Amer Sports Target of Unusually Large Options Trading (NYSE:AS)

Amer Sports, Inc. (NYSE:AS) saw unusually large options trading activity on Wednesday. Investors bought 22,334 call options on the stock. This represents an increase of approximately 254% compared to the average volume of 6,315 call options.

Amer Sports Stock Performance

Shares of NYSE AS traded down $0.86 during trading hours on Wednesday, reaching $37.22. The stock had a trading volume of 4,464,196 shares, compared to its average volume of 3,428,708. Amer Sports has a twelve month low of $20.21 and a twelve month high of $42.36. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.51 and a quick ratio of 0.70. The business’s fifty day moving average is $37.42 and its two-hundred day moving average is $36.13. The company has a market cap of $20.62 billion, a price-to-earnings ratio of 67.68, a PEG ratio of 0.75 and a beta of 2.86.

Amer Sports (NYSE:AS) last announced its quarterly earnings data on Tuesday, November 18th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Amer Sports had a net margin of 5.10% and a return on equity of 8.51%. The business’s revenue was up 29.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 EPS. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. As a group, research analysts expect that Amer Sports will post 0.46 EPS for the current year.

Hedge Funds Weigh In On Amer Sports

A number of large investors have recently modified their holdings of AS. GAMMA Investing LLC raised its position in shares of Amer Sports by 17.4% in the second quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock valued at $101,000 after purchasing an additional 387 shares during the period. Choreo LLC grew its stake in shares of Amer Sports by 4.9% in the fourth quarter. Choreo LLC now owns 9,387 shares of the company’s stock valued at $354,000 after acquiring an additional 437 shares in the last quarter. SBI Securities Co. Ltd. increased its position in Amer Sports by 146.4% during the second quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock worth $35,000 after acquiring an additional 533 shares during the period. Mackenzie Financial Corp increased its position in Amer Sports by 1.1% during the third quarter. Mackenzie Financial Corp now owns 48,745 shares of the company’s stock worth $1,694,000 after acquiring an additional 540 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in Amer Sports by 2.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 35,300 shares of the company’s stock worth $1,227,000 after purchasing an additional 700 shares in the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Amer Sports in a report on Monday, December 29th. Barclays initiated coverage on Amer Sports in a research report on Tuesday, December 9th. They set an “overweight” rating and a $49.00 target price for the company. UBS Group boosted their price objective on shares of Amer Sports from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Evercore ISI boosted their target price on shares of Amer Sports from $43.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 19th. Finally, Wall Street Zen cut Amer Sports from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Amer Sports currently has a consensus rating of “Buy” and a consensus price target of $46.06.

About Amer Sports

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).