Public Employees Retirement System of Ohio Takes Position in Amer Sports, Inc. $AS

Key Points

• Public Employees Retirement System of Ohio acquired 52,614 Amer Sports shares worth approximately $1.78 million, adding to broader institutional interest; institutions and hedge funds now own 40.25% of the company.
• Analysts maintain a positive outlook, with a consensus “Moderate Buy” rating and an average price target of $49.14, despite Truist lowering its target to $42.
• Amer Sports exceeded quarterly expectations, reporting $0.22 in EPS versus $0.11 expected and $1.63 billion in revenue, up 32.1% year over year. Shares opened at $29.59, near the lower end of their 12-month range.

Public Employees Retirement System of Ohio acquired a new position in Amer Sports, Inc. (NYSE:AS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 52,614 shares of the company's stock, valued at approximately $1,780,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wakefield Asset Management LLLP acquired a new stake in Amer Sports in the fourth quarter worth about $3,927,000. Ogborne Capital Management LLC acquired a new position in shares of Amer Sports during the fourth quarter valued at about $22,257,000. Norges Bank purchased a new position in shares of Amer Sports in the 4th quarter valued at approximately $70,055,000. Legal & General Group Plc raised its position in shares of Amer Sports by 670.1% in the 4th quarter. Legal & General Group Plc now owns 118,455 shares of the company's stock valued at $4,424,000 after purchasing an additional 103,074 shares during the last quarter. Finally, Pinnbrook Capital Management LP acquired a new stake in Amer Sports in the 4th quarter worth approximately $1,549,000. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on AS. Robert W. Baird set a $51.00 target price on shares of Amer Sports in a research report on Wednesday, May 20th. Barclays raised their price target on shares of Amer Sports from $49.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, August 19th. UBS Group reissued a "buy" rating on shares of Amer Sports in a report on Wednesday, August 19th. Truist Financial cut their target price on Amer Sports from $50.00 to $42.00 and set a "buy" rating on the stock in a research report on Wednesday, August 19th. Finally, Piper Sandler reissued an "overweight" rating on shares of Amer Sports in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.14.

Amer Sports Price Performance

Shares of NYSE:AS opened at $29.59 on Monday. Amer Sports, Inc. has a twelve month low of $28.09 and a twelve month high of $42.76. The company has a current ratio of 1.76, a quick ratio of 0.80 and a debt-to-equity ratio of 0.11. The company has a market cap of $16.39 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 0.95 and a beta of 1.99. The company's 50 day moving average is $33.80 and its 200 day moving average is $34.70.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 18th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.11 by $0.11. The business had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.54 billion. Amer Sports had a net margin of 7.35% and a return on equity of 11.18%. The business's quarterly revenue was up 32.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.03 EPS. Amer Sports has set its FY 2026 guidance at 1.270-1.300 EPS and its Q3 2026 guidance at 0.310-0.330 EPS. On average, sell-side analysts forecast that Amer Sports, Inc. will post 1.29 EPS for the current year.

Insider Activity

In related news, CFO Andrew Page sold 2,022 shares of the business's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $28.63, for a total transaction of $57,889.86. Following the completion of the transaction, the chief financial officer directly owned 6,575 shares in the company, valued at $188,242.25. The trade was a 23.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

About Amer Sports

Amer Sports NYSE: AS is a Helsinki-based sporting goods group that designs, develops and markets performance-oriented equipment, apparel and footwear across multiple sports. The company focuses on product innovation, brand-driven marketing and global distribution to serve athletes and outdoor enthusiasts, offering goods for activities such as skiing, running, hiking, tennis, golf and diving.

Amer Sports' portfolio comprises well-known sports and outdoor brands, including Salomon (outdoor footwear and winter sports), Atomic (alpine skis and ski equipment), Arc'teryx (technical outerwear and climbing gear), Wilson (racquet and ball sports equipment) and Suunto (precision instruments and sports watches).

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