State of Wyoming Makes New $279,000 Investment in Amer Sports, Inc. $AS

Key Points

• The State of Wyoming has acquired a new position in Amer Sports, Inc., purchasing 10,431 shares valued at approximately $279,000.
• Recent analysts' reports show a mixed outlook, with Piper Sandler rating the stock as "overweight" with a target of $45.00, while Zacks Research downgraded it to "hold."
• Amer Sports reported earnings of $0.06 per share, exceeding estimates, with a revenue of $1.24 billion, marking a 23.4% increase year-over-year.

State of Wyoming bought a new position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,431 shares of the company's stock, valued at approximately $279,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Scotia Capital Inc. grew its position in Amer Sports by 1.0% in the 1st quarter. Scotia Capital Inc. now owns 50,841 shares of the company's stock worth $1,359,000 after purchasing an additional 488 shares in the last quarter. Signaturefd LLC grew its position in Amer Sports by 19.1% in the 1st quarter. Signaturefd LLC now owns 4,925 shares of the company's stock worth $132,000 after purchasing an additional 789 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Amer Sports by 22.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,386 shares of the company's stock worth $331,000 after purchasing an additional 2,275 shares in the last quarter. Pinnacle Associates Ltd. grew its position in Amer Sports by 5.3% in the 1st quarter. Pinnacle Associates Ltd. now owns 55,895 shares of the company's stock worth $1,494,000 after purchasing an additional 2,825 shares in the last quarter. Finally, Colonial Trust Advisors bought a new stake in Amer Sports in the 1st quarter worth about $93,000. 40.25% of the stock is owned by institutional investors.

Amer Sports Stock Performance

Shares of NYSE:AS traded down $1.24 during trading on Friday, hitting $36.56. 5,035,967 shares of the company were exchanged, compared to its average volume of 4,883,739. The company has a market cap of $20.25 billion, a PE ratio of 89.16, a P/E/G ratio of 1.22 and a beta of 3.30. The stock has a 50 day moving average of $38.36 and a 200 day moving average of $32.77. Amer Sports, Inc. has a 52-week low of $13.43 and a 52-week high of $42.36. 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 (NYSE:AS - Get Free Report) last posted its earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 6.87% and a net margin of 3.93%.The business's quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior 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. As a group, equities research analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. 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. Wall Street Zen upgraded shares of Amer Sports from a "hold" rating to a "buy" rating in a research note on Friday. KGI Securities set a $44.30 target price on shares of Amer Sports and gave the company an "outperform" rating in a research note on Wednesday, June 25th. Wells Fargo & Company set a $35.00 target price on shares of Amer Sports and gave the company an "equal weight" rating in a research note on Wednesday, May 21st. Finally, TD Securities boosted their target price 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. 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $41.62.

Amer Sports Company 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.