Shellback Capital LP Has $23.26 Million Position in Amer Sports, Inc. $AS

Key Points

• Shellback Capital LP reduced its stake in Amer Sports, Inc. by 19.5%, now holding approximately 870,000 shares worth $23.26 million, making it their 12th largest holding.
• The stock of Amer Sports is currently down 3.3%, with a market capitalization of $20.25 billion and a one-year price range between $13.43 and $42.36.
• Research firms have revised price targets on Amer Sports, with Bank of America raising its target from $42.00 to $45.00 and a consensus rating of "Moderate Buy" among analysts.

Shellback Capital LP lowered its stake in Amer Sports, Inc. (NYSE:AS - Free Report) by 19.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 870,000 shares of the company's stock after selling 210,557 shares during the quarter. Amer Sports comprises about 2.3% of Shellback Capital LP's portfolio, making the stock its 12th biggest holding. Shellback Capital LP owned 0.16% of Amer Sports worth $23,255,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Quarry LP acquired a new stake in Amer Sports in the first quarter worth about $34,000. Colonial Trust Advisors acquired a new stake in Amer Sports in the 1st quarter valued at about $93,000. Signaturefd LLC lifted its holdings in Amer Sports by 19.1% in the 1st quarter. Signaturefd LLC now owns 4,925 shares of the company's stock valued at $132,000 after acquiring an additional 789 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in Amer Sports in the 1st quarter valued at about $245,000. Finally, Sandia Investment Management LP acquired a new stake in Amer Sports in the 4th quarter valued at about $280,000. Institutional investors and hedge funds own 40.25% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AS shares. Piper Sandler started coverage on shares of Amer Sports in a report on Thursday, June 26th. They issued an "overweight" rating and a $45.00 price target for the company. UBS Group upped their price target on shares of Amer Sports from $50.00 to $52.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. TD Securities upped their price target on shares of Amer Sports from $30.00 to $41.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. HSBC set a $50.00 price objective on Amer Sports and gave the stock a "buy" rating in a report on Tuesday, August 26th. Finally, Citigroup restated a "buy" rating and set a $42.00 price objective (up previously from $30.00) on shares of Amer Sports in a report on Wednesday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $41.62.

Amer Sports Stock Up 0.7%

Shares of AS traded up $0.26 during trading hours on Thursday, reaching $36.97. The company's stock had a trading volume of 2,359,228 shares, compared to its average volume of 4,040,567. The firm has a market cap of $20.47 billion, a price-to-earnings ratio of 90.17, a P/E/G ratio of 1.23 and a beta of 3.30. Amer Sports, Inc. has a 1-year low of $13.80 and a 1-year 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. The company has a 50 day moving average of $38.27 and a two-hundred day moving average of $32.90.

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