Woodson Capital Management LP Buys 240,800 Shares of Amer Sports, Inc. (NYSE:AS)

Woodson Capital Management LP increased its stake in Amer Sports, Inc. (NYSE:AS - Free Report) by 29.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,050,000 shares of the company's stock after acquiring an additional 240,800 shares during the quarter. Amer Sports comprises 4.8% of Woodson Capital Management LP's holdings, making the stock its 7th largest holding. Woodson Capital Management LP owned about 0.19% of Amer Sports worth $29,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in AS. JPMorgan Chase & Co. acquired a new position in shares of Amer Sports in the third quarter worth approximately $25,000. West Branch Capital LLC lifted its stake in Amer Sports by 14,285.7% in the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock valued at $28,000 after buying an additional 1,000 shares during the period. Sterling Capital Management LLC lifted 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 valued at $97,000 after buying an additional 1,250 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in Amer Sports in the fourth quarter valued at approximately $104,000. Finally, Signaturefd LLC lifted its stake in 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 buying an additional 1,073 shares during the period. 40.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Amer Sports from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. The Goldman Sachs Group dropped their price target on Amer Sports from $33.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. UBS Group upped their target price on Amer Sports from $37.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Wells Fargo & Company upped their target price on Amer Sports from $24.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Finally, Morgan Stanley upped their target price on Amer Sports from $19.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $31.55.

Amer Sports Trading Up 0.8%

Shares of Amer Sports stock opened at $31.38 on Tuesday. The stock has a fifty day simple moving average of $25.87 and a 200 day simple moving average of $26.94. Amer Sports, Inc. has a 12-month low of $10.11 and a 12-month high of $34.00. The company has a market capitalization of $17.38 billion, a P/E ratio of -224.13, a price-to-earnings-growth ratio of 0.72 and a beta of 2.76. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. The business's revenue for the quarter was up 23.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal 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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