PDT Partners LLC Boosts Holdings in Amer Sports, Inc. $AS

Key Points

• PDT Partners LLC increased its stake in Amer Sports, Inc. by 93.2%, owning 143,509 shares worth approximately $3.8 million as of the latest SEC filing.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Amer Sports, with target prices ranging from $41.62 to $52.00.
• Amer Sports reported a 23.4% increase in quarterly revenue year-over-year, with earnings per share of $0.06, surpassing estimates.

PDT Partners LLC raised its stake in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 93.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,509 shares of the company's stock after purchasing an additional 69,220 shares during the quarter. PDT Partners LLC's holdings in Amer Sports were worth $3,836,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Junto Capital Management LP purchased a new stake in Amer Sports during the fourth quarter worth $66,793,000. Trivest Advisors Ltd lifted its holdings in Amer Sports by 47.9% during the first quarter. Trivest Advisors Ltd now owns 2,110,945 shares of the company's stock valued at $56,426,000 after purchasing an additional 683,445 shares in the last quarter. SG Americas Securities LLC lifted its holdings 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 purchasing an additional 1,408,381 shares in the last quarter. Deutsche Bank AG lifted its holdings in Amer Sports by 25.9% during the first quarter. Deutsche Bank AG now owns 1,160,491 shares of the company's stock valued at $31,020,000 after purchasing an additional 238,937 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in Amer Sports by 12.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,105,151 shares of the company's stock valued at $30,900,000 after purchasing an additional 121,962 shares in the last quarter. Institutional investors and hedge funds own 40.25% of the company's stock.

Amer Sports Trading Down 3.3%

Amer Sports stock traded down $1.24 during midday trading on Friday, hitting $36.56. 5,035,967 shares of the stock were exchanged, compared to its average volume of 4,883,739. Amer Sports, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $42.36. The stock has a market capitalization of $20.25 billion, a price-to-earnings ratio of 89.16, a PEG ratio of 1.26 and a beta of 3.30. The stock's 50-day simple moving average is $38.36 and its 200 day simple moving average is $32.75. The company has a current ratio of 1.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Robert W. Baird increased their price objective on shares of Amer Sports from $44.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Wells Fargo & Company set a $35.00 target price on shares of Amer Sports and gave the company an "equal weight" rating in a research report on Wednesday, May 21st. Zacks Research cut shares of Amer Sports from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. HSBC set a $50.00 target price on shares of Amer Sports and gave the company a "buy" rating in a research report on Tuesday, August 26th. Finally, Bank of America increased their target price on shares of Amer Sports from $42.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Two equities 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 stock. According to MarketBeat, Amer Sports presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.62.

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.