Federated Hermes Inc. Grows Stock Position in Amer Sports, Inc. $AS

Federated Hermes Inc. raised its holdings in Amer Sports, Inc. (NYSE:AS) by 190.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,018 shares of the company’s stock after buying an additional 17,723 shares during the quarter. Federated Hermes Inc.’s holdings in Amer Sports were worth $939,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. boosted its position in shares of Amer Sports by 146.4% in the second quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock worth $35,000 after acquiring an additional 533 shares during the last quarter. Smartleaf Asset Management LLC increased its position 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 purchasing an additional 1,011 shares during the last quarter. Financial Consulate Inc. purchased a new position in Amer Sports during the third quarter worth approximately $40,000. Pacer Advisors Inc. purchased a new position in Amer Sports during the third quarter worth approximately $44,000. Finally, Choreo LLC boosted its holdings 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. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AS has been the subject of a number of research analyst reports. Wall Street Zen downgraded Amer Sports from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Wells Fargo & Company upped their price target on Amer Sports from $40.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Nomura set a $39.80 price objective on Amer Sports and gave the stock a “buy” rating in a report on Tuesday, November 18th. Evercore lifted their price objective on Amer Sports from $43.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, November 19th. Finally, Citigroup reissued a “buy” rating on shares of Amer Sports in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $46.06.

Amer Sports Trading Up 4.9%

Shares of AS opened at $37.48 on Friday. Amer Sports, Inc. has a 12 month low of $20.21 and a 12 month high of $42.36. The stock’s 50-day moving average is $37.58 and its two-hundred day moving average is $36.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.51 and a quick ratio of 0.70. The stock has a market cap of $20.76 billion, a PE ratio of 68.15, a P/E/G ratio of 0.71 and a beta of 2.86.

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

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).