Amer Sports, Inc. (NYSE:AS) Short Interest Up 40.5% in February

Amer Sports, Inc. (NYSE:AS) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 8,880,000 shares, a growth of 40.5% from the February 13th total of 6,320,000 shares. Approximately 8.3% of the shares of the company are sold short. Based on an average daily volume of 3,450,000 shares, the short-interest ratio is currently 2.6 days.

Institutional Investors Weigh In On Amer Sports

Several large investors have recently bought and sold shares of AS. JPMorgan Chase & Co. purchased a new stake in Amer Sports during the third quarter valued at $25,000. West Branch Capital LLC raised its stake in Amer Sports by 14,285.7% during the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock valued at $28,000 after purchasing an additional 1,000 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in Amer Sports during the fourth quarter valued at $42,000. GAMMA Investing LLC raised its stake in Amer Sports by 61.8% during the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock valued at $54,000 after purchasing an additional 742 shares in the last quarter. Finally, Quarry LP purchased a new stake in Amer Sports during the third quarter valued at $61,000. Institutional investors own 40.25% of the company’s stock.

Amer Sports Trading Up 2.8 %

Amer Sports stock opened at $28.48 on Tuesday. The stock has a market cap of $15.77 billion and a P/E ratio of -203.38. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. Amer Sports has a 1 year low of $10.11 and a 1 year high of $34.00. The firm’s 50 day moving average price is $29.90 and its 200-day moving average price is $23.93.

Amer Sports (NYSE:AS) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The company’s revenue was up 23.2% on a year-over-year basis. On average, equities analysts predict that Amer Sports will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AS shares. HSBC cut shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research note on Monday, December 16th. UBS Group increased their price objective on shares of Amer Sports from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Sanford C. Bernstein started coverage on shares of Amer Sports in a research note on Thursday, February 13th. They issued an “outperform” rating and a $38.00 price objective on the stock. Robert W. Baird increased their price objective on shares of Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of Amer Sports from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amer Sports currently has an average rating of “Moderate Buy” and a consensus price target of $32.64.

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.