Canada Pension Plan Investment Board Invests $6.19 Million in Amer Sports, Inc. $AS

Key Points

• The Canada Pension Plan Investment Board made a new investment in Amer Sports, purchasing 231,462 shares valued at approximately $6.2 million.
• Amer Sports reported a 23.4% year-over-year revenue increase for the last quarter, with earnings per share of $0.06, surpassing analyst expectations.
• Analysts have given Amer Sports a consensus rating of "Moderate Buy" with an average price target of $41.62.

Canada Pension Plan Investment Board bought a new stake in Amer Sports, Inc. (NYSE:AS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 231,462 shares of the company's stock, valued at approximately $6,187,000.

Other large investors also recently bought and sold shares of the company. Colonial Trust Advisors acquired a new stake in Amer Sports in the first quarter valued at $93,000. Signaturefd LLC grew its holdings in Amer Sports by 19.1% in the first quarter. Signaturefd LLC now owns 4,925 shares of the company's stock valued at $132,000 after purchasing an additional 789 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in Amer Sports in the first quarter valued at $245,000. Sandia Investment Management LP acquired a new stake in Amer Sports in the fourth quarter valued at $280,000. Finally, State of Wyoming acquired a new stake in Amer Sports in the first quarter valued at $279,000. Institutional investors and hedge funds own 40.25% of the company's stock.

Wall Street Analyst Weigh In

AS has been the topic of several research reports. Citigroup reissued a "buy" rating and issued a $42.00 target price (up previously from $30.00) on shares of Amer Sports in a report on Wednesday, May 21st. KGI Securities set a $44.30 price objective on Amer Sports and gave the company an "outperform" rating in a research note on Wednesday, June 25th. Morgan Stanley increased their price objective on Amer Sports from $28.00 to $33.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 21st. The Goldman Sachs Group increased their price objective on Amer Sports from $44.00 to $45.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. increased their price objective on Amer Sports from $45.00 to $46.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $41.62.

Amer Sports Trading Down 3.3%

NYSE AS traded down $1.24 during trading hours on Friday, hitting $36.56. 5,035,967 shares of the company's stock were exchanged, compared to its average volume of 4,883,739. The business's 50 day moving average is $38.36 and its 200-day moving average is $32.77. Amer Sports, Inc. has a 12-month low of $13.43 and a 12-month high of $42.36. The firm has a market capitalization of $20.25 billion, a P/E ratio of 89.16, a price-to-earnings-growth ratio of 1.22 and a beta of 3.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 1.60.

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, topping the consensus estimate of $0.02 by $0.04. Amer Sports had a return on equity of 6.87% and a net margin of 3.93%.The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the business posted $0.05 earnings per share. The firm'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.

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.