Amer Sports, Inc. (NYSE:AS) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its position in Amer Sports, Inc. (NYSE:AS - Free Report) by 59.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,100 shares of the company's stock after buying an additional 10,100 shares during the quarter. Handelsbanken Fonder AB's holdings in Amer Sports were worth $724,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AS. Sterling Capital Management LLC lifted 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 worth $97,000 after acquiring an additional 1,250 shares during the period. Signaturefd LLC increased its holdings in Amer Sports by 35.0% during the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company's stock worth $116,000 after purchasing an additional 1,073 shares in the last quarter. Mainstream Capital Management LLC purchased a new position in Amer Sports during the 4th quarter worth $190,000. Keel Point LLC bought a new stake in Amer Sports in the 4th quarter worth about $234,000. Finally, Magnetar Financial LLC purchased a new stake in shares of Amer Sports during the fourth quarter valued at approximately $275,000. 40.25% of the stock is currently owned by institutional investors.

Amer Sports Trading Up 0.6%

Shares of AS traded up $0.20 during trading on Thursday, reaching $36.26. 2,548,863 shares of the company traded hands, compared to its average volume of 3,053,989. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $39.17. The company has a quick ratio of 0.80, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. The stock has a 50-day simple moving average of $30.60 and a 200-day simple moving average of $29.23. The stock has a market cap of $20.08 billion, a PE ratio of 98.00, a price-to-earnings-growth ratio of 1.35 and a beta of 3.64.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.12. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.38 billion. Amer Sports had a net margin of 3.70% and a return on equity of 7.21%. The company's quarterly revenue was up 24.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 EPS. On average, analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on AS. Citigroup reiterated a "buy" rating and issued 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 boosted their price target on shares of Amer Sports from $28.00 to $44.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. UBS Group reiterated a "buy" rating and set a $50.00 target price (up from $37.00) on shares of Amer Sports in a research report on Wednesday, May 21st. JPMorgan Chase & Co. upped their price objective on Amer Sports from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Finally, Wall Street Zen upgraded shares of Amer Sports from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Amer Sports currently has an average rating of "Moderate Buy" and an average price target of $36.67.

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.