Junto Capital Management LP grew its position in Amer Sports, Inc. (NYSE:AS – Free Report) by 583.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,099,673 shares of the company’s stock after acquiring an additional 2,646,364 shares during the quarter. Amer Sports accounts for about 1.8% of Junto Capital Management LP’s holdings, making the stock its 17th largest position. Junto Capital Management LP’s holdings in Amer Sports were worth $104,893,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of Amer Sports by 84.3% in the first quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock valued at $25,000 after purchasing an additional 348 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Amer Sports in the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd increased its holdings in Amer Sports by 484.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock valued at $29,000 after buying an additional 703 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of Amer Sports by 1,030.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock valued at $30,000 after buying an additional 742 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Amer Sports by 241.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock valued at $42,000 after buying an additional 848 shares in the last quarter. Institutional investors and hedge funds own 40.25% of the company’s stock.
Insider Buying and Selling
In other Amer Sports news, CFO Andrew Page sold 2,022 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $28.63, for a total value of $57,889.86. Following the completion of the sale, the chief financial officer owned 6,575 shares in the company, valued at approximately $188,242.25. This trade represents a 23.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Analyst Ratings Changes
Check Out Our Latest Stock Report on Amer Sports
Amer Sports Trading Down 3.2%
Shares of AS opened at $27.77 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.80 and a current ratio of 1.76. The company has a market cap of $15.38 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 0.92 and a beta of 1.99. The stock has a fifty day moving average price of $33.49 and a two-hundred day moving average price of $34.44. Amer Sports, Inc. has a 52-week low of $27.71 and a 52-week high of $42.76.
Amer Sports (NYSE:AS – Get Free Report) last announced its earnings results on Tuesday, August 18th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.11 by $0.11. Amer Sports had a return on equity of 11.18% and a net margin of 7.35%.The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the business earned $0.03 earnings per share. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. Amer Sports has set its FY 2026 guidance at 1.270-1.300 EPS and its Q3 2026 guidance at 0.310-0.330 EPS. Analysts predict that Amer Sports, Inc. will post 1.29 EPS for the current fiscal year.
About Amer Sports
Amer Sports, Inc (NYSE: AS) is a global sporting goods company that designs, manufactures and markets equipment, apparel, footwear and accessories for outdoor, action sports and team sports. Its products are sold through wholesale partners, company-operated stores and digital channels across North America, Europe, Asia and other international markets.
The company’s brand portfolio includes Arc’teryx, which focuses on premium outdoor apparel and equipment; Salomon, known for mountain sports footwear and equipment; Wilson, which serves tennis, pickleball, baseball, basketball and other team sports; Atomic, which specializes in skiing products; and Peak Performance and Armada, which offer outdoor and winter sports apparel and equipment.
Amer Sports traces its origins to 1950 in Finland, where it was established as Amer-Yhtymä before developing into a diversified sporting goods group.
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