Amundi Decreases Stock Position in Amer Sports, Inc. $AS

Key Points

• Amundi has reduced its stake in Amer Sports by 19.4% in the first quarter, selling 19,160 shares and retaining 79,406 shares valued at approximately $1.95 million.
• Several large investors have recently altered their positions in Amer Sports, with 40.25% of the company now owned by hedge funds and institutional investors.
• Amer Sports reported a 23.4% increase in quarterly revenue year-over-year, with earnings per share surpassing analyst expectations, leading to an optimistic FY 2025 guidance of 0.770-0.820 EPS.

Amundi lowered its stake in Amer Sports, Inc. (NYSE:AS - Free Report) by 19.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,406 shares of the company's stock after selling 19,160 shares during the period. Amundi's holdings in Amer Sports were worth $1,951,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Quarry LP purchased a new position in shares of Amer Sports in the first quarter worth about $34,000. Colonial Trust Advisors purchased a new position in Amer Sports during the 1st quarter valued at about $93,000. Signaturefd LLC increased its holdings in Amer Sports by 19.1% during the 1st quarter. Signaturefd LLC now owns 4,925 shares of the company's stock valued at $132,000 after purchasing an additional 789 shares during the period. Vontobel Holding Ltd. purchased a new position in Amer Sports during the 1st quarter valued at about $245,000. Finally, State of Wyoming purchased a new position in Amer Sports during the 1st quarter valued at about $279,000. Hedge funds and other institutional investors own 40.25% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AS. Morgan Stanley boosted their price target on 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 Amer Sports in a report on Thursday, June 26th. They set an "overweight" rating and a $45.00 price target on the stock. UBS Group boosted their price target on Amer Sports from $50.00 to $52.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. The Goldman Sachs Group boosted their price target on Amer Sports from $44.00 to $45.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Finally, Bank of America lifted their price objective on Amer Sports from $42.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $41.62.

Amer Sports Price Performance

Shares of NYSE AS opened at $36.38 on Friday. Amer Sports, Inc. has a twelve month low of $14.16 and a twelve month high of $42.36. The firm has a market cap of $20.15 billion, a P/E ratio of 88.73, a PEG ratio of 1.24 and a beta of 3.30. The company has a 50 day moving average of $38.18 and a 200 day moving average of $33.01. The company has a quick ratio of 0.61, a current ratio of 1.60 and a debt-to-equity ratio of 0.24.

Amer Sports (NYSE:AS - Get Free Report) last announced its 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%. The company's quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 EPS. 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, research analysts expect that Amer Sports, Inc. will post 0.46 EPS 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.

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