Amer Sports, Inc. $AS Stock Holdings Lifted by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC increased its stake in Amer Sports by 8.0%, acquiring an additional 54,202 shares, bringing its total to 735,492 shares worth approximately $19.66 million.
• Analysts have varied ratings on Amer Sports, with HSBC setting a target price of $50.00 and categorizing it as "buy," while Zacks Research downgraded it to "hold."
• Amer Sports recently reported a net profit of $0.06 earnings per share for the last quarter, outperforming estimates and reflecting a 23.4% increase in revenue year-over-year.

Gotham Asset Management LLC increased its position in Amer Sports, Inc. (NYSE:AS - Free Report) by 8.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 735,492 shares of the company's stock after purchasing an additional 54,202 shares during the period. Gotham Asset Management LLC owned 0.13% of Amer Sports worth $19,660,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new position in Amer Sports in the first quarter valued at approximately $34,000. Colonial Trust Advisors acquired a new position in Amer Sports in the first quarter valued at approximately $93,000. Signaturefd LLC boosted its stake 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 acquiring an additional 789 shares during the period. Vontobel Holding Ltd. acquired a new position in Amer Sports in the first quarter valued at approximately $245,000. Finally, State of Wyoming acquired a new position in Amer Sports in the first quarter valued at approximately $279,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on AS shares. Hsbc Global Res upgraded Amer Sports from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 27th. HSBC set a $50.00 price target on Amer Sports and gave the company a "buy" rating in a report on Tuesday, August 26th. Robert W. Baird lifted their price target on Amer Sports from $44.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Wells Fargo & Company set a $35.00 price target on Amer Sports and gave the company an "equal weight" rating in a report on Wednesday, May 21st. Finally, The Goldman Sachs Group lifted their price target on Amer Sports from $44.00 to $45.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $41.62.

Amer Sports Price Performance

NYSE:AS traded down $0.03 during midday trading on Thursday, hitting $36.69. 706,152 shares of the stock were exchanged, compared to its average volume of 4,033,183. Amer Sports, Inc. has a one year low of $13.80 and a one year high of $42.36. The company has a market capitalization of $20.32 billion, a price-to-earnings ratio of 89.47, a P/E/G ratio of 1.23 and a beta of 3.30. The business has a 50-day moving average price of $38.27 and a two-hundred day moving average price of $32.90. The company has a current ratio of 1.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24.

Amer Sports (NYSE:AS - Get Free Report) last announced its earnings results on Tuesday, August 19th. The company reported $0.06 EPS 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 analysts' expectations of $1.18 billion. During the same quarter in the previous year, the company earned $0.05 earnings per share. The firm's quarterly revenue 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. Sell-side analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current year.

Amer Sports Company 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.