Petrus Trust Company LTA Purchases New Stake 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 Amer Sports, Inc. (NYSE:AS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 13,490 shares of the company's stock, valued at approximately $361,000.

Several other large investors also recently made changes to their positions in AS. Quarry LP acquired a new stake in Amer Sports during the 1st quarter valued at $34,000. Colonial Trust Advisors bought a new position in Amer Sports during the first quarter worth $93,000. Signaturefd LLC boosted its position in Amer Sports by 19.1% during the first quarter. Signaturefd LLC now owns 4,925 shares of the company's stock worth $132,000 after purchasing an additional 789 shares during the period. Vontobel Holding Ltd. bought a new position in Amer Sports during the first quarter worth $245,000. Finally, Sandia Investment Management LP bought a new position in Amer Sports during the fourth quarter worth $280,000. Institutional investors and hedge funds own 40.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AS shares. Wall Street Zen raised shares of Amer Sports from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Hsbc Global Res raised shares of Amer Sports from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 27th. UBS Group lifted their price objective on shares of Amer Sports from $50.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. KGI Securities set a $44.30 price objective on shares of Amer Sports and gave the stock an "outperform" rating in a research report on Wednesday, June 25th. Finally, TD Securities lifted their price objective on shares of Amer Sports from $30.00 to $41.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Two investment 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 company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.62.

Amer Sports Stock Performance

Shares of Amer Sports stock traded down $0.58 during trading on Friday, reaching $36.38. The company's stock had a trading volume of 3,060,800 shares, compared to its average volume of 4,748,375. The business's 50-day moving average price is $38.18 and its 200-day moving average price is $33.03. The firm has a market cap of $20.15 billion, a PE ratio of 88.73, a P/E/G ratio of 1.24 and a beta of 3.30. Amer Sports, Inc. has a 52 week low of $14.16 and a 52 week high of $42.36. The company has a quick ratio of 0.61, a current ratio of 1.60 and a debt-to-equity ratio of 0.24.

Amer Sports (NYSE:AS - Get Free Report) last announced its 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 company had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.18 billion. Amer Sports had a net margin of 3.93% and a return on equity of 6.87%. Amer Sports's quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the business 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. Equities analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share 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.