Mitchell Capital Management Co. Buys Shares of 59,389 Amer Sports, Inc. $AS

Key Points

• Mitchell Capital Management Co. acquired 59,389 shares of Amer Sports, valued at approximately $2.285 million, during the second quarter, reflecting institutional interest in the stock.
• Amer Sports reported a 23.4% increase in quarterly revenue year-over-year, with earnings per share (EPS) of $0.06, surpassing analysts' expectations.
• The stock's average analyst rating is a "Moderate Buy," with a consensus target price of $43.49, indicating positive market sentiment towards its growth potential.

Mitchell Capital Management Co. bought a new stake in Amer Sports, Inc. (NYSE:AS - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 59,389 shares of the company's stock, valued at approximately $2,285,000.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC acquired a new position in Amer Sports in the 2nd quarter valued at about $397,000. Maryland State Retirement & Pension System acquired a new position in Amer Sports in the 2nd quarter valued at about $281,000. GGM Financials LLC acquired a new position in shares of Amer Sports during the second quarter worth about $14,550,000. Capricorn Fund Managers Ltd grew its position in shares of Amer Sports by 22.4% during the second quarter. Capricorn Fund Managers Ltd now owns 134,602 shares of the company's stock worth $5,217,000 after buying an additional 24,602 shares in the last quarter. Finally, 111 Capital acquired a new position in shares of Amer Sports during the second quarter worth about $273,000. 40.25% of the stock is owned by institutional investors and hedge funds.

Amer Sports Stock Performance

Shares of AS opened at $30.90 on Monday. The stock has a 50 day moving average price of $36.90 and a 200 day moving average price of $34.00. 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 company has a market capitalization of $17.11 billion, a price-to-earnings ratio of 75.36, a price-to-earnings-growth ratio of 0.99 and a beta of 3.04. Amer Sports, Inc. has a 52-week low of $17.32 and a 52-week high of $42.36.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.18 billion. Amer Sports had a return on equity of 6.87% and a net margin of 3.93%.The firm's quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the company 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. Research analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on AS shares. KGI Securities set a $44.30 price objective on Amer Sports and gave the stock an "outperform" rating in a research report on Wednesday, June 25th. Hsbc Global Res raised Amer Sports from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 27th. HSBC set a $50.00 price objective on Amer Sports and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Zacks Research downgraded Amer Sports from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Finally, The Goldman Sachs Group boosted their price objective on Amer Sports from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $43.49.

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.

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