Sigma Planning Corp purchased a new stake in Amer Sports, Inc. (NYSE:AS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 20,000 shares of the company's stock, valued at approximately $535,000.
Several other hedge funds and other institutional investors also recently modified their holdings of AS. FMR LLC increased its holdings in Amer Sports by 250.7% during the 4th quarter. FMR LLC now owns 26,414,511 shares of the company's stock worth $738,550,000 after acquiring an additional 18,881,504 shares during the period. Brilliance Asset Management Ltd. grew its stake in Amer Sports by 5.1% in the 4th quarter. Brilliance Asset Management Ltd. now owns 4,073,061 shares of the company's stock worth $113,883,000 after buying an additional 196,380 shares in the last quarter. Candlestick Capital Management LP grew its stake in Amer Sports by 1.7% in the 4th quarter. Candlestick Capital Management LP now owns 3,864,510 shares of the company's stock worth $108,052,000 after buying an additional 63,078 shares in the last quarter. Marshall Wace LLP grew its stake in Amer Sports by 262.5% in the 4th quarter. Marshall Wace LLP now owns 3,316,167 shares of the company's stock worth $92,720,000 after buying an additional 2,401,302 shares in the last quarter. Finally, Junto Capital Management LP purchased a new position in Amer Sports in the 4th quarter worth approximately $66,793,000. Institutional investors own 40.25% of the company's stock.
Amer Sports Stock Down 1.6%
NYSE AS traded down $0.64 during trading hours on Friday, reaching $38.51. 2,565,547 shares of the company's stock traded hands, compared to its average volume of 3,214,651. Amer Sports, Inc. has a 52-week low of $10.11 and a 52-week high of $40.21. The firm has a market cap of $21.33 billion, a PE ratio of 104.08, a PEG ratio of 1.57 and a beta of 3.36. The firm has a 50-day simple moving average of $36.88 and a 200 day simple moving average of $30.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 0.80.
Amer Sports (NYSE:AS - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.12. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.38 billion. Amer Sports had a net margin of 3.70% and a return on equity of 7.21%. Amer Sports's revenue was up 24.5% compared to the same quarter last year. During the same period last year, the business earned $0.08 EPS. Sell-side analysts anticipate that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research firms have commented on AS. UBS Group reissued a "buy" rating and issued a $50.00 price target (up previously from $37.00) on shares of Amer Sports in a research note on Wednesday, May 21st. Citigroup reaffirmed a "buy" rating and issued a $42.00 price objective (up previously from $30.00) on shares of Amer Sports in a research note on Wednesday, May 21st. Morgan Stanley upped their price objective on shares of Amer Sports from $28.00 to $33.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 21st. Wall Street Zen raised shares of Amer Sports from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, TD Securities upped their price objective on shares of Amer Sports from $30.00 to $41.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.81.
Get Our Latest Analysis on Amer Sports
Amer Sports Profile
(
Free Report)
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.
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