Vontobel Holding Ltd. bought a new stake in shares of Amer Sports, Inc. (NYSE:AS - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 9,148 shares of the company's stock, valued at approximately $245,000.
Several other institutional investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. acquired a new position in Amer Sports in the fourth quarter valued at about $283,000. Proficio Capital Partners LLC bought a new position in shares of Amer Sports in the fourth quarter valued at approximately $618,000. Signaturefd LLC raised its stake in shares of Amer Sports by 35.0% in the fourth quarter. Signaturefd LLC now owns 4,136 shares of the company's stock valued at $116,000 after acquiring an additional 1,073 shares during the last quarter. OPTIMAS CAPITAL Ltd bought a new position in shares of Amer Sports in the fourth quarter valued at approximately $4,468,000. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Amer Sports in the fourth quarter valued at approximately $4,342,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
AS has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on shares of Amer Sports from $28.00 to $33.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 21st. Wall Street Zen upgraded shares of Amer Sports from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Citigroup reiterated a "buy" rating and issued a $42.00 target price (up previously from $30.00) on shares of Amer Sports in a research note on Wednesday, May 21st. Wells Fargo & Company set a $35.00 target price on shares of Amer Sports and gave the company an "equal weight" rating in a research note on Wednesday, May 21st. Finally, UBS Group reissued a "buy" rating and issued a $50.00 price target (up previously from $37.00) on shares of Amer Sports in a report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $37.81.
Read Our Latest Stock Report on Amer Sports
Amer Sports Price Performance
AS opened at $37.81 on Wednesday. Amer Sports, Inc. has a 52 week low of $10.11 and a 52 week high of $40.21. The firm has a market capitalization of $20.94 billion, a PE ratio of 102.19, a P/E/G ratio of 1.57 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. The company has a fifty day moving average price of $34.81 and a two-hundred day moving average price of $30.35.
Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.12. Amer Sports had a net margin of 3.70% and a return on equity of 7.21%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business earned $0.08 EPS. The firm's revenue was up 24.5% on a year-over-year basis. As a group, analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current year.
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.
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