Temasek Holdings Private Ltd Makes New Investment in Amer Sports, Inc. $AS

Key Points

• Temasek Holdings invested $10.08 million in Amer Sports, acquiring 377,136 shares and owning approximately 0.07% of the company.
• Amer Sports reported a 23.4% year-over-year increase in revenue for the last quarter, with earnings per share surpassing analyst expectations.
• Institutional investors hold 40.25% of Amer Sports' stock, with various hedge funds significantly increasing their positions during the last quarter.

Temasek Holdings Private Ltd acquired a new position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 377,136 shares of the company's stock, valued at approximately $10,081,000. Temasek Holdings Private Ltd owned about 0.07% of Amer Sports at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AS. Quarry LP purchased a new stake in shares of Amer Sports during the 1st quarter worth $34,000. Colonial Trust Advisors purchased a new stake in shares of Amer Sports during the 1st quarter worth $93,000. Signaturefd LLC lifted its stake in shares of Amer Sports by 19.1% during the 1st quarter. Signaturefd LLC now owns 4,925 shares of the company's stock worth $132,000 after purchasing an additional 789 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in shares of Amer Sports during the 1st quarter worth $245,000. Finally, State of Wyoming purchased a new stake in shares of Amer Sports during the 1st quarter worth $279,000. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AS has been the topic of several recent analyst reports. Wall Street Zen raised Amer Sports from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. UBS Group upped their target price on Amer Sports from $50.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Bank of America upped their target price on Amer Sports from $42.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Piper Sandler initiated coverage on Amer Sports in a research report on Thursday, June 26th. They set an "overweight" rating and a $45.00 target price on the stock. Finally, Robert W. Baird upped their target price on Amer Sports from $44.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $41.62.

Amer Sports Stock Performance

Shares of AS stock traded down $0.69 during mid-day trading on Friday, reaching $36.27. The stock had a trading volume of 1,247,913 shares, compared to its average volume of 4,032,991. The business's fifty day moving average is $38.23 and its 200-day moving average is $32.96. The company has a current ratio of 1.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The firm has a market cap of $20.09 billion, a price-to-earnings ratio of 88.47, a PEG ratio of 1.23 and a beta of 3.30. Amer Sports, Inc. has a 1-year low of $14.16 and a 1-year high of $42.36.

Amer Sports (NYSE:AS - Get Free Report) last posted its earnings results on Tuesday, August 19th. The company reported $0.06 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 analyst estimates of $1.18 billion. Amer Sports had a return on equity of 6.87% and a net margin of 3.93%.Amer Sports's revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period last year, the company earned $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. On average, research analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current 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.