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

Amer Sports, Inc. (NYSE:AS) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 6,320,000 shares, a growth of 25.1% from the January 31st total of 5,050,000 shares. Based on an average trading volume of 3,220,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 5.9% of the company’s stock are sold short.

Institutional Investors Weigh In On Amer Sports

A number of institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in Amer Sports by 61.8% in the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock worth $54,000 after buying an additional 742 shares during the period. West Branch Capital LLC boosted its holdings in shares of Amer Sports by 14,285.7% in the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock valued at $28,000 after acquiring an additional 1,000 shares during the last quarter. Signaturefd LLC increased its stake in shares of Amer Sports by 35.0% in the fourth quarter. Signaturefd LLC now owns 4,136 shares of the company’s stock worth $116,000 after acquiring an additional 1,073 shares during the period. Sterling Capital Management LLC raised its holdings in shares of Amer Sports by 55.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,487 shares of the company’s stock worth $97,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Kieckhefer Group LLC acquired a new position in Amer Sports during the fourth quarter valued at $42,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Amer Sports from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Sanford C. Bernstein initiated coverage on shares of Amer Sports in a report on Thursday, February 13th. They issued an “outperform” rating and a $38.00 target price for the company. Wells Fargo & Company raised their price target on shares of Amer Sports from $25.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. The Goldman Sachs Group lifted their price objective on shares of Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Finally, UBS Group increased their target price on shares of Amer Sports from $37.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.50.

Amer Sports Stock Performance

Shares of NYSE:AS traded up $0.46 on Wednesday, hitting $29.40. 2,629,637 shares of the company were exchanged, compared to its average volume of 3,167,839. The firm has a market capitalization of $16.06 billion and a P/E ratio of -209.96. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. Amer Sports has a 1-year low of $10.11 and a 1-year high of $34.00. The stock’s 50 day moving average price is $30.14 and its 200 day moving average price is $23.06.

Amer Sports (NYSE:AS) last issued its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.60 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. Sell-side analysts predict that Amer Sports will post 0.46 EPS for the current year.

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.