Broad Peak Investment Advisers Pte Ltd acquired a new stake in Amer Sports, Inc. (NYSE:AS – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 418,000 shares of the company’s stock, valued at approximately $13,761,000. Amer Sports makes up approximately 2.8% of Broad Peak Investment Advisers Pte Ltd’s portfolio, making the stock its 12th biggest position.
A number of other hedge funds also recently made changes to their positions in AS. Aspex Management HK Ltd lifted its position in shares of Amer Sports by 27.9% during the fourth quarter. Aspex Management HK Ltd now owns 7,593,627 shares of the company’s stock worth $283,622,000 after purchasing an additional 1,658,536 shares in the last quarter. Viking Global Investors LP grew its holdings in Amer Sports by 63.5% during the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock valued at $220,436,000 after purchasing an additional 2,462,832 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in Amer Sports by 1,306.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock worth $194,759,000 after buying an additional 4,843,742 shares during the period. Avala Global LP increased its stake in Amer Sports by 38.8% during the 4th quarter. Avala Global LP now owns 4,637,149 shares of the company’s stock worth $173,198,000 after buying an additional 1,297,200 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Amer Sports by 57.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,991,563 shares of the company’s stock worth $138,707,000 after buying an additional 1,457,951 shares in the last quarter. Hedge funds and other institutional investors own 40.25% of the company’s stock.
Wall Street Analyst Weigh In
AS has been the subject of a number of analyst reports. Truist Financial upped their price objective 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. UBS Group boosted their price target on Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Weiss Ratings raised Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Robert W. Baird set a $51.00 price target on Amer Sports in a report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft set a $52.00 price objective on Amer Sports in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $48.70.
Amer Sports Price Performance
Shares of AS stock opened at $33.22 on Tuesday. The firm has a market cap of $18.40 billion, a P/E ratio of 41.52, a P/E/G ratio of 1.19 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. Amer Sports, Inc. has a 1-year low of $28.92 and a 1-year high of $42.76. The firm has a fifty day moving average of $35.15 and a two-hundred day moving average of $36.12.
Amer Sports (NYSE:AS – Get Free Report) last issued its earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the business posted $0.27 EPS. The company’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. As a group, research analysts anticipate that Amer Sports, Inc. will post 1.22 earnings per share for the current fiscal year.
Insider Transactions at Amer Sports
In other news, CEO Jie (James) Zheng sold 500,000 shares of Amer Sports stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $34.42, for a total value of $17,210,000.00. Following the completion of the transaction, the chief executive officer owned 1,262,385 shares in the company, valued at approximately $43,451,291.70. This trade represents a 28.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Wen-Chang (Victor) Chen sold 13,075 shares of Amer Sports stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $35.62, for a total value of $465,731.50. Following the completion of the transaction, the insider owned 149,821 shares of the company’s stock, valued at approximately $5,336,624.02. The trade was a 8.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 860,705 shares of company stock valued at $30,156,939 in the last three months.
About Amer Sports
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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