Junto Capital Management LP Sells 484,248 Shares of Amer Sports, Inc. $AS

Key Points

• Junto Capital Management LP reduced its holdings in Amer Sports, Inc. by 20.3% in Q1, now owning approximately 1.9 million shares valued at $50.91 million.
• Several large investors, including Bank of America and Citigroup, significantly increased their stakes in Amer Sports, contributing to a total of 40.25% institutional ownership in the company.
• A series of recent analyst ratings changes has resulted in a range of price targets for Amer Sports, with the average target being set at $41.62.

Junto Capital Management LP cut its holdings in Amer Sports, Inc. (NYSE:AS - Free Report) by 20.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,904,638 shares of the company's stock after selling 484,248 shares during the period. Junto Capital Management LP owned approximately 0.34% of Amer Sports worth $50,911,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Colonial Trust Advisors bought a new stake in Amer Sports in the 1st quarter valued at about $93,000. Signaturefd LLC lifted 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 purchasing an additional 789 shares during the last quarter. Keel Point LLC purchased a new position in Amer Sports in the fourth quarter valued at approximately $234,000. Vontobel Holding Ltd. bought a new stake in Amer Sports during the 1st quarter valued at $245,000. Finally, Sandia Investment Management LP bought a new position in shares of Amer Sports in the fourth quarter worth $280,000. 40.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Amer Sports from $45.00 to $46.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Morgan Stanley increased their price objective on Amer Sports from $28.00 to $33.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 21st. KGI Securities set a $44.30 price objective on Amer Sports and gave the company an "outperform" rating in a research report on Wednesday, June 25th. Wells Fargo & Company set a $35.00 price objective on Amer Sports and gave the company an "equal weight" rating in a research report on Wednesday, May 21st. Finally, Robert W. Baird increased their price objective on Amer Sports from $44.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $41.62.

Amer Sports Trading Down 1.4%

Shares of Amer Sports stock traded down $0.53 during trading on Thursday, reaching $37.42. 1,408,402 shares of the stock were exchanged, compared to its average volume of 4,056,934. The company has a quick ratio of 0.61, a current ratio of 1.60 and a debt-to-equity ratio of 0.24. The stock's fifty day moving average is $38.42 and its 200 day moving average is $32.67. The firm has a market cap of $20.72 billion, a price-to-earnings ratio of 91.28, a price-to-earnings-growth ratio of 1.32 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.

Amer Sports (NYSE:AS - Get Free Report) last posted its earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.04. The company 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%. Amer Sports's revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 earnings per share. 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, equities research analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal 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.