Boothbay Fund Management LLC Decreases Stake in Amer Sports, Inc. $AS

Key Points

• Boothbay Fund Management LLC reduced its holdings in Amer Sports, Inc. by 4.9%, now owning 261,754 shares valued at $6,997,000.
• Amer Sports reported a 23.4% year-over-year revenue growth for the quarter, with earnings per share (EPS) of $0.06 exceeding analyst estimates.
• Analysts have varying ratings on Amer Sports, with a consensus rating of "Moderate Buy" and an average target price of $41.62 per share.

Boothbay Fund Management LLC reduced its position in Amer Sports, Inc. (NYSE:AS - Free Report) by 4.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,754 shares of the company's stock after selling 13,373 shares during the quarter. Boothbay Fund Management LLC's holdings in Amer Sports were worth $6,997,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AS. Quarry LP bought a new position in Amer Sports in the first quarter worth about $34,000. Colonial Trust Advisors bought a new position in Amer Sports in the first quarter worth about $93,000. Signaturefd LLC grew its stake in shares of Amer Sports by 19.1% during the first quarter. Signaturefd LLC now owns 4,925 shares of the company's stock worth $132,000 after acquiring an additional 789 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in shares of Amer Sports during the first quarter worth about $245,000. Finally, State of Wyoming purchased a new stake in shares of Amer Sports during the first quarter worth about $279,000. 40.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AS. Wall Street Zen upgraded Amer Sports from a "hold" rating to a "buy" rating in a research note on Friday. Zacks Research lowered Amer Sports from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. HSBC set a $50.00 target price on Amer Sports and gave the company a "buy" rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. upped their price objective on Amer Sports from $45.00 to $46.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, Robert W. Baird increased their price objective on Amer Sports from $44.00 to $45.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $41.62.

Amer Sports Trading Up 0.3%

NYSE AS traded up $0.10 during trading on Monday, hitting $36.66. The stock had a trading volume of 3,283,914 shares, compared to its average volume of 4,071,616. The company has a market capitalization of $20.30 billion, a PE ratio of 89.40, a PEG ratio of 1.22 and a beta of 3.30. The company has a quick ratio of 0.61, a current ratio of 1.60 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average price of $38.36 and a 200 day moving average price of $32.79. Amer Sports, Inc. has a twelve month low of $13.43 and a twelve month high of $42.36.

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