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

Key Points

• Investors demonstrated heightened interest in Amer Sports by purchasing 21,197 call options, a significant 425% increase over the average daily volume.
• Several analysts have issued positive ratings for Amer Sports, with price targets ranging from $35.00 to $45.00, indicating an overall "Moderate Buy" sentiment.
• The company recently reported $1.24 billion in revenue for its quarterly earnings, surpassing expectations and showing a year-over-year revenue increase of 23.4%.

Amer Sports, Inc. (NYSE:AS - Get Free Report) saw some unusual options trading activity on Thursday. Investors bought 21,197 call options on the stock. This represents an increase of approximately 425% compared to the average volume of 4,037 call options.

Amer Sports Trading Down 1.1%

NYSE AS traded down $0.42 on Friday, reaching $37.46. The company had a trading volume of 4,391,579 shares, compared to its average volume of 3,651,630. The company has a quick ratio of 0.61, a current ratio of 1.60 and a debt-to-equity ratio of 0.24. Amer Sports has a 52 week low of $14.68 and a 52 week high of $42.36. The stock has a market cap of $20.75 billion, a price-to-earnings ratio of 59.44, a PEG ratio of 1.23 and a beta of 3.30. The stock's 50 day moving average is $38.11 and its 200-day moving average is $33.34.

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 net margin of 3.93% and a return on equity of 6.87%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the company posted $0.05 EPS. Amer Sports'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. Equities analysts predict that Amer Sports will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

AS has been the topic of several analyst reports. Piper Sandler started coverage on Amer Sports in a research report on Thursday, June 26th. They issued an "overweight" rating and a $45.00 target price on the stock. HSBC set a $50.00 price target on shares of Amer Sports and gave the company a "buy" rating in a research report on Tuesday, August 26th. Citigroup increased their target price on shares of Amer Sports from $42.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday. UBS Group increased their target price 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. Finally, Zacks Research downgraded shares of Amer Sports from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Amer Sports presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.75.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AS. Quarry LP acquired a new stake in shares of Amer Sports in the first quarter valued at approximately $34,000. SBI Securities Co. Ltd. raised its holdings in shares of Amer Sports by 146.4% in 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. Smartleaf Asset Management LLC raised its holdings in shares of Amer Sports by 174.3% in the second quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company's stock valued at $63,000 after purchasing an additional 1,011 shares during the last quarter. Colonial Trust Advisors acquired a new stake in shares of Amer Sports in the first quarter valued at approximately $93,000. Finally, GAMMA Investing LLC raised its holdings in shares of Amer Sports by 17.4% in the second quarter. GAMMA Investing LLC now owns 2,614 shares of the company's stock valued at $101,000 after purchasing an additional 387 shares during the last quarter. Institutional investors own 40.25% of the company's stock.

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.