Annex Advisory Services LLC Has $14.77 Million Holdings in Amer Sports, Inc. $AS

Key Points

• Annex Advisory Services LLC increased its stake in Amer Sports by 19.9%, acquiring 63,335 shares during the second quarter, bringing its total holdings to roughly 380,989 shares valued at approximately $14.77 million.
• Amer Sports reported a 23.4% year-over-year increase in revenue to $1.24 billion for the most recent quarter, exceeding analyst expectations, with earnings per share of $0.06 compared to an expected $0.02.
• Analysts have set a consensus target price of $42.75 for Amer Sports shares, with multiple firms giving it a "buy" rating, including UBS Group who increased their target price to $52.00.

Annex Advisory Services LLC raised its position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 19.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 380,989 shares of the company's stock after acquiring an additional 63,335 shares during the period. Annex Advisory Services LLC owned approximately 0.07% of Amer Sports worth $14,767,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP acquired a new stake in Amer Sports in the 1st quarter valued at $34,000. Colonial Trust Advisors purchased a new stake in shares of Amer Sports during the 1st quarter valued at about $93,000. Signaturefd LLC raised its holdings in shares of Amer Sports by 19.1% during the 1st quarter. Signaturefd LLC now owns 4,925 shares of the company's stock valued at $132,000 after buying an additional 789 shares during the period. Voya Investment Management LLC purchased a new stake in Amer Sports during the 1st quarter worth $210,000. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Amer Sports during the first quarter valued at about $245,000. 40.25% of the stock is owned by institutional investors and hedge funds.

Amer Sports Stock Performance

AS stock traded down $2.09 during midday trading on Monday, hitting $35.36. The stock had a trading volume of 13,721,094 shares, compared to its average volume of 4,099,082. The firm has a market capitalization of $19.58 billion, a price-to-earnings ratio of 86.24, a P/E/G ratio of 1.23 and a beta of 3.30. 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, Inc. has a 52 week low of $14.69 and a 52 week high of $42.36. The stock has a 50-day simple moving average of $38.11 and a 200 day simple moving average of $33.34.

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 for the quarter, beating the consensus estimate 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 return on equity of 6.87% and a net margin of 3.93%.The company's revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 EPS. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. As a group, equities research analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

AS has been the subject of a number of recent research reports. Piper Sandler assumed coverage on shares of Amer Sports in a research report on Thursday, June 26th. They set an "overweight" rating and a $45.00 price objective for the company. UBS Group raised their price objective on shares of Amer Sports from $50.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. KGI Securities set a $44.30 target price on shares of Amer Sports and gave the stock an "outperform" rating in a report on Wednesday, June 25th. Robert W. Baird raised their price objective on Amer Sports from $45.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Zacks Research downgraded Amer Sports from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Amer Sports currently has a consensus rating of "Buy" and an average target price of $43.49.

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.