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

Amer Sports, Inc. (NYSE:AS) was the recipient of some unusual options trading activity on Tuesday. Stock traders acquired 9,307 call options on the stock. This is an increase of 810% compared to the typical volume of 1,023 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Amer Sports by 44.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company’s stock worth $31,372,000 after acquiring an additional 358,536 shares during the period. Temasek Holdings Private Ltd acquired a new stake in Amer Sports in the first quarter valued at approximately $10,081,000. Tiger Pacific Capital LP acquired a new stake in Amer Sports in the first quarter valued at approximately $8,316,000. Samlyn Capital LLC grew its position in Amer Sports by 10.8% in the first quarter. Samlyn Capital LLC now owns 1,634,448 shares of the company’s stock valued at $43,689,000 after acquiring an additional 159,848 shares in the last quarter. Finally, Petrus Trust Company LTA purchased a new position in shares of Amer Sports during the 1st quarter valued at approximately $361,000. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Amer Sports Stock Performance

Shares of AS opened at $37.23 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The stock has a market capitalization of $20.62 billion, a P/E ratio of -265.91, a P/E/G ratio of 0.72 and a beta of 2.76. The company’s fifty day moving average is $26.08 and its two-hundred day moving average is $27.01. Amer Sports has a 1 year low of $10.11 and a 1 year high of $37.99.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. During the same quarter in the previous year, the firm posted $0.08 EPS. The business’s quarterly revenue was up 24.5% on a year-over-year basis. On average, sell-side analysts predict that Amer Sports will post 0.46 earnings per share for the current year.

Analyst Ratings Changes

AS has been the subject of a number of research reports. UBS Group upped their target price on shares of Amer Sports from $37.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. The Goldman Sachs Group cut their target price on shares of Amer Sports from $33.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Sanford C. Bernstein initiated coverage on shares of Amer Sports in a research note on Thursday, February 13th. They set an “outperform” rating and a $38.00 target price for the company. Citigroup dropped their price objective on shares of Amer Sports from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, April 28th. Finally, Morgan Stanley lifted their price objective on shares of Amer Sports from $19.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Four research 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.55.

Amer Sports Company Profile

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.