Police & Firemen s Retirement System of New Jersey Purchases 34,027 Shares of Amer Sports, Inc. $AS

Police & Firemen s Retirement System of New Jersey raised its position in Amer Sports, Inc. (NYSE:AS) by 148.9% in the 2nd quarter, Holdings Channel reports. The firm owned 56,877 shares of the company’s stock after buying an additional 34,027 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Amer Sports were worth $2,205,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of Amer Sports by 46.4% in the 1st quarter. Bank of New York Mellon Corp now owns 227,375 shares of the company’s stock valued at $6,078,000 after buying an additional 72,012 shares during the period. New York State Common Retirement Fund lifted its holdings in Amer Sports by 16.4% during the first quarter. New York State Common Retirement Fund now owns 28,400 shares of the company’s stock worth $759,000 after acquiring an additional 4,000 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in Amer Sports by 5.3% in the first quarter. Pinnacle Associates Ltd. now owns 55,895 shares of the company’s stock valued at $1,494,000 after acquiring an additional 2,825 shares during the period. Machina Capital S.A.S. bought a new stake in shares of Amer Sports in the first quarter worth about $376,000. Finally, Mackenzie Financial Corp raised its position in shares of Amer Sports by 64.6% during the first quarter. Mackenzie Financial Corp now owns 48,205 shares of the company’s stock worth $1,289,000 after purchasing an additional 18,920 shares during the period. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AS has been the subject of several research analyst reports. Bank of America boosted their price objective on Amer Sports from $45.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, September 19th. HSBC set a $50.00 price target on shares of Amer Sports and gave the company a “buy” rating in a research note on Tuesday, August 26th. Nomura set a $39.80 price objective on shares of Amer Sports and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley set a $41.00 price objective on shares of Amer Sports and gave the stock a “positive” rating in a report on Monday, September 22nd. Finally, Wells Fargo & Company upped their target price on shares of Amer Sports from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Amer Sports presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.06.

Amer Sports Stock Performance

Shares of AS stock opened at $34.74 on Thursday. Amer Sports, Inc. has a 12 month low of $20.21 and a 12 month high of $42.36. The company’s fifty day simple moving average is $32.99 and its 200-day simple moving average is $35.50. The firm has a market cap of $19.24 billion, a PE ratio of 63.17, a P/E/G ratio of 0.99 and a beta of 2.97. The company has a quick ratio of 0.61, a current ratio of 1.60 and a debt-to-equity ratio of 0.24.

Amer Sports (NYSE:AS) last released its earnings results on Tuesday, November 18th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. Amer Sports had a net margin of 5.10% and a return on equity of 8.68%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the firm earned $0.14 earnings per share. The firm’s revenue for the quarter was up 29.7% compared to the same quarter last year. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. Equities research analysts expect 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.