Deutsche Bank AG Boosts Stock Holdings in Amer Sports, Inc. (NYSE:AS)

Deutsche Bank AG boosted its stake in Amer Sports, Inc. (NYSE:AS - Free Report) by 25.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,160,491 shares of the company's stock after purchasing an additional 238,937 shares during the period. Deutsche Bank AG owned about 0.21% of Amer Sports worth $31,020,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Marshall Wace LLP grew its stake in shares of Amer Sports by 262.5% in the fourth quarter. Marshall Wace LLP now owns 3,316,167 shares of the company's stock worth $92,720,000 after acquiring an additional 2,401,302 shares in the last quarter. Junto Capital Management LP acquired a new position in shares of Amer Sports during the fourth quarter worth $66,793,000. Oxbow Capital Management HK Ltd acquired a new position in shares of Amer Sports during the fourth quarter worth $41,940,000. SG Americas Securities LLC grew its stake in shares of 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 worth $37,903,000 after purchasing an additional 1,408,381 shares in the last quarter. Finally, Anomaly Capital Management LP acquired a new position in shares of Amer Sports during the fourth quarter worth $32,398,000. Institutional investors and hedge funds own 40.25% of the company's stock.

Amer Sports Stock Performance

Shares of NYSE:AS traded up $0.80 on Friday, reaching $38.72. The company's stock had a trading volume of 3,491,751 shares, compared to its average volume of 3,929,358. The stock's 50-day moving average is $37.88 and its two-hundred day moving average is $31.94. Amer Sports, Inc. has a 52-week low of $11.31 and a 52-week high of $40.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 0.80. The stock has a market capitalization of $21.44 billion, a P/E ratio of 104.65, a PEG ratio of 1.59 and a beta of 3.31.

Amer Sports (NYSE:AS - Get Free Report) last announced its earnings results on Tuesday, May 20th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.12. Amer Sports had a net margin of 3.70% and a return on equity of 7.21%. The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the prior year, the company earned $0.08 earnings per share. The business's revenue was up 24.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Amer Sports, Inc. will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Amer Sports from $45.00 to $46.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. 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 note on Wednesday, May 21st. KGI Securities set a $44.30 target price on shares of Amer Sports and gave the stock an "outperform" rating in a research note on Wednesday, June 25th. Morgan Stanley boosted their price target 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. Finally, The Goldman Sachs Group lifted their target price on Amer Sports from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amer Sports has an average rating of "Moderate Buy" and an average target price of $38.74.

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.