Strs Ohio Invests $981,000 in Amer Sports, Inc. $AS

Key Points

• Strs Ohio acquired a new position in Amer Sports, Inc., purchasing 36,698 shares valued at approximately $981,000 during the first quarter.
• Wall Street analysts are optimistic about Amer Sports, with Goldman Sachs and UBS Group recently raising their price targets to $45.00 and $52.00, respectively, both giving the stock a "buy" rating.
• Amer Sports reported a strong quarterly performance with revenue up 23.4% year-over-year, beating consensus estimates with a revenue of $1.24 billion.

Strs Ohio purchased a new stake in Amer Sports, Inc. (NYSE:AS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 36,698 shares of the company's stock, valued at approximately $981,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC increased its stake in Amer Sports by 14,640.1% in the first quarter. SG Americas Securities LLC now owns 1,418,001 shares of the company's stock valued at $37,903,000 after purchasing an additional 1,408,381 shares in the last quarter. Trivest Advisors Ltd increased its position in shares of Amer Sports by 47.9% in the 1st quarter. Trivest Advisors Ltd now owns 2,110,945 shares of the company's stock valued at $56,426,000 after buying an additional 683,445 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in Amer Sports during the 4th quarter worth $18,641,000. Trexquant Investment LP lifted its holdings in Amer Sports by 341.1% during the first quarter. Trexquant Investment LP now owns 799,989 shares of the company's stock worth $21,384,000 after acquiring an additional 618,632 shares in the last quarter. Finally, Woodline Partners LP bought a new position in Amer Sports during the fourth quarter worth about $14,135,000. Institutional investors own 40.25% of the company's stock.

Amer Sports Price Performance

Shares of NYSE AS traded down $2.09 during mid-day trading on Monday, reaching $35.36. The company had a trading volume of 13,721,094 shares, compared to its average volume of 3,651,630. Amer Sports, Inc. has a one year low of $14.69 and a one year high of $42.36. The business's 50-day simple moving average is $38.03 and its 200 day simple moving average is $33.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 1.60. The firm has a market cap of $19.58 billion, a price-to-earnings ratio of 86.24, a PEG ratio of 1.23 and a beta of 3.30.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. Amer Sports had a net margin of 3.93% and a return on equity of 6.87%. The business had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.18 billion. During the same period last year, the firm posted $0.05 earnings per share. The firm's quarterly revenue was up 23.4% compared to the same quarter last year. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. On average, research analysts predict that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Citigroup lifted their price objective on Amer Sports from $42.00 to $50.00 and gave the company a "buy" rating in a report on Friday. Wall Street Zen raised shares of Amer Sports from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Wells Fargo & Company upped their target price on shares of Amer Sports from $35.00 to $38.00 and gave the company an "equal weight" rating in a report on Monday. Hsbc Global Res upgraded Amer Sports from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 27th. Finally, Piper Sandler initiated coverage on Amer Sports in a research report on Thursday, June 26th. They issued an "overweight" rating and a $45.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Amer Sports presently has an average rating of "Buy" and a consensus price target of $43.49.

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.