Fox Run Management L.L.C. Buys New Stake in Amer Sports, Inc. $AS

Key Points

• Fox Run Management L.L.C. has invested $280,000 in Amer Sports, acquiring 10,473 shares during the first quarter.
• Amer Sports reported a 23.4% year-over-year increase in quarterly revenue, with earnings per share of $0.06, beating analysts' estimates.
• Analysts have set an average price target of $38.74 for Amer Sports, reflecting a consensus rating of "Moderate Buy."

Fox Run Management L.L.C. acquired a new position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,473 shares of the company's stock, valued at approximately $280,000.

Several other large investors also recently made changes to their positions in AS. Sterling Capital Management LLC increased its stake in shares of Amer Sports by 55.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock valued at $97,000 after purchasing an additional 1,250 shares during the period. Signaturefd LLC increased its stake in shares of 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 period. Keel Point LLC acquired a new stake in shares of Amer Sports in the fourth quarter valued at approximately $234,000. Vontobel Holding Ltd. acquired a new stake in shares of Amer Sports in the first quarter valued at approximately $245,000. Finally, Sandia Investment Management LP acquired a new stake in shares of Amer Sports in the fourth quarter valued at approximately $280,000. Institutional investors and hedge funds own 40.25% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of Amer Sports from $28.00 to $33.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 21st. Citigroup reiterated a "buy" rating and set a $42.00 price objective (up previously from $30.00) on shares of Amer Sports in a research note on Wednesday, May 21st. The Goldman Sachs Group raised their price objective on shares of Amer Sports from $44.00 to $45.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Wall Street Zen lowered shares of Amer Sports from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Piper Sandler started coverage on shares of Amer Sports in a research note on Thursday, June 26th. They set an "overweight" rating and a $45.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.29.

Amer Sports Trading Up 11.6%

Amer Sports stock traded up $4.30 during midday trading on Friday, reaching $41.50. The stock had a trading volume of 9,367,222 shares, compared to its average volume of 4,178,347. The firm's fifty day simple moving average is $37.95 and its two-hundred day simple moving average is $32.18. Amer Sports, Inc. has a twelve month low of $13.16 and a twelve month high of $41.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.60 and a quick ratio of 0.80. The firm has a market cap of $22.98 billion, a price-to-earnings ratio of 101.22, a PEG ratio of 1.24 and a beta of 3.31.

Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.04. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.18 billion. Amer Sports had a net margin of 3.93% and a return on equity of 6.87%. The company's revenue was up 23.4% on a year-over-year basis. During the same quarter last year, the business 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. Equities analysts anticipate that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

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.