Amer Sports, Inc. $AS Stock Position Reduced by Interval Partners LP

Key Points

• Interval Partners LP reduced its stake in Amer Sports by 73.1%, holding 193,146 shares valued at approximately $5.16 million after selling 523,873 shares in Q1.
• Amer Sports reported earnings of $0.06 per share in Q2, exceeding analysts' expectations, with revenue increasing by 23.4% year-over-year to $1.24 billion.
• Several investment firms have increased their target prices for Amer Sports, with Goldman Sachs and Bank of America both setting a target of $45.00, while the stock has a consensus rating of "Moderate Buy."

Interval Partners LP cut its position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 73.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 193,146 shares of the company's stock after selling 523,873 shares during the quarter. Interval Partners LP's holdings in Amer Sports were worth $5,163,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AS. Junto Capital Management LP acquired a new stake in Amer Sports during the fourth quarter worth about $66,793,000. SG Americas Securities LLC increased its stake in Amer Sports by 14,640.1% during the first quarter. SG Americas Securities LLC now owns 1,418,001 shares of the company's stock worth $37,903,000 after acquiring an additional 1,408,381 shares during the last quarter. Deutsche Bank AG increased its stake in Amer Sports by 812.5% during the fourth quarter. Deutsche Bank AG now owns 921,554 shares of the company's stock worth $25,767,000 after acquiring an additional 820,560 shares during the last quarter. Vident Advisory LLC acquired a new stake in Amer Sports during the fourth quarter worth about $19,791,000. Finally, Trivest Advisors Ltd increased its stake in Amer Sports by 47.9% during the first quarter. Trivest Advisors Ltd now owns 2,110,945 shares of the company's stock worth $56,426,000 after acquiring an additional 683,445 shares during the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Amer Sports Stock Down 3.3%

AS traded down $1.24 on Friday, reaching $36.56. The company's stock had a trading volume of 5,035,967 shares, compared to its average volume of 4,952,944. The stock has a market cap of $20.25 billion, a price-to-earnings ratio of 89.16, a price-to-earnings-growth ratio of 1.22 and a beta of 3.30. Amer Sports, Inc. has a 1 year low of $13.43 and a 1 year high of $42.36. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.60 and a quick ratio of 0.61. The business's 50 day moving average is $38.36 and its 200 day moving average is $32.79.

Amer Sports (NYSE:AS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 19th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the business posted $0.05 earnings per share. Amer Sports's revenue for the quarter was up 23.4% on a year-over-year basis. 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, research analysts forecast that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Piper Sandler assumed coverage on Amer Sports in a research report on Thursday, June 26th. They issued an "overweight" rating and a $45.00 target price for the company. Zacks Research downgraded Amer Sports from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. KGI Securities set a $44.30 target price on Amer Sports and gave the stock an "outperform" rating in a research report on Wednesday, June 25th. The Goldman Sachs Group upped their target price on Amer Sports from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Finally, Wells Fargo & Company set a $35.00 target price on Amer Sports and gave the stock an "equal weight" rating in a research report on Wednesday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Amer Sports has a consensus rating of "Moderate Buy" and a consensus target price of $41.62.

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.