Temasek Holdings Private Ltd acquired a new position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Tiger Pacific Capital LP purchased a new position in shares of Amer Sports during the first quarter worth about $8,316,000. Samlyn Capital LLC grew its holdings in shares of Amer Sports by 10.8% during the first quarter. Samlyn Capital LLC now owns 1,634,448 shares of the company's stock worth $43,689,000 after buying an additional 159,848 shares during the last quarter. Petrus Trust Company LTA purchased a new position in shares of Amer Sports during the first quarter worth about $361,000. KADENSA CAPITAL Ltd grew its holdings in shares of Amer Sports by 35.2% during the first quarter. KADENSA CAPITAL Ltd now owns 577,988 shares of the company's stock worth $15,450,000 after buying an additional 150,560 shares during the last quarter. Finally, Gotham Asset Management LLC grew its holdings in shares of Amer Sports by 8.0% during the first quarter. Gotham Asset Management LLC now owns 735,492 shares of the company's stock worth $19,660,000 after buying an additional 54,202 shares during the last quarter. Hedge funds and other institutional investors own 40.25% of the company's stock.
Amer Sports Price Performance
Shares of AS stock traded down $0.08 during midday trading on Wednesday, reaching $36.63. 2,620,630 shares of the company traded hands, compared to its average volume of 4,052,795. The firm's 50 day simple moving average is $38.27 and its two-hundred day simple moving average is $32.90. Amer Sports, Inc. has a 1-year low of $13.43 and a 1-year 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. The firm has a market cap of $20.29 billion, a PE ratio of 89.34, a price-to-earnings-growth ratio of 1.23 and a beta of 3.30.
Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the firm earned $0.05 EPS. The company's revenue for the quarter was up 23.4% on a year-over-year basis. 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, equities research analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
AS has been the subject of a number of recent analyst reports. Bank of America raised their price objective on shares of Amer Sports from $42.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Wells Fargo & Company set a $35.00 price objective on shares of Amer Sports and gave the company an "equal weight" rating in a research report on Wednesday, May 21st. TD Securities raised their price objective on shares of Amer Sports from $30.00 to $41.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Zacks Research downgraded shares of Amer Sports from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Amer Sports from $45.00 to $46.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $41.62.
View Our Latest Research Report on AS
About Amer Sports
(
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.
Further Reading
Before you consider Amer Sports, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amer Sports wasn't on the list.
While Amer Sports currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
