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

Amer Sports, Inc. (NYSE:AS) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 9,364,289 shares, a drop of 12.9% from the February 26th total of 10,754,991 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average trading volume of 6,887,871 shares, the short-interest ratio is currently 1.4 days.

Amer Sports Stock Performance

Shares of AS stock opened at $32.94 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 0.76 and a debt-to-equity ratio of 0.25. Amer Sports has a 12-month low of $20.21 and a 12-month high of $42.76. The business’s 50 day moving average is $36.29 and its two-hundred day moving average is $35.50. The company has a market capitalization of $18.24 billion, a P/E ratio of 43.92, a P/E/G ratio of 1.24 and a beta of 2.80.

Amer Sports (NYSE:AS) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Amer Sports had a net margin of 6.51% and a return on equity of 9.74%. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter last year, the company earned $0.17 EPS. The firm’s revenue for the quarter was up 28.5% compared to the same quarter last year. Amer Sports has set its FY 2026 guidance at 1.100-1.150 EPS and its Q1 2026 guidance at 0.280-0.300 EPS. Analysts expect that Amer Sports will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Amer Sports

Hedge funds have recently modified their holdings of the business. Aspex Management HK Ltd acquired a new stake in Amer Sports in the 3rd quarter valued at about $206,244,000. Artisan Partners Limited Partnership boosted its holdings in shares of Amer Sports by 1,306.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock worth $194,759,000 after purchasing an additional 4,843,742 shares during the last quarter. Scopus Asset Management L.P. purchased a new stake in shares of Amer Sports in the second quarter valued at approximately $108,562,000. Viking Global Investors LP increased its holdings in shares of Amer Sports by 63.5% in the third 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 last quarter. Finally, WT Asset Management Ltd increased its holdings in shares of Amer Sports by 221.5% in the third quarter. WT Asset Management Ltd now owns 3,499,062 shares of the company’s stock valued at $121,592,000 after purchasing an additional 2,410,861 shares during the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AS. UBS Group restated a “buy” rating on shares of Amer Sports in a research note on Friday, March 13th. Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a research note on Friday, February 20th. Evercore raised their target price on shares of Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Barclays assumed coverage on shares of Amer Sports in a research report on Tuesday, December 9th. They set an “overweight” rating and a $49.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft set a $49.00 target price on Amer Sports in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Amer Sports currently has a consensus rating of “Buy” and an average price target of $47.12.

Amer Sports Company Profile

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).