Amer Sports, Inc. (NYSE:AS) Stock Position Boosted by First Trust Advisors LP

First Trust Advisors LP lifted its holdings in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 27.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,681 shares of the company's stock after purchasing an additional 13,294 shares during the period. First Trust Advisors LP's holdings in Amer Sports were worth $1,725,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new stake in shares of Amer Sports in the third quarter valued at $25,000. West Branch Capital LLC grew its holdings in Amer Sports by 14,285.7% in the 4th 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. Kieckhefer Group LLC acquired a new position in shares of Amer Sports during the 4th quarter valued at about $42,000. GAMMA Investing LLC lifted its holdings in shares of Amer Sports by 61.8% during the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock worth $54,000 after acquiring an additional 742 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in shares of Amer Sports by 55.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock worth $97,000 after acquiring an additional 1,250 shares during the period. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on AS. The Goldman Sachs Group dropped their price target on shares of Amer Sports from $33.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Sanford C. Bernstein assumed coverage on Amer Sports in a research report on Thursday, February 13th. They issued an "outperform" rating and a $38.00 target price on the stock. UBS Group boosted their price target on Amer Sports from $37.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Morgan Stanley raised their price objective on Amer Sports from $19.00 to $27.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Finally, Citigroup cut their price target on shares of Amer Sports from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $31.45.

Amer Sports Stock Performance

NYSE:AS traded down $0.41 during trading hours on Friday, reaching $26.99. 2,069,044 shares of the stock were exchanged, compared to its average volume of 2,570,459. Amer Sports, Inc. has a 52 week low of $10.11 and a 52 week high of $34.00. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $14.95 billion, a P/E ratio of -192.77, a P/E/G ratio of 0.72 and a beta of 2.76. The firm has a 50 day simple moving average of $25.47 and a 200-day simple moving average of $26.22.

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

Amer Sports Company 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.