Amer Sports Sees Unusually High Options Volume (NYSE:AS)

Key Points

• Amer Sports, Inc. experienced a 218% increase in put options trading volume, with a total of 16,666 put options traded on Monday.
• The company's stock reached a price of $35.00 during mid-day trading, with a current market capitalization of $19.38 billion.
• Amer Sports reported a 23.4% year-over-year increase in quarterly revenue, totaling $1.24 billion, and beat analysts' EPS estimates by $0.04.

Amer Sports, Inc. (NYSE:AS - Get Free Report) saw unusually large options trading activity on Monday. Traders acquired 16,666 put options on the company. This represents an increase of 218% compared to the average daily volume of 5,236 put options.

Amer Sports Price Performance

Shares of NYSE AS traded up $0.52 during mid-day trading on Monday, reaching $35.00. The company's stock had a trading volume of 1,614,273 shares, compared to its average volume of 4,116,099. The stock has a 50-day moving average of $37.65 and a two-hundred day moving average of $33.62. The stock has a market capitalization of $19.38 billion, a P/E ratio of 85.19, a P/E/G ratio of 1.10 and a beta of 3.30. 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 1-year low of $15.90 and a 1-year high of $42.36.

Amer Sports (NYSE:AS - Get Free Report) last issued its earnings results on Tuesday, August 19th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. The business had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.18 billion. Amer Sports had a net margin of 3.93% and a return on equity of 6.87%. The company's quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 earnings per share. 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, equities research analysts anticipate that Amer Sports will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Amer Sports

A number of hedge funds have recently modified their holdings of AS. GAMMA Investing LLC boosted its stake in 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. Scotia Capital Inc. boosted its stake in Amer Sports by 1.0% during the first quarter. Scotia Capital Inc. now owns 50,841 shares of the company's stock worth $1,359,000 after buying an additional 488 shares during the period. SBI Securities Co. Ltd. boosted its stake in Amer Sports by 146.4% during the second quarter. SBI Securities Co. Ltd. now owns 897 shares of the company's stock worth $35,000 after buying an additional 533 shares during the period. Signaturefd LLC boosted its stake in Amer Sports by 19.1% during the first quarter. Signaturefd LLC now owns 4,925 shares of the company's stock worth $132,000 after buying an additional 789 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in 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. Hedge funds and other institutional investors own 40.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Amer Sports from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Monday, September 22nd. JPMorgan Chase & Co. upped their price objective on shares of Amer Sports from $46.00 to $53.00 and gave the stock an "overweight" rating in a research report on Friday, September 19th. The Goldman Sachs Group upped their price objective on shares of Amer Sports from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Zacks Research cut shares of Amer Sports from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Finally, UBS Group upped their price objective on shares of Amer Sports from $50.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $43.49.

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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