Amer Sports, Inc. $AS Stake Boosted by Samlyn Capital LLC

Key Points

• Samlyn Capital LLC increased its stake in Amer Sports, Inc. by 10.8% during Q1, holding 1,634,448 shares valued at approximately $43.69 million.
• Amer Sports reported earnings of $0.06 per share for the quarter, exceeding analysts' estimates of $0.02, with a revenue of $1.24 billion, up 23.4% year-over-year.
• Several analysts revised their ratings and price targets for Amer Sports, with HSBC Global Research upgrading it to a strong-buy and JPMorgan Chase raising the target price to $46.00.

Samlyn Capital LLC lifted its position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 10.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,634,448 shares of the company's stock after buying an additional 159,848 shares during the period. Samlyn Capital LLC owned approximately 0.30% of Amer Sports worth $43,689,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AS. Quarry LP acquired a new stake in Amer Sports during the first quarter worth about $34,000. Colonial Trust Advisors purchased a new position in Amer Sports in the first quarter valued at approximately $93,000. Signaturefd LLC lifted its position in Amer Sports by 19.1% during the first quarter. Signaturefd LLC now owns 4,925 shares of the company's stock valued at $132,000 after buying an additional 789 shares in the last quarter. Vontobel Holding Ltd. purchased a new stake in Amer Sports during the first quarter worth approximately $245,000. Finally, State of Wyoming acquired a new stake in shares of Amer Sports in the first quarter worth $279,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD Securities upped their price target 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. Wells Fargo & Company set a $35.00 target price on Amer Sports and gave the stock an "equal weight" rating in a research report on Wednesday, May 21st. Morgan Stanley raised their target price on Amer Sports from $28.00 to $33.00 and gave the company an "equal weight" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. boosted their price target on Amer Sports from $45.00 to $46.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $41.62.

Amer Sports Stock Up 0.7%

Shares of NYSE:AS traded up $0.25 during midday trading on Thursday, reaching $36.96. The company had a trading volume of 3,443,731 shares, compared to its average volume of 4,048,967. The stock has a market capitalization of $20.47 billion, a P/E ratio of 90.15, a PEG ratio of 1.23 and a beta of 3.30. The stock's fifty day moving average price is $38.27 and its 200-day moving average price is $32.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.60 and a quick ratio of 0.61. Amer Sports, Inc. has a one year low of $13.80 and a one year high of $42.36.

Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.18 billion. Amer Sports had a net margin of 3.93% and a return on equity of 6.87%. The firm's revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the firm 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 research analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal 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.