Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in Amer Sports, Inc. (NYSE:AS – Free Report) in the fourth quarter, Holdings Channel.com reports. The firm acquired 20,450 shares of the company’s stock, valued at approximately $764,000.
Other large investors also recently modified their holdings of the company. Kestra Advisory Services LLC bought a new position in shares of Amer Sports in the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Amer Sports by 484.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock valued at $29,000 after acquiring an additional 703 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Amer Sports by 241.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock valued at $42,000 after acquiring an additional 848 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Amer Sports by 174.3% in the second quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock valued at $63,000 after acquiring an additional 1,011 shares during the period. Finally, Global Retirement Partners LLC boosted its position in shares of Amer Sports by 5,600.0% in the fourth quarter. Global Retirement Partners LLC now owns 1,824 shares of the company’s stock valued at $68,000 after acquiring an additional 1,792 shares during the period. 40.25% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently commented on AS shares. Weiss Ratings upgraded shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. Robert W. Baird set a $51.00 price objective on shares of Amer Sports in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 target price on shares of Amer Sports in a research report on Wednesday, May 20th. Evercore lifted their target price on shares of Amer Sports from $50.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Finally, Truist Financial lifted their target price on shares of Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $48.19.
Amer Sports Trading Down 0.1%
Shares of Amer Sports stock opened at $35.43 on Monday. Amer Sports, Inc. has a 1 year low of $28.92 and a 1 year high of $42.76. The firm has a market cap of $19.62 billion, a PE ratio of 44.29, a PEG ratio of 1.23 and a beta of 2.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.82. The company has a 50 day simple moving average of $35.06 and a two-hundred day simple moving average of $36.25.
Amer Sports (NYSE:AS – Get Free Report) last announced its earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.07. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the business posted $0.27 earnings per share. Amer Sports’s revenue for the quarter was up 32.1% on a year-over-year basis. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. Analysts expect that Amer Sports, Inc. will post 1.22 earnings per share for the current fiscal year.
Insider Activity at Amer Sports
In other Amer Sports news, CEO Jie (James) Zheng sold 500,000 shares of Amer Sports stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $34.42, for a total transaction of $17,210,000.00. Following the completion of the sale, the chief executive officer directly owned 1,262,385 shares in the company, valued at $43,451,291.70. The trade was a 28.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Andrew E. Page sold 105,230 shares of Amer Sports stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total transaction of $3,867,202.50. Following the transaction, the chief financial officer directly owned 4,083 shares in the company, valued at $150,050.25. This trade represents a 96.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 860,705 shares of company stock valued at $30,156,939.
Amer Sports Company 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).
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