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

Woodson Capital Management LP grew its stake in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 29.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,050,000 shares of the company's stock after acquiring an additional 240,800 shares during the period. Amer Sports accounts for 4.8% of Woodson Capital Management LP's investment portfolio, making the stock its 7th biggest holding. Woodson Capital Management LP owned 0.19% of Amer Sports worth $29,358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. FMR LLC boosted its holdings in Amer Sports by 250.7% in the fourth quarter. FMR LLC now owns 26,414,511 shares of the company's stock worth $738,550,000 after purchasing an additional 18,881,504 shares in the last quarter. Brilliance Asset Management Ltd. boosted its holdings in Amer Sports by 5.1% in the fourth quarter. Brilliance Asset Management Ltd. now owns 4,073,061 shares of the company's stock worth $113,883,000 after purchasing an additional 196,380 shares in the last quarter. Candlestick Capital Management LP boosted its holdings in Amer Sports by 1.7% in the fourth quarter. Candlestick Capital Management LP now owns 3,864,510 shares of the company's stock worth $108,052,000 after purchasing an additional 63,078 shares in the last quarter. WT Asset Management Ltd boosted its holdings in Amer Sports by 188.2% in the fourth quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company's stock worth $100,834,000 after purchasing an additional 2,355,182 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in Amer Sports by 262.5% in the fourth quarter. Marshall Wace LLP now owns 3,316,167 shares of the company's stock worth $92,720,000 after purchasing an additional 2,401,302 shares in the last quarter. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Amer Sports Price Performance

NYSE:AS traded down $0.38 during mid-day trading on Friday, hitting $37.12. The company's stock had a trading volume of 2,969,817 shares, compared to its average volume of 2,790,506. Amer Sports, Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $38.42. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $20.56 billion, a price-to-earnings ratio of -265.09, a P/E/G ratio of 0.72 and a beta of 2.76. The stock has a fifty day moving average of $26.62 and a 200-day moving average of $27.40.

Amer Sports (NYSE:AS - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.15 by $0.12. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the prior year, the firm earned $0.08 earnings per share. Amer Sports's revenue was up 24.5% compared to the same quarter last year. As a group, equities analysts forecast that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on AS. Morgan Stanley upped their price objective on shares of Amer Sports from $28.00 to $33.00 and gave the stock an "equal weight" rating in a report on Wednesday. Wall Street Zen raised shares of Amer Sports from a "hold" rating to a "buy" rating in a research report on Saturday. TD Securities boosted their target price on shares of Amer Sports from $30.00 to $41.00 and gave the stock a "buy" rating in a research report on Wednesday. Wells Fargo & Company set a $35.00 target price on shares of Amer Sports and gave the stock an "equal weight" rating in a research report on Wednesday. Finally, Citigroup reissued a "buy" rating and set a $42.00 target price (up previously from $30.00) on shares of Amer Sports in a research report on Wednesday. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $36.67.

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.