Brokerages Set Amer Sports, Inc. (NYSE:AS) PT at $18.36

Shares of Amer Sports, Inc. (NYSE:AS) have earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $18.50.

Several research analysts recently commented on the company. Evercore ISI reiterated an “outperform” rating and issued a $21.00 price target on shares of Amer Sports in a research report on Wednesday, August 21st. UBS Group lifted their target price on Amer Sports from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Morgan Stanley decreased their price target on Amer Sports from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, May 23rd.

Amer Sports Stock Up 2.1 %

Shares of AS opened at $14.12 on Monday. 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 has a 1 year low of $10.11 and a 1 year high of $18.23. The business’s 50 day simple moving average is $12.16 and its 200-day simple moving average is $14.11.

Amer Sports (NYSE:AS) last released its quarterly earnings results on Tuesday, August 20th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.11. The business had revenue of $993.80 million for the quarter, compared to analysts’ expectations of $947.59 million. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities research analysts anticipate that Amer Sports will post 0.4 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Hood River Capital Management LLC grew its stake in Amer Sports by 32.9% in the 2nd quarter. Hood River Capital Management LLC now owns 3,896,784 shares of the company’s stock worth $48,983,000 after acquiring an additional 965,625 shares in the last quarter. Point72 Hong Kong Ltd lifted its holdings in shares of Amer Sports by 557.7% in the 2nd quarter. Point72 Hong Kong Ltd now owns 3,274,519 shares of the company’s stock worth $41,161,000 after buying an additional 2,776,619 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of Amer Sports by 308.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,106,202 shares of the company’s stock worth $39,045,000 after buying an additional 2,345,420 shares during the period. Shellback Capital LP grew its position in shares of Amer Sports by 5.0% during the 2nd quarter. Shellback Capital LP now owns 525,000 shares of the company’s stock worth $6,599,000 after buying an additional 25,000 shares in the last quarter. Finally, Capstone Investment Advisors LLC purchased a new position in shares of Amer Sports during the first quarter valued at $7,301,000. 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.