Amer Sports (NYSE:AS) Shares Gap Down - Time to Sell?

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 prior to trading 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.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AS. JPMorgan Chase & Co. raised their price objective on Amer Sports from $45.00 to $46.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. UBS Group raised their price objective on Amer Sports from $50.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday. Wall Street Zen lowered Amer Sports from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Piper Sandler began coverage on Amer Sports in a research report on Thursday, June 26th. They set an "overweight" rating and a $45.00 price objective for the company. Finally, Citigroup restated a "buy" rating and set a $42.00 price objective (up from $30.00) on shares of Amer Sports in a research report on Wednesday, May 21st. One equities 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $40.29.

Amer Sports Trading Up 11.6%

The company has a fifty day moving average of $37.95 and a two-hundred day moving average of $32.18. The company has a current ratio of 1.60, a quick ratio of 0.80 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $22.98 billion, a price-to-earnings ratio of 101.22, a price-to-earnings-growth ratio of 1.39 and a beta of 3.31.

Amer Sports (NYSE:AS - Get Free Report) last posted 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 return on equity of 6.87% and a net margin of 3.93%.The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the company earned $0.05 EPS. The company's revenue for the quarter 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. On average, research analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management bought a new position in Amer Sports in the 2nd quarter worth approximately $102,000. Headlands Technologies LLC increased its position in Amer Sports by 9,512.2% in the 2nd quarter. Headlands Technologies LLC now owns 55,078 shares of the company's stock worth $2,135,000 after buying an additional 54,505 shares during the period. Rakuten Securities Inc. increased its position in Amer Sports by 3,375.6% in the 2nd quarter. Rakuten Securities Inc. now owns 3,128 shares of the company's stock worth $121,000 after buying an additional 3,038 shares during the period. Keel Point LLC bought a new position in Amer Sports in the 2nd quarter worth approximately $258,000. Finally, Vident Advisory LLC increased its position in Amer Sports by 14.0% in the 2nd quarter. Vident Advisory LLC now owns 713,740 shares of the company's stock worth $27,665,000 after buying an additional 87,786 shares during the period. 40.25% of the stock is owned by 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.