Squarepoint Ops LLC grew its position in shares of Amer Sports, Inc. (NYSE:AS – Free Report) by 89.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,106,439 shares of the company’s stock after acquiring an additional 520,888 shares during the quarter. Squarepoint Ops LLC’s holdings in Amer Sports were worth $37,442,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Amer Sports by 84.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock worth $25,000 after acquiring an additional 348 shares during the period. Kestra Advisory Services LLC acquired a new position in Amer Sports during the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd boosted its stake in Amer Sports by 484.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock valued at $29,000 after purchasing an additional 703 shares during the period. Rockefeller Capital Management L.P. grew its position in Amer Sports by 1,030.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock worth $30,000 after purchasing an additional 742 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Amer Sports by 241.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock worth $42,000 after purchasing an additional 848 shares during the last quarter. Institutional investors own 40.25% of the company’s stock.
Analysts Set New Price Targets
AS has been the topic of a number of recent analyst reports. Robert W. Baird set a $51.00 price target on Amer Sports in a report on Wednesday, May 20th. BMO Capital Markets began coverage on Amer Sports in a report on Tuesday. They issued an “outperform” rating and a $38.00 price objective for the company. Piper Sandler restated an “overweight” rating on shares of Amer Sports in a research report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Amer Sports in a research report on Wednesday, August 19th. Finally, UBS Group reaffirmed a “buy” rating on shares of Amer Sports in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Amer Sports has a consensus rating of “Moderate Buy” and a consensus price target of $48.34.
Amer Sports Stock Down 3.0%
Amer Sports stock opened at $28.66 on Wednesday. The stock has a market cap of $15.87 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 0.95 and a beta of 1.99. The company has a current ratio of 1.76, a quick ratio of 0.80 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average price is $33.62 and its two-hundred day moving average price is $34.54. Amer Sports, Inc. has a 52 week low of $28.09 and a 52 week high of $42.76.
Amer Sports (NYSE:AS – Get Free Report) last released its quarterly earnings results on Tuesday, August 18th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. Amer Sports had a net margin of 7.35% and a return on equity of 11.18%. Amer Sports’s revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 EPS. Amer Sports has set its FY 2026 guidance at 1.270-1.300 EPS and its Q3 2026 guidance at 0.310-0.330 EPS. On average, analysts expect that Amer Sports, Inc. will post 1.29 EPS for the current fiscal year.
Insider Activity at Amer Sports
In related news, CFO Andrew Page sold 2,022 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $28.63, for a total transaction of $57,889.86. Following the transaction, the chief financial officer owned 6,575 shares in the company, valued at $188,242.25. This trade represents a 23.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
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).
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