Amer Sports, Inc. (NYSE:AS) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its holdings in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 63.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,311 shares of the company's stock after selling 51,449 shares during the period. BNP Paribas Financial Markets' holdings in Amer Sports were worth $820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in AS. JPMorgan Chase & Co. purchased a new position in shares of Amer Sports in the 3rd quarter valued at $25,000. West Branch Capital LLC boosted its stake in Amer Sports by 14,285.7% in the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock valued at $28,000 after acquiring an additional 1,000 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Amer Sports by 55.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock worth $97,000 after purchasing an additional 1,250 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Amer Sports during the fourth quarter worth about $104,000. Finally, Signaturefd LLC lifted its holdings in shares of Amer Sports by 35.0% in the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company's stock valued at $116,000 after purchasing an additional 1,073 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 $1.36 during midday trading on Tuesday, reaching $38.40. The company's stock had a trading volume of 3,240,931 shares, compared to its average volume of 2,792,312. The firm has a market capitalization of $21.27 billion, a PE ratio of -274.27, a P/E/G ratio of 0.72 and a beta of 2.76. Amer Sports, Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $38.51. The stock's 50 day simple moving average is $26.96 and its 200 day simple moving average is $27.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Amer Sports from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Sanford C. Bernstein started coverage on shares of Amer Sports in a report on Thursday, February 13th. They issued an "outperform" rating and a $38.00 target price on the stock. UBS Group reiterated a "buy" rating and issued a $50.00 price target (up previously from $37.00) on shares of Amer Sports in a research report on Wednesday, May 21st. TD Securities raised their price objective on shares of Amer Sports from $30.00 to $41.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Wall Street Zen upgraded shares of Amer Sports from a "hold" rating to a "buy" rating in a research note on Saturday. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.