Zacks Research Downgrades Amer Sports (NYSE:AS) to Hold

Key Points

• Amer Sports has been downgraded by Zacks Research from a "strong-buy" to a "hold" rating, reflecting a shift in analyst sentiment regarding the stock.
• The company's stock currently has an average rating of "Moderate Buy" with a price target of $41.62, as reported by MarketBeat.
• Amer Sports announced a quarterly revenue of $1.24 billion, exceeding analyst expectations and showing a year-over-year increase of 23.4%.

Zacks Research downgraded shares of Amer Sports (NYSE:AS - Free Report) from a strong-buy rating to a hold rating in a research note published on Thursday morning,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the company. KGI Securities set a $44.30 target price on Amer Sports and gave the stock an "outperform" rating in a report on Wednesday, June 25th. Bank of America lifted their price objective on Amer Sports from $42.00 to $45.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. The Goldman Sachs Group lifted their price objective on Amer Sports from $44.00 to $45.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Wall Street Zen cut Amer Sports from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Morgan Stanley lifted their price objective on Amer Sports from $28.00 to $33.00 and gave the company an "equal weight" rating in a report on Wednesday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $41.62.

Amer Sports Trading Down 0.4%

AS traded down $0.14 during midday trading on Thursday, reaching $37.89. 2,518,928 shares of the company were exchanged, compared to its average volume of 4,073,346. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 1.60. Amer Sports has a one year low of $13.34 and a one year high of $42.36. The stock has a market capitalization of $20.98 billion, a P/E ratio of 92.41, a PEG ratio of 1.32 and a beta of 3.30. The stock's 50-day simple moving average is $38.41 and its 200 day simple moving average is $32.63.

Amer Sports (NYSE:AS - Get Free Report) last issued its earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.04. Amer Sports had a return on equity of 6.87% and a net margin of 3.93%.The firm had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter last year, the business earned $0.05 earnings per share. The company'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. As a group, analysts forecast that Amer Sports will post 0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AS. Quarry LP acquired a new position in shares of Amer Sports during the 1st quarter worth approximately $34,000. SBI Securities Co. Ltd. increased its holdings in shares of Amer Sports by 146.4% during the 2nd 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 last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Amer Sports by 174.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company's stock worth $63,000 after acquiring an additional 1,011 shares during the last quarter. Colonial Trust Advisors acquired a new position in shares of Amer Sports during the 1st quarter worth approximately $93,000. Finally, GAMMA Investing LLC increased its holdings in shares of Amer Sports by 17.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,614 shares of the company's stock worth $101,000 after acquiring an additional 387 shares during the last quarter. Institutional investors and hedge funds own 40.25% of the company's stock.

About Amer Sports

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.