Amer Sports, Inc. $AS Shares Sold by Vident Advisory LLC

Key Points

• Vident Advisory LLC reduced its stake in Amer Sports, Inc. by 11.6%, selling 81,883 shares, and now holds a total of 625,954 shares valued at approximately $16.7 million.
• Several analysts have recently upgraded Amer Sports' stock ratings, with target prices set between $42.00 and $50.00, indicating a general consensus rating of Buy.
• Amer Sports reported $1.24 billion in revenue for the latest quarter, exceeding estimates and marking a 23.4% year-over-year increase, along with earnings per share at $0.06.

Vident Advisory LLC decreased its holdings in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 11.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 625,954 shares of the company's stock after selling 81,883 shares during the quarter. Vident Advisory LLC owned approximately 0.11% of Amer Sports worth $16,732,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Colonial Trust Advisors purchased a new stake in Amer Sports during the first quarter worth approximately $93,000. Signaturefd LLC lifted its stake in Amer Sports by 19.1% during the first 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. Keel Point LLC purchased a new stake in Amer Sports in the fourth quarter valued at approximately $234,000. Vontobel Holding Ltd. purchased a new stake in Amer Sports in the first quarter valued at approximately $245,000. Finally, State of Wyoming purchased a new stake in Amer Sports in the first quarter valued at approximately $279,000. Hedge funds and other institutional investors own 40.25% of the company's stock.

Amer Sports Price Performance

Amer Sports stock traded down $1.34 during trading hours on Tuesday, hitting $37.98. The stock had a trading volume of 4,259,692 shares, compared to its average volume of 4,082,668. 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 stock has a market capitalization of $21.04 billion, a price-to-earnings ratio of 92.64, a PEG ratio of 1.32 and a beta of 3.30. Amer Sports, Inc. has a 1-year low of $13.16 and a 1-year high of $42.36. The stock's fifty day moving average is $38.40 and its two-hundred day moving average is $32.59.

Amer Sports (NYSE:AS - Get Free Report) last posted its earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The company 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 was up 23.4% compared to the same quarter last year. During the same quarter in the prior 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. As a group, analysts predict that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AS shares. KGI Securities set a $44.30 price objective on Amer Sports and gave the company an "outperform" rating in a research note on Wednesday, June 25th. Zacks Research cut Amer Sports from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 28th. Bank of America boosted their price objective on Amer Sports from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Robert W. Baird boosted their price objective on Amer Sports from $44.00 to $45.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Finally, Piper Sandler started coverage on Amer Sports in a report on Thursday, June 26th. They issued an "overweight" rating and a $45.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $41.62.

Amer Sports Company 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.