Amer Sports, Inc.’s (NYSE:AS) Lock-Up Period Will Expire on July 30th

Amer Sports’ (NYSE:AS) lock-up period is set to expire on Tuesday, July 30th. Amer Sports had issued 105,000,000 shares in its public offering on February 1st. The total size of the offering was $1,365,000,000 based on an initial share price of $13.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Ratings Changes

AS has been the topic of several research analyst reports. Morgan Stanley decreased their price target on shares of Amer Sports from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 23rd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $16.00 price target (down previously from $18.50) on shares of Amer Sports in a research note on Monday, April 8th. Finally, Wells Fargo & Company decreased their price target on shares of Amer Sports from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.79.

Amer Sports Stock Up 1.7 %

NYSE AS opened at $11.04 on Friday. The business has a fifty day moving average price of $13.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.97 and a current ratio of 1.96. Amer Sports has a 12-month low of $10.47 and a 12-month high of $18.23.

Amer Sports (NYSE:AS) last released its quarterly earnings results on Tuesday, May 21st. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.13 billion. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, analysts predict that Amer Sports will post 0.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dnca Finance acquired a new position in shares of Amer Sports in the second quarter worth about $81,000. SYSTM Wealth Solutions LLC purchased a new stake in shares of Amer Sports during the first quarter worth about $319,000. Summit Securities Group LLC purchased a new stake in shares of Amer Sports during the second quarter worth about $297,000. Quadrature Capital Ltd purchased a new stake in Amer Sports during the 1st quarter valued at about $390,000. Finally, Sandia Investment Management LP purchased a new stake in Amer Sports during the 1st quarter valued at about $425,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

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.