Stock Traders Purchase High Volume of Amer Sports Call Options (NYSE:AS)

Amer Sports, Inc. (NYSE:AS) saw unusually large options trading activity on Wednesday. Investors acquired 17,263 call options on the company. This represents an increase of 100% compared to the average daily volume of 8,642 call options.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AS. California State Teachers Retirement System boosted its stake in Amer Sports by 970.7% during the second quarter. California State Teachers Retirement System now owns 87,713 shares of the company’s stock valued at $2,968,000 after buying an additional 79,521 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in Amer Sports by 14.9% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 3,329 shares of the company’s stock valued at $114,000 after buying an additional 432 shares in the last quarter. AXQ Capital LP increased its stake in Amer Sports by 39.4% in the 2nd quarter. AXQ Capital LP now owns 21,156 shares of the company’s stock worth $716,000 after acquiring an additional 5,979 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Amer Sports in the 2nd quarter worth approximately $1,780,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Amer Sports during the 2nd quarter worth approximately $14,459,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AS has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Amer Sports from $59.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Barclays raised their target price on Amer Sports from $49.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a research report on Wednesday, August 19th. Truist Financial lowered their price objective on Amer Sports from $50.00 to $42.00 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Amer Sports in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.14.

Amer Sports Price Performance

AS stock traded down $0.74 during trading on Wednesday, reaching $28.72. The company’s stock had a trading volume of 4,022,755 shares, compared to its average volume of 4,755,000. The company has a quick ratio of 0.80, a current ratio of 1.76 and a debt-to-equity ratio of 0.11. The company’s fifty day moving average is $34.13 and its 200-day moving average is $34.92. The company has a market capitalization of $15.91 billion, a P/E ratio of 30.30, a price-to-earnings-growth ratio of 0.98 and a beta of 1.99. Amer Sports has a 1 year low of $28.72 and a 1 year high of $42.76.

Amer Sports (NYSE:AS) last announced its quarterly earnings data on Tuesday, August 18th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.11 by $0.11. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. Amer Sports had a return on equity of 11.18% and a net margin of 7.35%.The business’s revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 earnings per share. Amer Sports has set its FY 2026 guidance at 1.270-1.300 EPS and its Q3 2026 guidance at 0.310-0.330 EPS. On average, research analysts expect that Amer Sports will post 1.29 earnings per share for the current fiscal year.

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).