Tairen Capital Ltd purchased a new stake in shares of Amer Sports, Inc. (NYSE:AS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 117,000 shares of the company's stock, valued at approximately $3,271,000.
Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new position in shares of Amer Sports during the 3rd quarter valued at $25,000. Artemis Investment Management LLP boosted its position in shares of Amer Sports by 35.1% during the 4th quarter. Artemis Investment Management LLP now owns 24,817 shares of the company's stock worth $694,000 after purchasing an additional 6,444 shares in the last quarter. Capricorn Fund Managers Ltd acquired a new stake in shares of Amer Sports in the 4th quarter valued at about $3,834,000. Dakota Wealth Management bought a new stake in Amer Sports in the 4th quarter valued at about $1,083,000. Finally, West Branch Capital LLC raised its stake in Amer Sports by 14,285.7% during the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock worth $28,000 after buying an additional 1,000 shares during the period. 40.25% of the stock is currently owned by institutional investors and hedge funds.
Amer Sports Stock Performance
NYSE AS traded up $0.51 during trading hours on Thursday, reaching $37.51. 6,653,127 shares of the company were exchanged, compared to its average volume of 2,771,962. Amer Sports, Inc. has a 1 year low of $10.11 and a 1 year high of $38.42. The business's 50 day simple moving average is $26.26 and its 200-day simple moving average is $27.08. The stock has a market capitalization of $20.77 billion, a P/E ratio of -267.91, a P/E/G ratio of 0.72 and a beta of 2.76. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58.
Amer Sports (NYSE:AS - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.12. The business 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 business's revenue for the quarter was up 24.5% on a year-over-year basis. During the same period last year, the business posted $0.08 earnings per share. On average, equities research analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current year.
Analyst Ratings Changes
Several research firms have recently commented on AS. The Goldman Sachs Group boosted their price objective on Amer Sports from $28.00 to $44.00 and gave the company a "buy" rating in a report on Wednesday. Citigroup raised their price objective on shares of Amer Sports from $30.00 to $42.00 and gave the company a "buy" rating in a research note on Wednesday. Sanford C. Bernstein initiated coverage on shares of Amer Sports in a research report on Thursday, February 13th. They set an "outperform" rating and a $38.00 target price for the company. Wells Fargo & Company boosted their price objective on Amer Sports from $25.00 to $35.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, TD Securities raised their price objective on Amer Sports from $30.00 to $41.00 and gave the company a "buy" rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $36.67.
Read Our Latest Analysis on Amer Sports
Amer Sports Company 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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