Amer Sports Target of Unusually Large Options Trading (NYSE:AS)

Key Points

• Amer Sports saw a massive increase in options trading, with a record 24,526 put options acquired, marking a 1,177% increase from average volumes.
• Major institutional investors have significantly increased their positions in Amer Sports, including Barclays PLC raising its stake by 2,954.6% during the fourth quarter.
• The company recently reported a quarterly earnings per share of $0.06, surpassing forecasts, with a year-over-year revenue growth of 23.4%, amounting to $1.24 billion.

Amer Sports, Inc. (NYSE:AS - Get Free Report) was the recipient of unusually large options trading on Tuesday. Stock investors acquired 24,526 put options on the stock. Thisisanincreaseof1,177% compared to the typical volume of 1,921 put options.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AS. Envestnet Asset Management Inc. increased its position in shares of Amer Sports by 16.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 36,018 shares of the company's stock valued at $1,007,000 after buying an additional 5,157 shares in the last quarter. Sterling Capital Management LLC increased its position in Amer Sports by 55.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock worth $97,000 after purchasing an additional 1,250 shares in the last quarter. Barclays PLC increased its position in Amer Sports by 2,954.6% during the 4th quarter. Barclays PLC now owns 96,649 shares of the company's stock worth $2,702,000 after purchasing an additional 93,485 shares in the last quarter. First Trust Advisors LP increased its position in Amer Sports by 27.5% during the 4th quarter. First Trust Advisors LP now owns 61,681 shares of the company's stock worth $1,725,000 after purchasing an additional 13,294 shares in the last quarter. Finally, Oxbow Capital Management HK Ltd purchased a new stake in Amer Sports during the 4th quarter worth about $41,940,000. Hedge funds and other institutional investors own 40.25% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Piper Sandler assumed coverage on Amer Sports in a report on Thursday, June 26th. They set an "overweight" rating and a $45.00 price target for the company. Wall Street Zen downgraded Amer Sports from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. upped their price objective on Amer Sports from $45.00 to $46.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. UBS Group reissued a "buy" rating and issued a $50.00 target price (up previously from $37.00) on shares of Amer Sports in a report on Wednesday, May 21st. Finally, The Goldman Sachs Group upped their price target on shares of Amer Sports from $44.00 to $45.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $38.74.

Amer Sports Price Performance

Shares of AS stock traded down $1.7460 during mid-day trading on Tuesday, reaching $35.7540. The stock had a trading volume of 13,460,591 shares, compared to its average volume of 4,010,292. Amer Sports has a 12-month low of $13.16 and a 12-month high of $40.21. The company has a market cap of $19.80 billion, a P/E ratio of 96.63, a price-to-earnings-growth ratio of 1.58 and a beta of 3.31. The business has a 50-day simple moving average of $37.90 and a 200 day simple moving average of $32.01. The company has a current ratio of 1.66, a quick ratio of 0.80 and a debt-to-equity ratio of 0.24.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. Amer Sports had a return on equity of 7.21% and a net margin of 3.70%.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 business'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, sell-side analysts anticipate that Amer Sports will post 0.46 earnings per share for the current year.

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.

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