Nuveen LLC Purchases New Position in Amer Sports, Inc. $AS

Key Points

• Nuveen LLC has acquired a new stake in Amer Sports, Inc., purchasing 343,026 shares valued at approximately $9.17 million, representing 0.06% of the company.
• Amer Sports reported a quarterly revenue of $1.24 billion, beating analysts' expectations and showing a 23.4% increase year-over-year.
• Analysts have varied opinions on Amer Sports, with Robert W. Baird raising its price target to $45.00 while other firms like Wall Street Zen downgraded their ratings.

Nuveen LLC purchased a new stake in shares of Amer Sports, Inc. (NYSE:AS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 343,026 shares of the company's stock, valued at approximately $9,169,000. Nuveen LLC owned approximately 0.06% of Amer Sports at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AS. Signaturefd LLC raised its holdings in shares of Amer Sports by 19.1% during the 1st quarter. Signaturefd LLC now owns 4,925 shares of the company's stock valued at $132,000 after purchasing an additional 789 shares in the last quarter. Keel Point LLC bought a new position in shares of Amer Sports during the 4th quarter valued at $234,000. Vontobel Holding Ltd. bought a new position in shares of Amer Sports during the 1st quarter valued at $245,000. Sandia Investment Management LP bought a new position in Amer Sports in the 4th quarter worth $280,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Amer Sports by 22.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,386 shares of the company's stock worth $331,000 after acquiring an additional 2,275 shares during the period. Institutional investors own 40.25% of the company's stock.

Amer Sports Stock Performance

NYSE AS traded down $1.33 during midday trading on Friday, hitting $39.58. The company had a trading volume of 488,665 shares, compared to its average volume of 4,060,181. 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 has a market cap of $21.92 billion, a price-to-earnings ratio of 96.37, a P/E/G ratio of 1.37 and a beta of 3.31. The firm has a fifty day simple moving average of $38.30 and a two-hundred day simple moving average of $32.44. Amer Sports, Inc. has a fifty-two week low of $13.16 and a fifty-two week high of $42.36.

Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. The company had revenue of $1.24 billion for 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%. The business's quarterly revenue was up 23.4% on a year-over-year basis. During the same period last year, the business posted $0.05 EPS. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. Equities analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AS. HSBC set a $50.00 target price on shares of Amer Sports and gave the stock a "buy" rating in a report on Tuesday. Citigroup reiterated a "buy" rating and issued a $42.00 target price (up previously from $30.00) on shares of Amer Sports in a report on Wednesday, May 21st. Piper Sandler began coverage on shares of Amer Sports in a report on Thursday, June 26th. They issued an "overweight" rating and a $45.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on shares of Amer Sports from $45.00 to $46.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Finally, TD Securities lifted their target price on shares of Amer Sports from $30.00 to $41.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Amer Sports has an average rating of "Buy" and an average target price of $41.62.

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.