Amer Sports, Inc. $AS Stock Position Raised by Renaissance Capital LLC

Renaissance Capital LLC boosted its holdings in Amer Sports, Inc. (NYSE:AS) by 34.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 166,855 shares of the company’s stock after acquiring an additional 42,897 shares during the period. Amer Sports comprises about 3.2% of Renaissance Capital LLC’s investment portfolio, making the stock its 14th biggest holding. Renaissance Capital LLC’s holdings in Amer Sports were worth $5,798,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in AS. Charles Schwab Investment Management Inc. lifted its holdings in shares of Amer Sports by 22.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,386 shares of the company’s stock worth $331,000 after purchasing an additional 2,275 shares during the last quarter. State of Wyoming bought a new stake in Amer Sports in the first quarter valued at $279,000. Canada Pension Plan Investment Board acquired a new position in shares of Amer Sports during the first quarter valued at $6,187,000. Quarry LP acquired a new position in shares of Amer Sports during the first quarter valued at $34,000. Finally, PDT Partners LLC grew its position in shares of Amer Sports by 93.2% during the first quarter. PDT Partners LLC now owns 143,509 shares of the company’s stock worth $3,836,000 after acquiring an additional 69,220 shares during the last quarter. 40.25% of the stock is owned by institutional investors.

Amer Sports Stock Performance

Shares of NYSE AS opened at $37.78 on Wednesday. The stock’s fifty day simple moving average is $34.90 and its 200 day simple moving average is $36.16. The stock has a market capitalization of $20.92 billion, a price-to-earnings ratio of 68.69, a PEG ratio of 1.03 and a beta of 2.85. The company has a quick ratio of 0.70, a current ratio of 1.51 and a debt-to-equity ratio of 0.24. Amer Sports, Inc. has a 52-week low of $20.21 and a 52-week high of $42.36.

Amer Sports (NYSE:AS) last released its quarterly 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. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.73 billion. Amer Sports had a return on equity of 8.51% and a net margin of 5.10%.Amer Sports’s revenue for the quarter was up 29.7% on a year-over-year basis. During the same quarter last year, the company posted $0.14 EPS. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. As a group, sell-side analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on AS. Barclays assumed coverage on shares of Amer Sports in a research report on Tuesday, December 9th. They issued an “overweight” rating and a $49.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amer Sports in a report on Monday. UBS Group boosted their price objective on Amer Sports from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Morgan Stanley set a $41.00 price objective on Amer Sports and gave the stock a “positive” rating in a report on Monday, September 22nd. Finally, Robert W. Baird lifted their target price on Amer Sports from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, September 19th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $44.73.

Amer Sports Profile

Amer Sports (NYSE:AS) is a Helsinki-based sporting goods group that designs, develops and markets performance-oriented equipment, apparel and footwear across multiple sports. The company focuses on product innovation, brand-driven marketing and global distribution to serve athletes and outdoor enthusiasts, offering goods for activities such as skiing, running, hiking, tennis, golf and diving.

Amer Sports’ portfolio comprises well-known sports and outdoor brands, including Salomon (outdoor footwear and winter sports), Atomic (alpine skis and ski equipment), Arc’teryx (technical outerwear and climbing gear), Wilson (racquet and ball sports equipment) and Suunto (precision instruments and sports watches).