Amer Sports, Inc. (NYSE:AS) Shares Purchased by Northern Trust Corp

Northern Trust Corp increased its holdings in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 15.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,074 shares of the company's stock after acquiring an additional 14,669 shares during the period. Northern Trust Corp's holdings in Amer Sports were worth $3,106,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new position in shares of Amer Sports in the third quarter worth $25,000. Sterling Capital Management LLC grew its holdings in Amer Sports by 55.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock valued at $97,000 after purchasing an additional 1,250 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Amer Sports during the 4th quarter worth approximately $104,000. Signaturefd LLC boosted its stake in shares of Amer Sports by 35.0% during the fourth quarter. Signaturefd LLC now owns 4,136 shares of the company's stock valued at $116,000 after purchasing an additional 1,073 shares during the period. Finally, Mainstream Capital Management LLC purchased a new position in shares of Amer Sports during the fourth quarter worth approximately $190,000. Hedge funds and other institutional investors own 40.25% of the company's stock.

Amer Sports Stock Performance

Shares of AS traded down $0.94 during mid-day trading on Thursday, reaching $36.80. The company's stock had a trading volume of 12,714,663 shares, compared to its average volume of 2,846,747. The stock has a market cap of $20.38 billion, a P/E ratio of -262.80, a PEG ratio of 0.72 and a beta of 2.76. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. The business has a 50-day simple moving average of $27.29 and a two-hundred day simple moving average of $27.84. Amer Sports, Inc. has a 1-year low of $10.11 and a 1-year high of $38.51.

Amer Sports (NYSE:AS - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.12. The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.38 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The business's revenue for the quarter was up 24.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.08 earnings per share. As a group, equities research analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AS has been the subject of several recent research reports. The Goldman Sachs Group boosted their price target on Amer Sports from $28.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. TD Securities upped their price target on Amer Sports from $30.00 to $41.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Citigroup reiterated a "buy" rating and set a $42.00 price objective (up from $30.00) on shares of Amer Sports in a research note on Wednesday, May 21st. JPMorgan Chase & Co. increased their price target on Amer Sports from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Finally, Wall Street Zen raised shares of Amer Sports from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.67.

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.