Strs Ohio Reduces Stock Holdings in Amer Sports, Inc. $AS

Strs Ohio trimmed its position in Amer Sports, Inc. (NYSE:AS) by 88.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,567 shares of the company’s stock after selling 27,984 shares during the quarter. Strs Ohio’s holdings in Amer Sports were worth $124,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. lifted its holdings in Amer Sports by 146.4% in the second quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock valued at $35,000 after acquiring an additional 533 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Amer Sports by 174.3% during the second quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock worth $63,000 after acquiring an additional 1,011 shares during the last quarter. Financial Consulate Inc. purchased a new stake in Amer Sports in the third quarter valued at $40,000. Pacer Advisors Inc. acquired a new position in shares of Amer Sports in the 3rd quarter valued at $44,000. Finally, Choreo LLC lifted its stake in shares of Amer Sports by 21.4% in the 2nd quarter. Choreo LLC now owns 9,854 shares of the company’s stock valued at $382,000 after purchasing an additional 1,740 shares during the last quarter. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Price Performance

Shares of AS opened at $36.24 on Thursday. Amer Sports, Inc. has a fifty-two week low of $20.21 and a fifty-two week high of $42.36. The firm’s 50 day moving average price is $37.60 and its 200 day moving average price is $36.06. The company has a market cap of $20.07 billion, a P/E ratio of 65.89, a PEG ratio of 0.71 and a beta of 2.86. The company has a quick ratio of 0.70, a current ratio of 1.51 and a debt-to-equity ratio of 0.24.

Amer Sports (NYSE:AS) last issued 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. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Amer Sports had a net margin of 5.10% and a return on equity of 8.51%. The firm’s revenue was up 29.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 EPS. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. On average, research analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AS has been the subject of a number of recent analyst reports. Evercore ISI raised their price objective on Amer Sports from $43.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 19th. Truist Financial set a $46.00 target price on shares of Amer Sports in a research note on Wednesday, January 14th. Wells Fargo & Company lifted their price target on shares of Amer Sports from $40.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, December 16th. Zacks Research downgraded shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, Deutsche Bank Aktiengesellschaft set a $49.00 price objective on shares of Amer Sports in a research report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $46.06.

Amer Sports Company 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).