Nomura Securities Downgrades Amer Sports (NYSE:AS) to Hold

Key Points

• Nomura Securities has downgraded Amer Sports from a "strong-buy" to a "hold" rating, indicating a shift in investor sentiment towards the stock.
• The stock has a consensus rating of Moderate Buy with an average target price of $43.49, despite the downgrade.
• Amer Sports recently reported a quarterly earnings increase, posting earnings per share of $0.06, exceeding analyst expectations and reflecting a 23.4% year-over-year revenue growth.

Amer Sports (NYSE:AS - Get Free Report) was downgraded by Nomura Securities from a "strong-buy" rating to a "hold" rating in a report issued on Monday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Zacks Research cut shares of Amer Sports from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 28th. HSBC set a $50.00 price target on Amer Sports and gave the company a "buy" rating in a report on Tuesday, August 26th. Bank of America boosted their price objective on Amer Sports from $45.00 to $46.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Piper Sandler began coverage on Amer Sports in a research note on Thursday, June 26th. They issued an "overweight" rating and a $45.00 target price for the company. Finally, Robert W. Baird lifted their price target on Amer Sports from $45.00 to $46.00 and gave the company an "outperform" rating in a report on Friday. One equities research 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 company. Based on data from MarketBeat, Amer Sports currently has a consensus rating of "Moderate Buy" and an average target price of $43.49.

Amer Sports Stock Down 2.9%

Shares of NYSE:AS opened at $34.24 on Monday. Amer Sports has a 52 week low of $15.00 and a 52 week high of $42.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 1.60. The company's fifty day moving average is $37.93 and its 200-day moving average is $33.41. The company has a market capitalization of $18.97 billion, a PE ratio of 83.52, a P/E/G ratio of 1.14 and a beta of 3.30.

Amer Sports (NYSE:AS - Get Free Report) last announced its earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter last year, the company posted $0.05 EPS. The firm'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 research analysts predict that Amer Sports will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of Amer Sports

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. boosted its stake in shares of Amer Sports by 146.4% in the 2nd 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. Quarry LP acquired a new position in Amer Sports in the first quarter valued at approximately $34,000. Smartleaf Asset Management LLC boosted its stake in 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 acquiring an additional 1,011 shares during the last quarter. GAMMA Investing LLC grew its holdings in Amer Sports by 17.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,614 shares of the company's stock worth $101,000 after acquiring an additional 387 shares during the period. Finally, Hollencrest Capital Management bought a new stake in shares of Amer Sports during the 2nd quarter valued at $102,000. 40.25% of the stock is owned by 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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