Amer Sports, Inc. (NYSE:AS) Short Interest Down 12.9% in March

Amer Sports, Inc. (NYSE:AS) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 9,364,289 shares, a decline of 12.9% from the February 26th total of 10,754,991 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily volume of 6,887,871 shares, the short-interest ratio is currently 1.4 days.

Amer Sports Stock Performance

AS opened at $31.00 on Tuesday. Amer Sports has a twelve month low of $20.21 and a twelve month high of $42.76. The firm has a market capitalization of $17.17 billion, a PE ratio of 41.33, a PEG ratio of 1.25 and a beta of 2.80. The company has a current ratio of 1.50, a quick ratio of 0.76 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $36.36 and its 200 day moving average price is $35.52.

Amer Sports (NYSE:AS) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Amer Sports had a net margin of 6.51% and a return on equity of 9.74%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the firm earned $0.17 EPS. Amer Sports’s quarterly revenue was up 28.5% on a year-over-year basis. Amer Sports has set its FY 2026 guidance at 1.100-1.150 EPS and its Q1 2026 guidance at 0.280-0.300 EPS. As a group, sell-side analysts expect that Amer Sports will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Truist Financial set a $49.00 price target on shares of Amer Sports in a research note on Wednesday, February 25th. Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a research note on Friday, February 20th. Zacks Research cut Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Barclays began coverage on Amer Sports in a research report on Tuesday, December 9th. They issued an “overweight” rating and a $49.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft set a $49.00 price target on Amer Sports in a research note on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Amer Sports has a consensus rating of “Buy” and a consensus price target of $47.12.

Hedge Funds Weigh In On Amer Sports

A number of institutional investors have recently added to or reduced their stakes in AS. Federation des caisses Desjardins du Quebec grew its holdings in Amer Sports by 10.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,466 shares of the company’s stock valued at $167,000 after buying an additional 405 shares in the last quarter. Choreo LLC increased its stake in shares of Amer Sports by 4.9% in the 4th quarter. Choreo LLC now owns 9,387 shares of the company’s stock worth $354,000 after acquiring an additional 437 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Amer Sports by 1.1% during the 3rd quarter. Mackenzie Financial Corp now owns 48,745 shares of the company’s stock worth $1,694,000 after acquiring an additional 540 shares during the period. Moore Capital Management LP boosted its position in shares of Amer Sports by 3.6% during the 4th quarter. Moore Capital Management LP now owns 18,572 shares of the company’s stock valued at $694,000 after acquiring an additional 651 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of Amer Sports by 2.0% in the third quarter. Handelsbanken Fonder AB now owns 35,300 shares of the company’s stock valued at $1,227,000 after purchasing an additional 700 shares during the period. Hedge funds and other institutional investors own 40.25% of the company’s stock.

About Amer Sports

Amer Sports (NYSE:AS) is a Helsinki-based sporting goods group that designs, develops and markets performance-oriented equipment, apparel and footwear across multiple sports. The company focuses on product innovation, brand-driven marketing and global distribution to serve athletes and outdoor enthusiasts, offering goods for activities such as skiing, running, hiking, tennis, golf and diving.

Amer Sports’ portfolio comprises well-known sports and outdoor brands, including Salomon (outdoor footwear and winter sports), Atomic (alpine skis and ski equipment), Arc’teryx (technical outerwear and climbing gear), Wilson (racquet and ball sports equipment) and Suunto (precision instruments and sports watches).