Arlington Capital Management Inc. Buys Shares of 78,808 Amer Sports, Inc. $AS

Key Points

• Arlington Capital Management Inc. has acquired 78,808 shares of Amer Sports, valued at approximately $3,055,000, making it the firm's 12th biggest holding.
• In the first quarter, Citigroup Inc. significantly increased its position in Amer Sports by 1,402.2%, owning now 441,628 shares, while other institutions have also raised their stakes in the company.
• A recent quarterly earnings report revealed that Amer Sports beat analyst estimates with $0.06 EPS, and the company projects an earnings guidance for fiscal year 2025 between $0.770 and $0.820 EPS.

Arlington Capital Management Inc. acquired a new position in Amer Sports, Inc. (NYSE:AS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 78,808 shares of the company's stock, valued at approximately $3,055,000. Amer Sports comprises about 2.7% of Arlington Capital Management Inc.'s holdings, making the stock its 12th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Citigroup Inc. raised its position in Amer Sports by 1,402.2% in the first quarter. Citigroup Inc. now owns 441,628 shares of the company's stock worth $11,805,000 after acquiring an additional 412,229 shares during the period. Deutsche Bank AG raised its holdings in Amer Sports by 25.9% in the 1st quarter. Deutsche Bank AG now owns 1,160,491 shares of the company's stock worth $31,020,000 after purchasing an additional 238,937 shares during the period. Vontobel Holding Ltd. bought a new position in Amer Sports in the 1st quarter worth $245,000. Handelsbanken Fonder AB raised its holdings in Amer Sports by 59.4% in the 1st quarter. Handelsbanken Fonder AB now owns 27,100 shares of the company's stock worth $724,000 after purchasing an additional 10,100 shares during the period. Finally, Entropy Technologies LP bought a new position in Amer Sports in the 1st quarter worth $995,000. Hedge funds and other institutional investors own 40.25% of the company's stock.

Amer Sports Stock Performance

Shares of NYSE AS opened at $34.16 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 1.60. The company has a market cap of $18.92 billion, a P/E ratio of 83.31, a P/E/G ratio of 1.10 and a beta of 3.30. The firm's fifty day moving average is $37.83 and its two-hundred day moving average is $33.41. Amer Sports, Inc. has a 52-week low of $15.00 and a 52-week high of $42.36.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. Amer Sports had a net margin of 3.93% and a return on equity of 6.87%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm posted $0.05 EPS. Amer Sports's revenue for the quarter was up 23.4% compared to the same quarter last year. 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, analysts anticipate that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on AS shares. Piper Sandler started coverage on Amer Sports in a research note on Thursday, June 26th. They issued an "overweight" rating and a $45.00 price objective on the stock. Citigroup raised their target price on shares of Amer Sports from $42.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Bank of America raised their target price on shares of Amer Sports from $45.00 to $46.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Wells Fargo & Company raised their price objective on shares of Amer Sports from $35.00 to $38.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, UBS Group raised their price objective on shares of Amer Sports from $50.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Amer Sports has an average rating of "Moderate Buy" and a consensus price target of $43.49.

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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