Tabor Asset Management LP Invests $5.02 Million in Amer Sports, Inc. (NYSE:AS)

Tabor Asset Management LP acquired a new stake in Amer Sports, Inc. (NYSE:AS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 179,556 shares of the company's stock, valued at approximately $5,020,000. Amer Sports accounts for about 2.4% of Tabor Asset Management LP's holdings, making the stock its 19th biggest position.

Several other institutional investors have also modified their holdings of AS. JPMorgan Chase & Co. acquired a new stake in shares of Amer Sports during the third quarter worth $25,000. West Branch Capital LLC raised its position in shares of Amer Sports by 14,285.7% during the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock worth $28,000 after purchasing an additional 1,000 shares during the period. Sterling Capital Management LLC raised its position in shares of Amer Sports by 55.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock worth $97,000 after purchasing an additional 1,250 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Amer Sports during the fourth quarter worth $104,000. Finally, Signaturefd LLC raised its position in shares of Amer Sports by 35.0% during the fourth quarter. Signaturefd LLC now owns 4,136 shares of the company's stock worth $116,000 after purchasing an additional 1,073 shares during the period. Institutional investors and hedge funds own 40.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AS. Morgan Stanley boosted their target price on Amer Sports from $28.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Wednesday. UBS Group reaffirmed a "buy" rating and set a $50.00 target price (up from $37.00) on shares of Amer Sports in a research report on Wednesday. TD Securities upped their price target on Amer Sports from $30.00 to $41.00 and gave the company a "buy" rating in a research report on Wednesday. Sanford C. Bernstein assumed coverage on Amer Sports in a research report on Thursday, February 13th. They set an "outperform" rating and a $38.00 price target on the stock. Finally, The Goldman Sachs Group upped their price target on Amer Sports from $28.00 to $44.00 and gave the company a "buy" rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.67.

Amer Sports Stock Down 1.0%

AS stock traded down $0.38 during mid-day trading on Friday, hitting $37.12. The stock had a trading volume of 2,969,817 shares, compared to its average volume of 2,783,579. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. Amer Sports, Inc. has a 1-year low of $10.11 and a 1-year high of $38.42. The company has a fifty day moving average of $26.62 and a 200 day moving average of $27.34. The stock has a market capitalization of $20.56 billion, a price-to-earnings ratio of -265.09, a PEG ratio of 0.72 and a beta of 2.76.

Amer Sports (NYSE:AS - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.12. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.38 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The firm's revenue was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 EPS. On average, equities analysts expect 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.