Invesco Ltd. Raises Holdings in Amer Sports, Inc. $AS

Key Points

• Invesco Ltd. increased its stake in Amer Sports, Inc. by 39.3% during the first quarter, bringing its total share ownership to 60,177 shares valued at approximately $1.6 million.
• Amer Sports reported a 23.4% year-over-year revenue increase to $1.24 billion for the last quarter, surpassing analysts' expectations for earnings per share (EPS).
• Analysts have set a consensus target price of $41.62 for Amer Sports, with a mix of ratings including two Strong Buy, thirteen Buy, and three Hold evaluations.

Invesco Ltd. raised its position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 39.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,177 shares of the company's stock after acquiring an additional 16,981 shares during the period. Invesco Ltd.'s holdings in Amer Sports were worth $1,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Keystone Investors PTE Ltd. purchased a new stake in shares of Amer Sports during the 1st quarter worth approximately $3,611,000. Citigroup Inc. raised its holdings in shares of Amer Sports by 1,402.2% during the 1st quarter. Citigroup Inc. now owns 441,628 shares of the company's stock worth $11,805,000 after acquiring an additional 412,229 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Amer Sports by 25.9% during the 1st quarter. Deutsche Bank AG now owns 1,160,491 shares of the company's stock worth $31,020,000 after acquiring an additional 238,937 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Amer Sports by 22.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,386 shares of the company's stock worth $331,000 after acquiring an additional 2,275 shares in the last quarter. Finally, West Michigan Advisors LLC purchased a new stake in shares of Amer Sports during the 1st quarter worth approximately $451,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

Amer Sports Price Performance

AS traded down $0.47 during trading on Thursday, hitting $37.47. The company's stock had a trading volume of 1,584,406 shares, compared to its average volume of 4,058,139. 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, Inc. has a twelve month low of $13.43 and a twelve month high of $42.36. The business's fifty day simple moving average is $38.42 and its 200 day simple moving average is $32.67. The firm has a market capitalization of $20.75 billion, a price-to-earnings ratio of 91.39, a P/E/G ratio of 1.32 and a beta of 3.30.

Amer Sports (NYSE:AS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 19th. The company reported $0.06 EPS for the quarter, beating 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 company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company earned $0.05 earnings per share. Amer Sports'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. On average, equities research analysts forecast that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AS has been the topic of several recent research reports. UBS Group upped their price objective on Amer Sports from $50.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Piper Sandler assumed coverage on Amer Sports in a report on Thursday, June 26th. They set an "overweight" rating and a $45.00 price target on the stock. TD Securities increased their price target on Amer Sports from $30.00 to $41.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. KGI Securities set a $44.30 price target on Amer Sports and gave the company an "outperform" rating in a report on Wednesday, June 25th. Finally, The Goldman Sachs Group increased 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 equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Amer Sports has an average rating of "Moderate Buy" and an average price target of $41.62.

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.