Petrus Trust Company LTA Invests $361,000 in Amer Sports, Inc. $AS

Key Points

• Petrus Trust Company LTA has acquired a new position in Amer Sports, Inc. valued at approximately $361,000, buying 13,490 shares during the first quarter.
• Institutional investors control 40.25% of Amer Sports' stock, with significant increases in holdings from firms like Junto Capital Management and Trivest Advisors.
• Amer Sports reported a 23.4% increase in quarterly revenue year-over-year and exceeded EPS estimates, setting a FY 2025 guidance between $0.770 and $0.820.

Petrus Trust Company LTA acquired 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 disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,490 shares of the company's stock, valued at approximately $361,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Junto Capital Management LP purchased a new stake in Amer Sports in the fourth quarter valued at about $66,793,000. Trivest Advisors Ltd raised its stake in Amer Sports by 47.9% in the first quarter. Trivest Advisors Ltd now owns 2,110,945 shares of the company's stock valued at $56,426,000 after buying an additional 683,445 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Amer Sports by 14,640.1% in the first quarter. SG Americas Securities LLC now owns 1,418,001 shares of the company's stock worth $37,903,000 after purchasing an additional 1,408,381 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Amer Sports by 25.9% in the first quarter. Deutsche Bank AG now owns 1,160,491 shares of the company's stock worth $31,020,000 after purchasing an additional 238,937 shares during the last quarter. Finally, Shellback Capital LP raised its stake in shares of Amer Sports by 27.1% in the fourth quarter. Shellback Capital LP now owns 1,080,557 shares of the company's stock worth $30,212,000 after purchasing an additional 230,557 shares during the last quarter. Institutional investors own 40.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AS. Morgan Stanley raised their price objective on Amer Sports from $28.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 21st. Hsbc Global Res upgraded Amer Sports from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 27th. Piper Sandler started coverage on Amer Sports in a research report on Thursday, June 26th. They set an "overweight" rating and a $45.00 price target for the company. HSBC set a $50.00 price target on Amer Sports and gave the company a "buy" rating in a research report on Tuesday, August 26th. Finally, Citigroup reiterated a "buy" rating and set a $42.00 price target (up from $30.00) on shares of Amer Sports in a research report on Wednesday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Amer Sports currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.62.

Amer Sports Trading Down 1.9%

Shares of NYSE AS traded down $0.69 during trading on Friday, hitting $36.27. 1,620,558 shares of the company were exchanged, compared to its average volume of 4,034,664. Amer Sports, Inc. has a 12-month low of $14.16 and a 12-month high of $42.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 1.60. The company has a fifty day moving average price of $38.23 and a 200-day moving average price of $32.96. The firm has a market capitalization of $20.09 billion, a PE ratio of 88.47, a P/E/G ratio of 1.23 and a beta of 3.30.

Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. Amer Sports had a return on equity of 6.87% and a net margin of 3.93%.The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the firm earned $0.05 EPS. The company's quarterly revenue was up 23.4% compared to the same quarter last year. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. As a group, equities research analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current 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.