Amer Sports (NYSE:AS) Given New $45.00 Price Target at Robert W. Baird

Key Points

• Investment analysts at Robert W. Baird raised the price target for Amer Sports (NYSE:AS) from $44.00 to $45.00, indicating a potential upside of 25.86% from its previous close.
• Amer Sports reported earnings of $0.06 per share, exceeding analysts' expectations and showing a 23.4% increase in revenue year-over-year, totaling $1.24 billion.
• The company currently enjoys a consensus rating of "Moderate Buy" from analysts, with twelve ratings as "Buy" and four as "Hold".

Amer Sports (NYSE:AS - Free Report) had its target price raised by Robert W. Baird from $44.00 to $45.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts also recently commented on the stock. KGI Securities set a $44.30 target price on shares of Amer Sports and gave the stock an "outperform" rating in a report on Wednesday, June 25th. UBS Group reaffirmed a "buy" rating and issued a $50.00 price target (up previously from $37.00) on shares of Amer Sports in a report on Wednesday, May 21st. Citigroup reissued a "buy" rating and set a $42.00 price objective (up from $30.00) on shares of Amer Sports in a research note on Wednesday, May 21st. Wells Fargo & Company set a $35.00 target price on Amer Sports and gave the stock an "equal weight" rating in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. increased their price target on Amer Sports from $45.00 to $46.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Amer Sports presently has a consensus rating of "Moderate Buy" and an average price target of $40.29.

Amer Sports Price Performance

Shares of AS stock traded up $4.30 during mid-day trading on Wednesday, hitting $41.50. 9,367,222 shares of the stock traded hands, compared to its average volume of 4,178,347. Amer Sports has a twelve month low of $13.16 and a twelve month high of $41.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.80 and a current ratio of 1.60. The company's 50-day simple moving average is $37.95 and its 200-day simple moving average is $32.18. The firm has a market cap of $22.98 billion, a price-to-earnings ratio of 101.22, a price-to-earnings-growth ratio of 1.24 and a beta of 3.31.

Amer Sports (NYSE:AS - Get Free Report) last announced its earnings results 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 during the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter last year, the business posted $0.05 earnings per share. The company's quarterly revenue was up 23.4% on a year-over-year basis. 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, equities research analysts expect that Amer Sports will post 0.46 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AS. GAMMA Investing LLC boosted its stake 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 valued at $101,000 after buying an additional 387 shares during the period. Scotia Capital Inc. boosted its position in Amer Sports by 1.0% during the first quarter. Scotia Capital Inc. now owns 50,841 shares of the company's stock valued at $1,359,000 after purchasing an additional 488 shares during the last quarter. SBI Securities Co. Ltd. boosted 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 valued at $35,000 after purchasing an additional 533 shares during the last quarter. Signaturefd LLC grew its stake in Amer Sports by 19.1% in the first quarter. Signaturefd LLC now owns 4,925 shares of the company's stock valued at $132,000 after purchasing an additional 789 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Amer Sports by 174.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company's stock worth $63,000 after purchasing an additional 1,011 shares during the last quarter. 40.25% of the stock is owned by hedge funds and other institutional investors.

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.