Candlestick Capital Management LP Raises Stock Position in Amer Sports, Inc. $AS

Key Points

• Candlestick Capital Management LP boosted its stake in Amer Sports by 24.5% in Q3 to 3,568,381 shares, representing about 0.64% of the company (~$124.0M) and roughly 3.0% of Candlestick’s portfolio as its sixth-largest holding.
• Amer Sports beat quarterly expectations with EPS of $0.31 vs. $0.27 expected and revenue of $2.10B (+28.5% YoY), and it set FY2026 guidance of $1.10–$1.15 EPS and Q1 guidance of $0.28–$0.30.
• Analysts maintain a consensus "Buy" rating on Amer Sports with an average price target of $47.12, including several $49–$50 targets (two Strong Buy, fifteen Buy, two Hold).

Candlestick Capital Management LP boosted its stake in Amer Sports, Inc. (NYSE:AS - Free Report) by 24.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,568,381 shares of the company's stock after purchasing an additional 702,091 shares during the period. Amer Sports comprises approximately 3.0% of Candlestick Capital Management LP's investment portfolio, making the stock its 6th biggest position. Candlestick Capital Management LP owned approximately 0.64% of Amer Sports worth $124,001,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Cinctive Capital Management LP acquired a new position in Amer Sports during the 3rd quarter worth about $863,000. Avala Global LP increased its stake in shares of Amer Sports by 4.5% in the third quarter. Avala Global LP now owns 3,339,949 shares of the company's stock valued at $116,063,000 after buying an additional 142,900 shares during the period. Bridgefront Capital LLC increased its stake in shares of Amer Sports by 82.8% in the third quarter. Bridgefront Capital LLC now owns 15,592 shares of the company's stock valued at $542,000 after buying an additional 7,061 shares during the period. Bank of America Corp DE raised its position in shares of Amer Sports by 34.6% during the third quarter. Bank of America Corp DE now owns 2,081,521 shares of the company's stock worth $72,333,000 after acquiring an additional 535,202 shares during the last quarter. Finally, Bank of Nova Scotia bought a new position in shares of Amer Sports during the third quarter worth about $50,405,000. 40.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AS has been the topic of several analyst reports. Truist Financial set a $49.00 target price on Amer Sports in a report on Wednesday, February 25th. Barclays assumed coverage on shares of Amer Sports in a report on Tuesday, December 9th. They set an "overweight" rating and a $49.00 price target for the company. UBS Group restated a "buy" rating on shares of Amer Sports in a research report on Friday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Amer Sports in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Amer Sports from $53.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $47.12.

Amer Sports Trading Down 0.1%

Shares of AS stock opened at $32.32 on Friday. The company has a market cap of $17.90 billion, a P/E ratio of 43.10, a PEG ratio of 1.29 and a beta of 2.80. The stock has a 50 day simple moving average of $37.53 and a two-hundred day simple moving average of $35.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.76 and a current ratio of 1.50. Amer Sports, Inc. has a fifty-two week low of $20.21 and a fifty-two week high of $42.76.

Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. The firm had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $1.99 billion. Amer Sports had a return on equity of 9.74% and a net margin of 6.51%.The company's revenue for the quarter was up 28.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 EPS. Amer Sports has set its FY 2026 guidance at 1.100-1.150 EPS and its Q1 2026 guidance at 0.280-0.300 EPS. Research analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

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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