Investors Purchase High Volume of Amer Sports Call Options (NYSE:AS)

Amer Sports, Inc. (NYSE:AS) was the target of some unusual options trading activity on Monday. Investors bought 15,110 call options on the company. This represents an increase of approximately 118% compared to the average volume of 6,945 call options.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AS. Robert W. Baird boosted their target price on shares of Amer Sports from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, September 19th. HSBC set a $50.00 price objective on shares of Amer Sports and gave the company a “buy” rating in a report on Tuesday, August 26th. Bank of America raised their target price on shares of Amer Sports from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Zacks Research upgraded shares of Amer Sports from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Finally, Citigroup reissued a “buy” rating on shares of Amer Sports in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.21.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AS. Aspex Management HK Ltd bought a new position in Amer Sports in the third quarter valued at about $206,244,000. Scopus Asset Management L.P. bought a new position in shares of Amer Sports during the second quarter valued at about $108,562,000. Viking Global Investors LP grew its stake in Amer Sports by 63.5% in the 3rd 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 period. WT Asset Management Ltd lifted its stake in 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. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Amer Sports by 139.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,887,480 shares of the company’s stock valued at $150,679,000 after buying an additional 2,267,066 shares in the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Amer Sports Price Performance

NYSE AS traded up $0.27 on Monday, hitting $30.64. 4,910,990 shares of the company’s stock were exchanged, compared to its average volume of 4,292,541. The stock has a 50-day moving average of $33.21 and a 200-day moving average of $35.40. The stock has a market cap of $16.97 billion, a price-to-earnings ratio of 74.54, a P/E/G ratio of 0.97 and a beta of 2.98. Amer Sports has a 52 week low of $18.56 and a 52 week high of $42.36. The company has a current ratio of 1.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24.

Amer Sports (NYSE:AS) last released its quarterly earnings data on Tuesday, August 19th. The company reported $0.06 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the firm posted $0.05 earnings per share. Amer Sports’s revenue was up 23.4% compared to the same quarter last year. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. Analysts expect that Amer Sports will post 0.46 earnings per share 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.