Investors Buy Large Volume of Amer Sports Call Options (NYSE:AS)

Amer Sports, Inc. (NYSE:AS) was the target of unusually large options trading on Wednesday. Investors bought 22,334 call options on the company. This is an increase of 254% compared to the average daily volume of 6,315 call options.

Amer Sports Stock Performance

Shares of AS opened at $37.28 on Friday. The firm has a market cap of $20.65 billion, a P/E ratio of 67.79, a PEG ratio of 0.74 and a beta of 2.86. Amer Sports has a twelve month low of $20.21 and a twelve month high of $42.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.70 and a current ratio of 1.51. The firm’s 50 day moving average price is $37.53 and its two-hundred day moving average price is $36.15.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Tuesday, November 18th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.25 by $0.08. Amer Sports had a net margin of 5.10% and a return on equity of 8.51%. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the firm posted $0.14 EPS. The firm’s revenue was up 29.7% compared to the same quarter last year. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. On average, analysts forecast that Amer Sports will post 0.46 EPS for the current fiscal year.

Institutional Trading of Amer Sports

A number of institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd grew its holdings in Amer Sports by 484.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock worth $29,000 after purchasing an additional 703 shares during the period. SBI Securities Co. Ltd. boosted its position in Amer Sports by 146.4% during the second quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock worth $35,000 after purchasing an additional 533 shares during the period. Financial Consulate Inc. bought a new position in shares of Amer Sports in the third quarter valued at about $40,000. PNC Financial Services Group Inc. lifted its stake in shares of Amer Sports by 241.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock worth $42,000 after buying an additional 848 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new position in Amer Sports in the 3rd quarter valued at about $44,000. Institutional investors own 40.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AS. Weiss Ratings restated a “hold (c)” rating on shares of Amer Sports in a report on Monday, December 29th. Evercore ISI increased their price target on shares of Amer Sports from $43.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, November 19th. Wall Street Zen cut shares of Amer Sports from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Nomura set a $39.80 target price on shares of Amer Sports and gave the stock a “buy” rating in a report on Tuesday, November 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of Amer Sports from $53.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $46.06.

Amer Sports Company Profile

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).