Trexquant Investment LP Acquires 618,632 Shares of Amer Sports, Inc. $AS

Key Points

• Trexquant Investment LP significantly increased its stake in Amer Sports, Inc. by 341.1%, acquiring a total of 799,989 shares worth approximately $21.38 million.
• Analysts have generally favorable ratings for Amer Sports, with a consensus target price of $41.62 and several analysts recently boosting their price targets, including HSBC's buy rating with a target of $50.00.
• Amer Sports reported a quarterly earnings per share of $0.06, exceeding estimates, with a revenue increase of 23.4% year-over-year, totaling $1.24 billion.

Trexquant Investment LP lifted its stake in Amer Sports, Inc. (NYSE:AS - Free Report) by 341.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 799,989 shares of the company's stock after buying an additional 618,632 shares during the period. Trexquant Investment LP owned about 0.14% of Amer Sports worth $21,384,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AS. Colonial Trust Advisors acquired a new position in Amer Sports in the first quarter worth about $93,000. Signaturefd LLC raised its position in Amer Sports by 19.1% in the first quarter. Signaturefd LLC now owns 4,925 shares of the company's stock worth $132,000 after purchasing an additional 789 shares in the last quarter. Keel Point LLC acquired a new position in Amer Sports in the fourth quarter worth about $234,000. Vontobel Holding Ltd. acquired a new position in Amer Sports in the first quarter worth about $245,000. Finally, Sandia Investment Management LP acquired a new position in Amer Sports in the fourth quarter worth about $280,000. Institutional investors and hedge funds own 40.25% of the company's stock.

Amer Sports Price Performance

Shares of AS traded down $1.58 during mid-day trading on Monday, hitting $39.33. 3,853,288 shares of the company traded hands, compared to its average volume of 4,911,891. The company has a current ratio of 1.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $21.78 billion, a price-to-earnings ratio of 95.94, a PEG ratio of 1.32 and a beta of 3.30. The business has a 50-day moving average of $38.36 and a 200 day moving average of $32.53. Amer Sports, Inc. has a one year low of $13.16 and a one year high of $42.36.

Amer Sports (NYSE:AS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. The business 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%. Amer Sports's revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter last year, the business 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. As a group, equities analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AS. JPMorgan Chase & Co. increased their price target on shares of Amer Sports from $45.00 to $46.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. 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. Wells Fargo & Company set a $35.00 price objective on shares of Amer Sports and gave the stock an "equal weight" rating in a report on Wednesday, May 21st. TD Securities raised their price objective on shares of Amer Sports from $30.00 to $41.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Finally, HSBC set a $50.00 price objective on shares of Amer Sports and gave the stock a "buy" rating in a report on Tuesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Amer Sports has an average rating of "Moderate Buy" and a consensus price target of $41.62.

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.