Amer Sports (NYSE:AS) Shares Gap Down - Here's What Happened

Key Points

• Amer Sports shares opened at $35.50, down from a previous close of $37.50, with a trading volume of 4,083,327 shares.
• Analysts' ratings for Amer Sports vary, with major firms setting target prices ranging from $30.00 to $46.00, and the consensus target price currently at $38.74.
• The company's recent earnings report showed a net margin of 3.70% and revenue growth of 23.4% year-over-year, with earnings per share topping estimates.

Amer Sports, Inc. (NYSE:AS - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $37.50, but opened at $35.50. Amer Sports shares last traded at $35.86, with a volume of 4,083,327 shares.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AS. Piper Sandler assumed coverage on Amer Sports in a report on Thursday, June 26th. They issued an "overweight" rating and a $45.00 target price for the company. TD Securities increased their price objective on Amer Sports from $30.00 to $41.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. KGI Securities set a $44.30 price objective on Amer Sports and gave the stock an "outperform" rating in a research report on Wednesday, June 25th. Morgan Stanley raised their price target on Amer Sports from $28.00 to $33.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. raised their price objective on Amer Sports from $45.00 to $46.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Amer Sports presently has an average rating of "Moderate Buy" and a consensus target price of $38.74.

Amer Sports Stock Performance

The company has a current ratio of 1.66, a quick ratio of 0.80 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $19.61 billion, a PE ratio of 95.90, a price-to-earnings-growth ratio of 1.58 and a beta of 3.31. The business's 50 day simple moving average is $37.90 and its two-hundred day simple moving average is $32.01.

Amer Sports (NYSE:AS - Get Free Report) last issued its earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. Amer Sports had a net margin of 3.70% and a return on equity of 7.21%. During the same period in the prior year, the company posted $0.05 earnings per share. Amer Sports's 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. Research analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amer Sports

A number of institutional investors have recently modified their holdings of AS. SBI Securities Co. Ltd. boosted its stake in shares of 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 in the last quarter. Quarry LP acquired a new stake in shares of Amer Sports during the first quarter worth $34,000. Smartleaf Asset Management LLC lifted its stake in shares of Amer Sports by 174.3% during the second quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company's stock worth $63,000 after buying an additional 1,011 shares during the period. GAMMA Investing LLC lifted its stake in shares of Amer Sports by 17.4% during the second quarter. GAMMA Investing LLC now owns 2,614 shares of the company's stock worth $101,000 after buying an additional 387 shares during the period. Finally, Hollencrest Capital Management purchased a new position in shares of Amer Sports during the second quarter worth $102,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

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.

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