Vontobel Holding Ltd. Makes New $245,000 Investment in Amer Sports, Inc. (NYSE:AS)

Vontobel Holding Ltd. purchased a new position in Amer Sports, Inc. (NYSE:AS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,148 shares of the company's stock, valued at approximately $245,000.

A number of other institutional investors also recently bought and sold shares of AS. Sterling Capital Management LLC increased its stake in Amer Sports by 55.9% in 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. Signaturefd LLC increased its stake in Amer Sports by 35.0% in 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. Keel Point LLC purchased a new stake in Amer Sports in the fourth quarter worth $234,000. Magnetar Financial LLC purchased a new stake in Amer Sports in the fourth quarter worth $275,000. Finally, AXQ Capital LP purchased a new stake in Amer Sports in the fourth quarter worth $276,000. 40.25% of the stock is currently owned by institutional investors.

Amer Sports Stock Down 1.7%

AS stock traded down $0.67 during trading on Thursday, reaching $37.84. 645,713 shares of the company traded hands, compared to its average volume of 3,159,438. Amer Sports, Inc. has a 12 month low of $10.11 and a 12 month high of $40.21. The business has a 50 day simple moving average of $35.10 and a 200 day simple moving average of $30.40. The company has a market capitalization of $20.95 billion, a price-to-earnings ratio of 102.28, a price-to-earnings-growth ratio of 1.55 and a beta of 3.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.80 and a current ratio of 1.66.

Amer Sports (NYSE:AS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.12. Amer Sports had a return on equity of 7.21% and a net margin of 3.70%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company earned $0.08 earnings per share. The firm's revenue for the quarter was up 24.5% compared to the same quarter last year. On average, equities research analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AS shares. Wells Fargo & Company set a $35.00 target price on Amer Sports and gave the stock an "equal weight" rating in a research note on Wednesday, May 21st. TD Securities raised their price target on Amer Sports from $30.00 to $41.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Morgan Stanley raised their price target on Amer Sports from $28.00 to $33.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 21st. UBS Group restated a "buy" rating and set a $50.00 price target (up previously from $37.00) on shares of Amer Sports in a research note on Wednesday, May 21st. Finally, Piper Sandler assumed coverage on Amer Sports in a research note on Thursday, June 26th. They set an "overweight" rating and a $45.00 price target on the stock. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $37.81.

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.