Bank of New York Mellon Corp Takes Position in Amer Sports, Inc. $AS

Key Points

• Bank of New York Mellon acquired 427,276 Amer Sports shares during the second quarter, worth approximately $14.5 million and representing a 0.08% stake. Institutional investors and hedge funds collectively own 40.25% of the company.
• Amer Sports reported a quarterly earnings beat, with EPS of $0.22 versus estimates of $0.11 and revenue of $1.63 billion, up 32.1% year over year. The company issued fiscal 2026 EPS guidance of $1.27–$1.30.
• AS shares recently traded at $29.41, down 3.7%, while analysts maintained a generally positive outlook: the stock has a “Moderate Buy” consensus rating and an average price target of $49.14.

Bank of New York Mellon Corp acquired a new stake in shares of Amer Sports, Inc. (NYSE:AS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 427,276 shares of the company's stock, valued at approximately $14,459,000. Bank of New York Mellon Corp owned 0.08% of Amer Sports as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Wakefield Asset Management LLLP acquired a new stake in Amer Sports during the 4th quarter worth approximately $3,927,000. Ogborne Capital Management LLC bought a new stake in shares of Amer Sports during the fourth quarter worth $22,257,000. Norges Bank acquired a new stake in shares of Amer Sports during the fourth quarter worth $70,055,000. Legal & General Group Plc lifted its position in Amer Sports by 670.1% in the 4th quarter. Legal & General Group Plc now owns 118,455 shares of the company's stock valued at $4,424,000 after acquiring an additional 103,074 shares in the last quarter. Finally, Pinnbrook Capital Management LP acquired a new position in Amer Sports in the 4th quarter worth $1,549,000. Institutional investors and hedge funds own 40.25% of the company's stock.

Amer Sports Trading Down 3.7%

AS stock opened at $29.41 on Wednesday. Amer Sports, Inc. has a one year low of $28.92 and a one year high of $42.76. The stock has a market cap of $16.29 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 0.98 and a beta of 1.99. The company has a fifty day moving average price of $34.13 and a two-hundred day moving average price of $34.92. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.76 and a quick ratio of 0.80.

Amer Sports (NYSE:AS - Get Free Report) last posted its earnings results on Tuesday, August 18th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.11. Amer Sports had a net margin of 7.35% and a return on equity of 11.18%. The company had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.54 billion. During the same quarter last year, the company posted $0.03 EPS. Amer Sports's quarterly revenue was up 32.1% compared to the same quarter last year. Amer Sports has set its FY 2026 guidance at 1.270-1.300 EPS and its Q3 2026 guidance at 0.310-0.330 EPS. Equities analysts anticipate that Amer Sports, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AS. Truist Financial cut their price target on Amer Sports from $50.00 to $42.00 and set a "buy" rating on the stock in a report on Wednesday, August 19th. Barclays lifted their target price on Amer Sports from $49.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, August 19th. Piper Sandler reaffirmed an "overweight" rating on shares of Amer Sports in a research report on Wednesday, August 19th. Robert W. Baird set a $51.00 target price on shares of Amer Sports in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. raised their target price on shares of Amer Sports from $59.00 to $64.00 and gave the company an "overweight" rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $49.14.

Amer Sports Profile

Amer Sports NYSE: AS is a Helsinki-based sporting goods group that designs, develops and markets performance-oriented equipment, apparel and footwear across multiple sports. The company focuses on product innovation, brand-driven marketing and global distribution to serve athletes and outdoor enthusiasts, offering goods for activities such as skiing, running, hiking, tennis, golf and diving.

Amer Sports' portfolio comprises well-known sports and outdoor brands, including Salomon (outdoor footwear and winter sports), Atomic (alpine skis and ski equipment), Arc'teryx (technical outerwear and climbing gear), Wilson (racquet and ball sports equipment) and Suunto (precision instruments and sports watches).

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