KADENSA CAPITAL Ltd Has $15.45 Million Holdings in Amer Sports, Inc. $AS

Key Points

• KADENSA CAPITAL Ltd increased its stake in Amer Sports, Inc. by 35.2%, now owning 577,988 shares valued at approximately $15.45 million.
• Analysts have set a consensus price target of $41.62 for Amer Sports, with ratings ranging from "strong buy" to "hold" by various firms.
• In its most recent earnings report, Amer Sports beat expectations by reporting $0.06 EPS and a revenue of $1.24 billion, marking a 23.4% increase year-over-year.

KADENSA CAPITAL Ltd grew its holdings in Amer Sports, Inc. (NYSE:AS - Free Report) by 35.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 577,988 shares of the company's stock after purchasing an additional 150,560 shares during the period. Amer Sports makes up 1.9% of KADENSA CAPITAL Ltd's portfolio, making the stock its 24th biggest position. KADENSA CAPITAL Ltd owned about 0.10% of Amer Sports worth $15,450,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Junto Capital Management LP acquired a new position in shares of Amer Sports in the fourth quarter worth $66,793,000. Trivest Advisors Ltd increased its stake in shares of Amer Sports by 47.9% in the first quarter. Trivest Advisors Ltd now owns 2,110,945 shares of the company's stock worth $56,426,000 after acquiring an additional 683,445 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Amer Sports by 14,640.1% in the first quarter. SG Americas Securities LLC now owns 1,418,001 shares of the company's stock worth $37,903,000 after acquiring an additional 1,408,381 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Amer Sports by 25.9% in the first quarter. Deutsche Bank AG now owns 1,160,491 shares of the company's stock worth $31,020,000 after acquiring an additional 238,937 shares during the last quarter. Finally, Shellback Capital LP increased its stake in shares of Amer Sports by 27.1% in the fourth quarter. Shellback Capital LP now owns 1,080,557 shares of the company's stock worth $30,212,000 after acquiring an additional 230,557 shares during the last quarter. Hedge funds and other institutional investors own 40.25% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on AS. Hsbc Global Res raised shares of Amer Sports from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 27th. HSBC set a $50.00 target price on shares of Amer Sports and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Wells Fargo & Company set a $35.00 target price on shares of Amer Sports and gave the stock an "equal weight" rating in a research report on Wednesday, May 21st. Robert W. Baird increased their target price on shares of Amer Sports from $44.00 to $45.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. raised their price target on Amer Sports from $45.00 to $46.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $41.62.

Amer Sports Price Performance

Shares of NYSE:AS traded down $0.14 during midday trading on Wednesday, reaching $36.57. 804,983 shares of the company's stock were exchanged, compared to its average volume of 4,041,785. The company's 50 day simple moving average is $38.30 and its two-hundred day simple moving average is $32.87. The firm has a market capitalization of $20.25 billion, a PE ratio of 89.17, a price-to-earnings-growth ratio of 1.23 and a beta of 3.30. Amer Sports, Inc. has a 12 month low of $13.43 and a 12 month high of $42.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 1.60.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.04. The firm had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.18 billion. Amer Sports had a net margin of 3.93% and a return on equity of 6.87%. The company's revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter last year, the company earned $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. Equities research analysts expect that Amer Sports, Inc. will post 0.46 earnings per share 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.