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

Vontobel Holding Ltd. purchased 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 Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,148 shares of the company's stock, valued at approximately $245,000.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. purchased a new stake in Amer Sports in the 4th quarter valued at approximately $283,000. Proficio Capital Partners LLC purchased a new stake in Amer Sports in the 4th quarter valued at approximately $618,000. Signaturefd LLC lifted its stake in Amer Sports by 35.0% in the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company's stock valued at $116,000 after buying an additional 1,073 shares in the last quarter. OPTIMAS CAPITAL Ltd purchased a new stake in Amer Sports in the 4th quarter valued at approximately $4,468,000. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Amer Sports in the 4th quarter valued at approximately $4,342,000. Hedge funds and other institutional investors own 40.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AS. Citigroup reissued a "buy" rating and set a $42.00 price target (up previously from $30.00) on shares of Amer Sports in a research note on Wednesday, May 21st. Piper Sandler began coverage on Amer Sports in a report on Thursday, June 26th. They set an "overweight" rating and a $45.00 price objective on the stock. Wells Fargo & Company set a $35.00 price objective on Amer Sports and gave the stock an "equal weight" rating in a report on Wednesday, May 21st. KGI Securities set a $44.30 price objective on Amer Sports and gave the stock an "outperform" rating in a report on Wednesday, June 25th. Finally, The Goldman Sachs Group raised their price objective on Amer Sports from $28.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Four equities 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $37.81.

Amer Sports Trading Up 0.0%

Amer Sports stock traded up $0.01 during midday trading on Friday, reaching $38.15. The stock had a trading volume of 1,871,847 shares, compared to its average volume of 3,182,696. The stock's 50-day simple moving average is $35.62 and its 200 day simple moving average is $30.53. The stock has a market capitalization of $21.13 billion, a PE ratio of 61.52, a price-to-earnings-growth ratio of 1.56 and a beta of 3.36. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $40.21. 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 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.12. The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.38 billion. Amer Sports had a return on equity of 7.21% and a net margin of 3.70%. The firm's quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 earnings per share. Analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current year.

About Amer Sports

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.