311,110 Shares in Amer Sports, Inc. $AS Bought by Tiger Pacific Capital LP

Key Points

• Tiger Pacific Capital LP acquired 311,110 shares of Amer Sports, Inc. for approximately $8.32 million, making it the 7th largest position in their portfolio at 3.0%.
• Amer Sports has seen a mix of institutional investments, with other hedge funds like Quarry LP and Colonial Trust Advisors also purchasing stakes in the company during Q1 2023.
• Analysts have recently downgraded Amer Sports from a "strong-buy" to a "hold" rating, although the stock has a consensus rating of "Moderate Buy" and a price target of $41.62.

Tiger Pacific Capital LP purchased a new position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 311,110 shares of the company's stock, valued at approximately $8,316,000. Amer Sports comprises 3.0% of Tiger Pacific Capital LP's investment portfolio, making the stock its 7th largest holding. Tiger Pacific Capital LP owned 0.06% of Amer Sports at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Junto Capital Management LP purchased a new stake in shares of Amer Sports during the 4th quarter valued at $66,793,000. SG Americas Securities LLC grew its position in Amer Sports by 14,640.1% during the first quarter. SG Americas Securities LLC now owns 1,418,001 shares of the company's stock valued at $37,903,000 after acquiring an additional 1,408,381 shares during the period. Deutsche Bank AG increased its stake in Amer Sports by 812.5% during the fourth quarter. Deutsche Bank AG now owns 921,554 shares of the company's stock worth $25,767,000 after acquiring an additional 820,560 shares during the last quarter. Vident Advisory LLC acquired a new stake in Amer Sports during the fourth quarter worth about $19,791,000. Finally, Trivest Advisors Ltd raised its holdings in shares of Amer Sports by 47.9% in the 1st quarter. Trivest Advisors Ltd now owns 2,110,945 shares of the company's stock worth $56,426,000 after purchasing an additional 683,445 shares during the period. Institutional investors and hedge funds own 40.25% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AS. Wells Fargo & Company set a $35.00 target price on Amer Sports and gave the stock an "equal weight" rating in a report on Wednesday, May 21st. HSBC set a $50.00 price target on shares of Amer Sports and gave the company a "buy" rating in a research report on Tuesday, August 26th. UBS Group increased their price objective on shares of Amer Sports from $50.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. TD Securities lifted their target price on shares of Amer Sports from $30.00 to $41.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, KGI Securities set a $44.30 price target on shares of Amer Sports and gave the stock an "outperform" rating in a research report on Wednesday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $41.62.

Amer Sports Stock Down 2.2%

Shares of AS traded down $0.81 during mid-day trading on Friday, reaching $36.15. 1,192,756 shares of the stock traded hands, compared to its average volume of 4,032,546. The firm has a market cap of $20.02 billion, a price-to-earnings ratio of 88.20, a P/E/G ratio of 1.23 and a beta of 3.30. The stock has a fifty day simple moving average of $38.23 and a 200 day simple moving average of $32.96. Amer Sports, Inc. has a 12-month low of $14.16 and a 12-month high of $42.36. The company has a quick ratio of 0.61, a current ratio of 1.60 and a debt-to-equity ratio of 0.24.

Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.18 billion. Amer Sports had a net margin of 3.93% and a return on equity of 6.87%. The business's quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 earnings per share. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. Sell-side analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

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.