Amer Sports, Inc. (NYSE:AS) Short Interest Update

Amer Sports, Inc. (NYSE:AS) was the target of a significant growth in short interest in 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 daily trading volume, of 3,150,000 shares, the short-interest ratio is presently 4.2 days. Currently, 12.1% of the shares of the company are sold short.

Amer Sports Price Performance

Shares of Amer Sports stock traded up $0.19 during trading on Monday, hitting $26.74. 5,149,902 shares of the company were exchanged, compared to its average volume of 2,294,923. The firm has a 50 day moving average price of $29.64 and a 200 day moving average price of $24.85. The stock has a market capitalization of $14.81 billion and a price-to-earnings ratio of -190.99. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. Amer Sports has a fifty-two week low of $10.11 and a fifty-two week high of $34.00.

Amer Sports (NYSE:AS) last announced its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. On average, equities analysts expect that Amer Sports will post 0.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group increased their price objective on Amer Sports from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Sanford C. Bernstein began coverage on shares of Amer Sports in a research report on Thursday, February 13th. They set an “outperform” rating and a $38.00 price objective for the company. HSBC cut shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research note on Monday, December 16th. Evercore ISI increased their price target on shares of Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Hsbc Global Res downgraded shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Amer Sports has an average rating of “Moderate Buy” and an average price target of $32.64.

Hedge Funds Weigh In On Amer Sports

Several institutional investors and hedge funds have recently bought and sold shares of AS. Mackenzie Financial Corp purchased a new position in Amer Sports in the 4th quarter worth approximately $819,000. Voloridge Investment Management LLC acquired a new stake in Amer Sports in the fourth quarter valued at $18,641,000. Woodline Partners LP bought a new position in Amer Sports during the 4th quarter valued at $14,135,000. Woodson Capital Management LP grew its holdings in Amer Sports by 29.8% during the 4th quarter. Woodson Capital Management LP now owns 1,050,000 shares of the company’s stock worth $29,358,000 after acquiring an additional 240,800 shares in the last quarter. Finally, Vident Advisory LLC bought a new stake in shares of Amer Sports in the 4th quarter worth about $19,791,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

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.