered Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Citigroup increased their price objective on Amer Sports from $42.00 to $50.00 and gave the company a “buy” rating in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.49.

Amer Sports Stock Down 4.8%

Amer Sports stock opened at $30.90 on Wednesday. The business has a fifty day moving average of $36.90 and a two-hundred day moving average of $33.91. The company has a quick ratio of 0.61, a current ratio of 1.60 and a debt-to-equity ratio of 0.24. The firm has a market cap of $17.11 billion, a P/E ratio of 75.36, a P/E/G ratio of 1.04 and a beta of 3.04. Amer Sports has a twelve month low of $17.32 and a twelve month high of $42.36.

Amer Sports (NYSE:AS) last posted its earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.18 billion. Amer Sports had a return on equity of 6.87% and a net margin of 3.93%.Amer Sports’s revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 earnings per share. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. On average, analysts forecast that Amer Sports will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amer Sports

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AS. Quarry LP purchased a new position in Amer Sports in the 1st quarter worth $34,000. SBI Securities Co. Ltd. grew its position in Amer Sports by 146.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock worth $35,000 after purchasing an additional 533 shares during the period. Smartleaf Asset Management LLC grew its position in Amer Sports by 174.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock worth $63,000 after purchasing an additional 1,011 shares during the period. Colonial Trust Advisors acquired a new stake in Amer Sports during the 1st quarter worth about $93,000. Finally, GAMMA Investing LLC grew its position in Amer Sports by 17.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock worth $101,000 after purchasing an additional 387 shares during the period. Hedge funds and other institutional investors own 40.25% of the company’s stock.

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.