Lecap Asset Management Ltd. bought a new position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 97,032 shares of the company's stock, valued at approximately $2,594,000.
Several other hedge funds and other institutional investors have also modified their holdings of AS. Sterling Capital Management LLC boosted its holdings in shares of Amer Sports by 55.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock worth $97,000 after buying an additional 1,250 shares during the period. Signaturefd LLC raised its stake in Amer Sports by 35.0% in 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 acquired a new stake in Amer Sports in the 4th quarter worth about $190,000. Keel Point LLC acquired a new stake in Amer Sports in the 4th quarter worth about $234,000. Finally, Magnetar Financial LLC acquired a new stake in Amer Sports in the 4th quarter worth about $275,000. Institutional investors own 40.25% of the company's stock.
Amer Sports Price Performance
AS stock traded up $1.54 during trading on Friday, reaching $39.39. 10,436,182 shares of the company were exchanged, compared to its average volume of 3,127,438. The company has a 50-day moving average of $32.72 and a two-hundred day moving average of $29.80. The company has a market capitalization of $21.81 billion, a price-to-earnings ratio of 106.45, a P/E/G ratio of 1.41 and a beta of 3.64. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $39.66. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 0.80.
Amer Sports (NYSE:AS - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.12. The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.38 billion. Amer Sports had a net margin of 3.70% and a return on equity of 7.21%. The firm's quarterly revenue was up 24.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 EPS. As a group, equities analysts predict that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have weighed in on AS. Wells Fargo & Company set a $35.00 price objective on shares of Amer Sports and gave the stock an "equal weight" rating in a research note on Wednesday, May 21st. 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. UBS Group reiterated a "buy" rating and issued a $50.00 price objective (up previously from $37.00) on shares of Amer Sports in a research note on Wednesday, May 21st. Morgan Stanley lifted their price objective on shares of Amer Sports from $28.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 21st. Finally, KGI Securities set a $44.30 price objective on shares of Amer Sports and gave the stock an "outperform" rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $37.81.
Check Out Our Latest Stock Report on Amer Sports
About Amer Sports
(
Free Report)
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.
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