Amer Sports, Inc. (NYSE:AS) Shares Sold by Tabor Asset Management LP

Tabor Asset Management LP trimmed its stake in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 39.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,152 shares of the company's stock after selling 70,404 shares during the period. Tabor Asset Management LP's holdings in Amer Sports were worth $2,918,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sterling Capital Management LLC grew its holdings in shares of Amer Sports by 55.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock valued at $97,000 after purchasing an additional 1,250 shares in the last quarter. Signaturefd LLC lifted its position in shares of Amer Sports by 35.0% during the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company's stock worth $116,000 after buying an additional 1,073 shares during the last quarter. Keel Point LLC purchased a new stake in Amer Sports in the 4th quarter valued at $234,000. Vontobel Holding Ltd. purchased a new stake in Amer Sports in the 1st quarter valued at $245,000. Finally, Magnetar Financial LLC acquired a new position in Amer Sports in the 4th quarter valued at $275,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AS has been the topic of a number of recent research reports. UBS Group restated a "buy" rating and issued a $50.00 target price (up from $37.00) on shares of Amer Sports in a report on Wednesday, May 21st. The Goldman Sachs Group raised their price target on shares of Amer Sports from $28.00 to $44.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Morgan Stanley raised their price target on shares of Amer Sports from $28.00 to $33.00 and gave the company an "equal weight" rating in a report on Wednesday, May 21st. Piper Sandler began coverage on shares of Amer Sports in a research report on Thursday, June 26th. They set an "overweight" rating and a $45.00 price target for the company. Finally, KGI Securities set a $44.30 target price on Amer Sports and gave the company an "outperform" rating in a research note on Wednesday, June 25th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $37.81.

Amer Sports Stock Performance

AS stock traded up $0.36 during midday trading on Monday, reaching $38.83. The stock had a trading volume of 103,105 shares, compared to its average volume of 3,202,787. The firm has a fifty day simple moving average of $36.88 and a two-hundred day simple moving average of $30.93. The stock has a market cap of $21.51 billion, a PE ratio of 104.89, a P/E/G ratio of 1.57 and a beta of 3.36. Amer Sports, Inc. has a 52-week low of $10.11 and a 52-week high of $40.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.80 and a current ratio of 1.66.

Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.12. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.38 billion. Amer Sports had a net margin of 3.70% and a return on equity of 7.21%. The company's revenue was up 24.5% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. As a group, equities research analysts anticipate that Amer Sports, Inc. will post 0.46 EPS for the current year.

Amer Sports Company 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.

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