Mackenzie Financial Corp Makes New Investment in Amer Sports, Inc. (NYSE:AS)

Mackenzie Financial Corp bought a new position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 29,285 shares of the company's stock, valued at approximately $819,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AS. FMR LLC boosted its position in Amer Sports by 250.7% during the fourth quarter. FMR LLC now owns 26,414,511 shares of the company's stock worth $738,550,000 after purchasing an additional 18,881,504 shares in the last quarter. Brilliance Asset Management Ltd. boosted its position in Amer Sports by 5.1% during the fourth quarter. Brilliance Asset Management Ltd. now owns 4,073,061 shares of the company's stock worth $113,883,000 after purchasing an additional 196,380 shares in the last quarter. Candlestick Capital Management LP boosted its position in Amer Sports by 1.7% during the fourth quarter. Candlestick Capital Management LP now owns 3,864,510 shares of the company's stock worth $108,052,000 after purchasing an additional 63,078 shares in the last quarter. WT Asset Management Ltd boosted its position in Amer Sports by 188.2% during the fourth quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company's stock worth $100,834,000 after purchasing an additional 2,355,182 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in Amer Sports by 262.5% during the fourth quarter. Marshall Wace LLP now owns 3,316,167 shares of the company's stock worth $92,720,000 after purchasing an additional 2,401,302 shares in the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

Amer Sports Trading Up 0.4%

Amer Sports stock traded up $0.14 during trading on Thursday, reaching $37.37. 4,278,717 shares of the company were exchanged, compared to its average volume of 2,953,924. Amer Sports, Inc. has a 52-week low of $10.11 and a 52-week high of $38.51. The company has a market capitalization of $20.70 billion, a P/E ratio of -266.93, a PEG ratio of 0.72 and a beta of 2.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. The stock's 50 day simple moving average is $28.03 and its two-hundred day simple moving average is $28.31.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.12. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the business posted $0.08 earnings per share. The firm's revenue was up 24.5% compared to the same quarter last year. On average, equities research analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AS shares. UBS Group reiterated a "buy" rating and set a $50.00 price target (up previously from $37.00) on shares of Amer Sports in a research report on Wednesday, May 21st. Citigroup restated a "buy" rating and issued a $42.00 target price (up previously from $30.00) on shares of Amer Sports in a research report on Wednesday, May 21st. The Goldman Sachs Group raised their target price on Amer Sports from $28.00 to $44.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Wells Fargo & Company set a $35.00 target price on Amer Sports and gave the company an "equal weight" rating in a research report on Wednesday, May 21st. Finally, Morgan Stanley raised their target price on Amer Sports from $28.00 to $33.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 21st. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $36.67.

Amer Sports 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.