Weiss Ratings Reiterates “Hold (C-)” Rating for Amer Sports (NYSE:AS)

Amer Sports (NYSE:AS)‘s stock had its “hold (c-)” rating reissued by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. increased their target price on Amer Sports from $46.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Citigroup boosted their price target on shares of Amer Sports from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Nomura Securities cut shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Hsbc Global Res upgraded shares of Amer Sports from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 27th. Finally, Zacks Research cut shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.49.

Amer Sports Stock Down 6.0%

Amer Sports stock opened at $32.47 on Wednesday. Amer Sports has a fifty-two week low of $17.32 and a fifty-two week high of $42.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 1.60. The firm has a 50 day moving average price of $37.01 and a 200 day moving average price of $33.90. The company has a market capitalization of $17.98 billion, a PE ratio of 79.20, a price-to-earnings-growth ratio of 1.10 and a beta of 3.04.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Amer Sports by 17.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock valued at $101,000 after buying an additional 387 shares during the last quarter. Scotia Capital Inc. grew its position in shares of Amer Sports by 1.0% in the 1st quarter. Scotia Capital Inc. now owns 50,841 shares of the company’s stock valued at $1,359,000 after buying an additional 488 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in Amer Sports by 146.4% in the second quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock valued at $35,000 after acquiring an additional 533 shares in the last quarter. Signaturefd LLC boosted its stake in Amer Sports by 19.1% in the first quarter. Signaturefd LLC now owns 4,925 shares of the company’s stock valued at $132,000 after acquiring an additional 789 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Amer Sports by 174.3% in the second quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock valued at $63,000 after acquiring an additional 1,011 shares in the last quarter. 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.