317,654 Shares in Amer Sports, Inc. (NYSE:AS) Bought by Annex Advisory Services LLC

Annex Advisory Services LLC purchased a new stake in shares of Amer Sports, Inc. (NYSE:AS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 317,654 shares of the company's stock, valued at approximately $8,491,000. Annex Advisory Services LLC owned about 0.06% of Amer Sports as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. FMR LLC boosted its position in Amer Sports by 250.7% during the fourth quarter. FMR LLC now owns 26,414,511 shares of the company's stock valued at $738,550,000 after purchasing an additional 18,881,504 shares during the last quarter. Brilliance Asset Management Ltd. boosted its position in Amer Sports by 5.1% during the fourth quarter. Brilliance Asset Management Ltd. now owns 4,073,061 shares of the company's stock valued at $113,883,000 after purchasing an additional 196,380 shares during the last quarter. Candlestick Capital Management LP boosted its position in Amer Sports by 1.7% during the fourth quarter. Candlestick Capital Management LP now owns 3,864,510 shares of the company's stock valued at $108,052,000 after purchasing an additional 63,078 shares during the last quarter. WT Asset Management Ltd boosted its position in Amer Sports by 188.2% during the fourth quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company's stock valued at $100,834,000 after purchasing an additional 2,355,182 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in Amer Sports by 262.5% during the fourth quarter. Marshall Wace LLP now owns 3,316,167 shares of the company's stock valued at $92,720,000 after purchasing an additional 2,401,302 shares during the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

Amer Sports Price Performance

Amer Sports stock traded up $0.14 during mid-day trading on Thursday, reaching $37.37. 4,278,717 shares of the company were exchanged, compared to its average volume of 2,953,922. The company has a fifty day simple moving average of $28.03 and a 200-day simple moving average of $28.31. Amer Sports, Inc. has a 12 month low of $10.11 and a 12 month high of $38.51. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. The firm has a market cap of $20.70 billion, a PE ratio of -266.93, a PEG ratio of 0.72 and a beta of 2.76.

Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.12. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the company earned $0.08 EPS. The company's revenue was up 24.5% on a year-over-year basis. As a group, equities research analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AS. Sanford C. Bernstein began coverage on Amer Sports in a research report on Thursday, February 13th. They issued an "outperform" rating and a $38.00 price objective for the company. Morgan Stanley raised their price objective on Amer Sports from $28.00 to $33.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 21st. Citigroup reaffirmed a "buy" rating and issued a $42.00 price objective (up from $30.00) on shares of Amer Sports in a research report on Wednesday, May 21st. JPMorgan Chase & Co. raised their price objective on Amer Sports from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group raised their price objective on Amer Sports from $28.00 to $44.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $36.67.

About Amer Sports

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.