38,300 Shares in Amer Sports, Inc. $AS Acquired by Polianta Ltd

Polianta Ltd bought a new stake in shares of Amer Sports, Inc. (NYSE:AS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 38,300 shares of the company’s stock, valued at approximately $1,330,000.

Several other hedge funds have also made changes to their positions in the company. CWM LLC increased its stake in shares of Amer Sports by 39.5% during the third quarter. CWM LLC now owns 6,883 shares of the company’s stock valued at $239,000 after buying an additional 1,948 shares during the period. Pacer Advisors Inc. bought a new position in Amer Sports during the 3rd quarter worth about $44,000. Inspire Investing LLC purchased a new position in Amer Sports during the 3rd quarter valued at about $978,000. Exchange Traded Concepts LLC raised its holdings in shares of Amer Sports by 7.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 166,776 shares of the company’s stock valued at $5,795,000 after purchasing an additional 11,143 shares in the last quarter. Finally, First Bank & Trust purchased a new stake in shares of Amer Sports in the 3rd quarter worth approximately $483,000. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Amer Sports Stock Up 0.0%

AS stock opened at $37.94 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average of $34.48 and a two-hundred day moving average of $36.16. The company has a market cap of $21.01 billion, a price-to-earnings ratio of 68.97, a PEG ratio of 1.03 and a beta of 2.85. Amer Sports, Inc. has a 12 month low of $20.21 and a 12 month high of $42.36.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, November 18th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.25 by $0.08. Amer Sports had a return on equity of 8.51% and a net margin of 5.10%.The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter last year, the firm earned $0.14 earnings per share. The business’s revenue for the quarter was up 29.7% on a year-over-year basis. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. As a group, analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on AS shares. Bank of America boosted their price objective on shares of Amer Sports from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Nomura Securities raised Amer Sports from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Morgan Stanley set a $41.00 target price on Amer Sports and gave the company a “positive” rating in a research note on Monday, September 22nd. Wall Street Zen lowered shares of Amer Sports from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Amer Sports from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, November 17th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $44.73.

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).