Vident Advisory LLC Buys New Shares in Amer Sports, Inc. (NYSE:AS)

Vident Advisory LLC bought a new stake in Amer Sports, Inc. (NYSE:AS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 707,837 shares of the company’s stock, valued at approximately $19,791,000. Vident Advisory LLC owned 0.13% of Amer Sports at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in Amer Sports in the third quarter valued at $25,000. Artemis Investment Management LLP lifted its stake in Amer Sports by 35.1% in the 4th quarter. Artemis Investment Management LLP now owns 24,817 shares of the company’s stock valued at $694,000 after buying an additional 6,444 shares in the last quarter. Capricorn Fund Managers Ltd purchased a new position in Amer Sports in the 4th quarter valued at about $3,834,000. Dakota Wealth Management purchased a new position in Amer Sports in the 4th quarter valued at about $1,083,000. Finally, West Branch Capital LLC lifted its stake in Amer Sports by 14,285.7% in the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock valued at $28,000 after buying an additional 1,000 shares in the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on AS shares. Wells Fargo & Company increased their price objective on shares of Amer Sports from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. raised their price target on shares of Amer Sports from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Morgan Stanley raised their price target on shares of Amer Sports from $19.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Citigroup cut their price target on shares of Amer Sports from $36.00 to $30.00 and set a “buy” rating for the company in a report on Monday, April 28th. Finally, The Goldman Sachs Group dropped their target price on shares of Amer Sports from $33.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.55.

Amer Sports Stock Performance

Shares of AS stock opened at $31.16 on Monday. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. Amer Sports, Inc. has a 52 week low of $10.11 and a 52 week high of $34.00. The stock has a market capitalization of $17.26 billion, a PE ratio of -222.56, a P/E/G ratio of 0.72 and a beta of 2.76. The firm has a 50 day moving average of $25.78 and a two-hundred day moving average of $26.85.

Amer Sports (NYSE:AS) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.60 billion. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. On average, research analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

About Amer Sports

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.