Nisa Investment Advisors LLC Purchases Shares of 41,829 Amer Sports, Inc. (NYSE:AS)

Nisa Investment Advisors LLC purchased a new stake in Amer Sports, Inc. (NYSE:AS - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 41,829 shares of the company's stock, valued at approximately $1,118,000.

Several other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in shares of Amer Sports by 46.4% during the 1st quarter. Bank of New York Mellon Corp now owns 227,375 shares of the company's stock valued at $6,078,000 after buying an additional 72,012 shares during the period. Mainstream Capital Management LLC grew its stake in shares of Amer Sports by 148.6% during the 1st quarter. Mainstream Capital Management LLC now owns 16,850 shares of the company's stock valued at $450,000 after buying an additional 10,072 shares during the period. Vontobel Holding Ltd. purchased a new stake in shares of Amer Sports during the 1st quarter valued at $245,000. Illinois Municipal Retirement Fund purchased a new stake in shares of Amer Sports during the 1st quarter valued at $649,000. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of Amer Sports during the 1st quarter valued at $2,594,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on AS. TD Securities boosted their price objective on shares of Amer Sports from $30.00 to $41.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Wall Street Zen raised shares of Amer Sports from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Piper Sandler assumed coverage on shares of Amer Sports in a research report on Thursday, June 26th. They set an "overweight" rating and a $45.00 price target for the company. KGI Securities set a $44.30 price target on shares of Amer Sports and gave the stock an "outperform" rating in a research report on Wednesday, June 25th. Finally, Wells Fargo & Company set a $35.00 price target on shares of Amer Sports and gave the stock an "equal weight" rating in a research report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amer Sports presently has an average rating of "Moderate Buy" and an average target price of $37.81.

Amer Sports Stock Performance

NYSE:AS opened at $39.01 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 0.80. The firm has a 50-day moving average of $35.89 and a two-hundred day moving average of $30.63. The stock has a market cap of $21.60 billion, a P/E ratio of 105.42, a PEG ratio of 1.56 and a beta of 3.36. Amer Sports, Inc. has a 1-year low of $10.11 and a 1-year high of $40.21.

Amer Sports (NYSE:AS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.15 by $0.12. Amer Sports had a net margin of 3.70% and a return on equity of 7.21%. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter last year, the company posted $0.08 earnings per share. The company's quarterly revenue was up 24.5% compared to the same quarter last year. On average, research analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

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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