Voya Investment Management LLC Purchases New Stake in Amer Sports, Inc. $AS

Key Points

• Voya Investment Management LLC acquired a new stake in Amer Sports, purchasing 7,856 shares valued at approximately $210,000 in the 1st quarter.
• Analysts have raised their price targets for Amer Sports, with Citigroup increasing it from $42.00 to $50.00 and several others also issuing "buy" ratings.
• Amer Sports reported earnings of $0.06 per share, outperforming estimates, and projected FY 2025 earnings guidance between 0.770-0.820 EPS.

Voya Investment Management LLC purchased a new position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,856 shares of the company's stock, valued at approximately $210,000.

Several other large investors also recently made changes to their positions in the stock. Strs Ohio bought a new stake in shares of Amer Sports during the 1st quarter worth about $981,000. Goldman Sachs Group Inc. boosted its stake in shares of Amer Sports by 44.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company's stock worth $31,372,000 after acquiring an additional 358,536 shares in the last quarter. Temasek Holdings Private Ltd bought a new stake in shares of Amer Sports during the 1st quarter worth about $10,081,000. Tiger Pacific Capital LP bought a new stake in shares of Amer Sports during the 1st quarter worth about $8,316,000. Finally, Samlyn Capital LLC boosted its stake in shares of Amer Sports by 10.8% during the 1st quarter. Samlyn Capital LLC now owns 1,634,448 shares of the company's stock worth $43,689,000 after acquiring an additional 159,848 shares in the last quarter. Institutional investors own 40.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Citigroup upped their price target on Amer Sports from $42.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Bank of America upped their price target on Amer Sports from $45.00 to $46.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. HSBC set a $50.00 target price on Amer Sports and gave the company a "buy" rating in a research note on Tuesday, August 26th. Robert W. Baird increased their target price on Amer Sports from $45.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday, September 19th. Finally, Wells Fargo & Company increased their target price on Amer Sports from $35.00 to $38.00 and gave the company an "equal weight" rating in a research note on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.49.

Amer Sports Stock Up 0.4%

NYSE:AS opened at $34.75 on Wednesday. Amer Sports, Inc. has a 12-month low of $15.96 and a 12-month high of $42.36. The company has a quick ratio of 0.61, a current ratio of 1.60 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $19.25 billion, a P/E ratio of 84.76, a P/E/G ratio of 1.11 and a beta of 3.30. The stock's fifty day simple moving average is $37.52 and its 200-day simple moving average is $33.67.

Amer Sports (NYSE:AS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 19th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.18 billion. Amer Sports had a return on equity of 6.87% and a net margin of 3.93%.The firm's revenue was up 23.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. Equities research analysts expect that Amer Sports, Inc. will post 0.46 earnings per share 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.

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