Amer Sports, Inc. (NYSE:AS) Short Interest Up 47.5% in March

Amer Sports, Inc. (NYSE:AS) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 13,100,000 shares, a growth of 47.5% from the February 28th total of 8,880,000 shares. Based on an average trading volume of 3,150,000 shares, the days-to-cover ratio is currently 4.2 days. Approximately 12.1% of the company’s shares are short sold.

Amer Sports Trading Down 3.3 %

NYSE:AS traded down $0.90 on Friday, reaching $26.57. 5,617,497 shares of the company’s stock were exchanged, compared to its average volume of 2,283,499. The firm has a market capitalization of $14.72 billion and a price-to-earnings ratio of -189.79. Amer Sports has a 52-week low of $10.11 and a 52-week high of $34.00. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average of $29.64 and a 200-day moving average of $24.77.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.60 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. As a group, analysts expect that Amer Sports will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

AS has been the subject of a number of analyst reports. HSBC lowered shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a report on Monday, December 16th. Sanford C. Bernstein assumed coverage on shares of Amer Sports in a research note on Thursday, February 13th. They issued an “outperform” rating and a $38.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Amer Sports from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Evercore ISI increased their price objective on Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, Robert W. Baird raised their target price on Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $32.64.

Hedge Funds Weigh In On Amer Sports

A number of institutional investors and hedge funds have recently made changes to their positions in AS. GAMMA Investing LLC boosted its holdings in Amer Sports by 61.8% in 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. West Branch Capital LLC boosted its holdings in shares of Amer Sports by 14,285.7% in the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock valued at $28,000 after buying an additional 1,000 shares in the last quarter. Signaturefd LLC grew its position in shares of Amer Sports by 35.0% in the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company’s stock valued at $116,000 after buying an additional 1,073 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of Amer Sports by 55.9% in the 4th quarter. Sterling Capital Management LLC now owns 3,487 shares of the company’s stock valued at $97,000 after buying an additional 1,250 shares during the last quarter. Finally, Kieckhefer Group LLC purchased a new stake in Amer Sports in the fourth quarter valued at $42,000. 40.25% of the stock is owned by institutional investors and hedge funds.

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.