Wellington Management Group LLP Buys Shares of 54,546 Amer Sports, Inc. $AS

Key Points

• Wellington Management Group LLP invested approximately $1.46 million in 54,546 shares of Amer Sports, marking a significant new position in the company's stock.
• Amer Sports reported a quarterly revenue increase of 23.4%, with earnings per share of $0.06, exceeding analysts' expectations.
• Recent upgrades from financial analysts have led to varying ratings for Amer Sports, with the company's stock receiving a consensus target price of $41.62.

Wellington Management Group LLP bought a new position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 54,546 shares of the company's stock, valued at approximately $1,458,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in shares of Amer Sports by 957.6% in the 4th quarter. Bank of America Corp DE now owns 384,705 shares of the company's stock worth $10,756,000 after purchasing an additional 348,329 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Amer Sports by 1,402.2% in the first quarter. Citigroup Inc. now owns 441,628 shares of the company's stock valued at $11,805,000 after buying an additional 412,229 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Amer Sports by 25.9% during the 1st quarter. Deutsche Bank AG now owns 1,160,491 shares of the company's stock valued at $31,020,000 after acquiring an additional 238,937 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of Amer Sports during the 1st quarter valued at $245,000. Finally, Handelsbanken Fonder AB boosted its stake in shares of Amer Sports by 59.4% during the 1st quarter. Handelsbanken Fonder AB now owns 27,100 shares of the company's stock worth $724,000 after acquiring an additional 10,100 shares in the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AS has been the topic of a number of recent analyst reports. Hsbc Global Res raised Amer Sports from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 27th. Morgan Stanley boosted their price objective on Amer Sports from $28.00 to $33.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 21st. KGI Securities set a $44.30 target price on shares of Amer Sports and gave the stock an "outperform" rating in a report on Wednesday, June 25th. JPMorgan Chase & Co. lifted their target price on shares of Amer Sports from $45.00 to $46.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, Citigroup restated a "buy" rating and issued a $42.00 price target (up previously from $30.00) on shares of Amer Sports in a research report on Wednesday, May 21st. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $41.62.

Amer Sports Stock Down 1.1%

AS stock traded down $0.42 during midday trading on Thursday, reaching $37.52. The company had a trading volume of 1,646,358 shares, compared to its average volume of 4,058,525. The company has a 50 day moving average of $38.42 and a two-hundred day moving average of $32.67. The company has a market capitalization of $20.78 billion, a P/E ratio of 91.57, a PEG ratio of 1.32 and a beta of 3.30. Amer Sports, Inc. has a 1 year low of $13.43 and a 1 year high of $42.36. The company has a current ratio of 1.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24.

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

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.