Russell Investments Group Ltd. Buys 151,620 Shares of Amer Sports, Inc. $AS

Key Points

• Russell Investments Group Ltd. increased its stake in Amer Sports, Inc. by 61.4% during the first quarter, totaling approximately 398,521 shares valued at $10.65 million.
• Amer Sports showed a significant 24.5% year-over-year revenue growth in its latest quarterly earnings report, with earnings per share at $0.27, surpassing estimates.
• Analysts have diverse outlooks on the stock, with Goldman Sachs raising its price target to $45.00 and a consensus average price target of $38.74 indicating a moderate buy rating.

Russell Investments Group Ltd. increased its stake in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 61.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 398,521 shares of the company's stock after acquiring an additional 151,620 shares during the quarter. Russell Investments Group Ltd. owned about 0.07% of Amer Sports worth $10,652,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Candlestick Capital Management LP boosted its position in shares of 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 acquiring an additional 63,078 shares during the last quarter. Junto Capital Management LP bought a new position in Amer Sports during the fourth quarter valued at $66,793,000. Trivest Advisors Ltd lifted its position 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 during the last quarter. Oxbow Capital Management HK Ltd bought a new position in Amer Sports during the fourth quarter valued at $41,940,000. Finally, SG Americas Securities LLC lifted 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 purchasing an additional 1,408,381 shares during the last quarter. Institutional investors own 40.25% of the company's stock.

Analysts Set New Price Targets

AS has been the subject of several research reports. KGI Securities set a $44.30 price objective on shares of Amer Sports and gave the company an "outperform" rating in a research report on Wednesday, June 25th. TD Securities increased their price objective on shares of Amer Sports from $30.00 to $41.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Morgan Stanley increased their price objective on shares of Amer Sports from $28.00 to $33.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 21st. Wells Fargo & Company set a $35.00 price objective on shares of Amer Sports and gave the company an "equal weight" rating in a research report on Wednesday, May 21st. Finally, Wall Street Zen lowered shares of Amer Sports from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Amer Sports presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.29.

Amer Sports Trading Up 11.6%

Shares of Amer Sports stock traded up $4.30 during trading on Friday, hitting $41.50. The stock had a trading volume of 9,367,222 shares, compared to its average volume of 4,524,214. The firm's fifty day simple moving average is $37.95 and its 200-day simple moving average is $32.18. The stock has a market cap of $22.98 billion, a PE ratio of 101.22, a PEG ratio of 1.39 and a beta of 3.31. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.60 and a quick ratio of 0.61. Amer Sports, Inc. has a 12 month low of $13.16 and a 12 month high of $41.56.

Amer Sports (NYSE:AS - Get Free Report) last released its earnings results 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. The firm had revenue of $1.24 billion during 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 revenue was up 23.4% on a year-over-year basis. During the same quarter last year, the business earned $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, 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.