Junto Capital Management LP Takes $66.79 Million Position in Amer Sports, Inc. (NYSE:AS)

Junto Capital Management LP bought a new position in Amer Sports, Inc. (NYSE:AS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,388,886 shares of the company's stock, valued at approximately $66,793,000. Amer Sports accounts for about 1.3% of Junto Capital Management LP's holdings, making the stock its 27th biggest position. Junto Capital Management LP owned 0.44% of Amer Sports as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. West Branch Capital LLC boosted its holdings 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 acquiring an additional 1,000 shares in the last quarter. Kieckhefer Group LLC bought a new stake in Amer Sports in the fourth quarter valued at $42,000. JPMorgan Chase & Co. bought a new stake in shares of Amer Sports during the 3rd quarter valued at $25,000. GAMMA Investing LLC boosted 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 valued at $54,000 after buying an additional 742 shares in the last quarter. Finally, Sterling Capital Management LLC boosted 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 valued at $97,000 after buying an additional 1,250 shares in the last quarter. 40.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AS has been the topic of a number of research reports. Sanford C. Bernstein initiated coverage on shares of Amer Sports in a report on Thursday, February 13th. They set an "outperform" rating and a $38.00 target price on the stock. Morgan Stanley boosted their target price on shares of Amer Sports from $19.00 to $27.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their target price on shares of Amer Sports from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Wells Fargo & Company boosted their target price on shares of Amer Sports from $24.00 to $25.00 and gave the company an "equal weight" rating in a report on Wednesday. Finally, UBS Group boosted their target price on shares of Amer Sports from $37.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Four equities research 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. According to MarketBeat, Amer Sports currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.55.

Amer Sports Stock Performance

NYSE:AS traded down $0.04 during mid-day trading on Wednesday, reaching $31.16. The company's stock had a trading volume of 3,521,731 shares, compared to its average volume of 2,626,580. Amer Sports, Inc. has a 12-month low of $10.11 and a 12-month high of $34.00. The firm's fifty day moving average price is $25.59 and its two-hundred day moving average price is $26.54. 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 stock has a market cap of $17.26 billion, a P/E ratio of -222.56, a PEG ratio of 0.72 and a beta of 2.76.

Amer Sports (NYSE:AS - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, hitting analysts' consensus estimates 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 analyst estimates of $1.60 billion. The business's revenue for the quarter was up 23.2% on a year-over-year basis. On average, equities analysts forecast that Amer Sports, Inc. will post 0.46 EPS 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.