Amer Sports, Inc. $AS Stock Holdings Decreased by Wellington Management Group LLP

Key Points

• Wellington Management cut its Amer Sports position by 46.7% in the second quarter, selling 742,470 shares and retaining 847,301 shares worth approximately $28.7 million. Institutional investors collectively own 40.25% of the company.
• Amer Sports reported stronger-than-expected quarterly results, with EPS of $0.22 versus the $0.11 consensus and revenue of $1.63 billion, up 32.1% year over year. The company issued fiscal 2026 EPS guidance of $1.27–$1.30.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $49.14, despite the stock trading near $29.59. CFO Andrew Page also sold shares to cover tax withholding related to vested equity awards.

Wellington Management Group LLP lowered its position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 46.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 847,301 shares of the company's stock after selling 742,470 shares during the quarter. Wellington Management Group LLP owned 0.15% of Amer Sports worth $28,673,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in Amer Sports in the 2nd quarter worth approximately $1,780,000. Bank of New York Mellon Corp acquired a new stake in Amer Sports during the 2nd quarter valued at $14,459,000. Handelsbanken Fonder AB raised its stake in Amer Sports by 10.5% during the 2nd quarter. Handelsbanken Fonder AB now owns 62,300 shares of the company's stock valued at $2,108,000 after purchasing an additional 5,900 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Amer Sports by 10.6% in the second quarter. GAMMA Investing LLC now owns 4,223 shares of the company's stock valued at $143,000 after purchasing an additional 405 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in shares of Amer Sports by 41.4% in the second quarter. Avior Wealth Management LLC now owns 17,582 shares of the company's stock valued at $595,000 after purchasing an additional 5,152 shares in the last quarter. Hedge funds and other institutional investors own 40.25% of the company's stock.

Amer Sports Trading Up 3.8%

NYSE AS opened at $29.59 on Friday. The company has a current ratio of 1.76, a quick ratio of 0.80 and a debt-to-equity ratio of 0.11. Amer Sports, Inc. has a 1-year low of $28.09 and a 1-year high of $42.76. The firm's fifty day simple moving average is $33.80 and its 200-day simple moving average is $34.74. The company has a market capitalization of $16.39 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 0.91 and a beta of 1.99.

Amer Sports (NYSE:AS - Get Free Report) last issued its earnings results on Tuesday, August 18th. The company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.11. Amer Sports had a return on equity of 11.18% and a net margin of 7.35%.The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the company posted $0.03 earnings per share. The business's quarterly revenue was up 32.1% compared to the same quarter last year. Amer Sports has set its FY 2026 guidance at 1.270-1.300 EPS and its Q3 2026 guidance at 0.310-0.330 EPS. As a group, sell-side analysts anticipate that Amer Sports, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AS. Robert W. Baird set a $51.00 price target on Amer Sports in a report on Wednesday, May 20th. Piper Sandler reissued an "overweight" rating on shares of Amer Sports in a research note on Wednesday, August 19th. Weiss Ratings lowered Amer Sports from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, August 19th. Truist Financial lowered their target price on Amer Sports from $50.00 to $42.00 and set a "buy" rating on the stock in a research note on Wednesday, August 19th. Finally, JPMorgan Chase & Co. upped their target price on Amer Sports from $59.00 to $64.00 and gave the company an "overweight" rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.14.

Insider Buying and Selling

In related news, CFO Andrew Page sold 2,022 shares of the firm's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $28.63, for a total transaction of $57,889.86. Following the transaction, the chief financial officer owned 6,575 shares of the company's stock, valued at approximately $188,242.25. This trade represents a 23.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Amer Sports Profile

Amer Sports NYSE: AS is a Helsinki-based sporting goods group that designs, develops and markets performance-oriented equipment, apparel and footwear across multiple sports. The company focuses on product innovation, brand-driven marketing and global distribution to serve athletes and outdoor enthusiasts, offering goods for activities such as skiing, running, hiking, tennis, golf and diving.

Amer Sports' portfolio comprises well-known sports and outdoor brands, including Salomon (outdoor footwear and winter sports), Atomic (alpine skis and ski equipment), Arc'teryx (technical outerwear and climbing gear), Wilson (racquet and ball sports equipment) and Suunto (precision instruments and sports watches).

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