Pinnacle Associates Ltd. Decreases Position in Amer Sports, Inc. $AS

Pinnacle Associates Ltd. trimmed its holdings in shares of Amer Sports, Inc. (NYSE:AS) by 72.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,359 shares of the company’s stock after selling 26,821 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Amer Sports were worth $360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. raised its stake 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 buying an additional 533 shares during the last quarter. Financial Consulate Inc. purchased a new stake in shares of Amer Sports during the third quarter worth about $40,000. PNC Financial Services Group Inc. grew its stake in shares of Amer Sports by 241.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock worth $42,000 after acquiring an additional 848 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of Amer Sports during the third quarter valued at about $44,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Amer Sports by 174.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock valued at $63,000 after purchasing an additional 1,011 shares during the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AS has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Amer Sports in a research note on Monday, December 29th. Wells Fargo & Company upped their price target on shares of Amer Sports from $40.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft set a $49.00 price target on shares of Amer Sports in a report on Thursday, January 8th. JPMorgan Chase & Co. dropped their price objective on shares of Amer Sports from $53.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, November 17th. Finally, Truist Financial set a $49.00 target price on Amer Sports in a research report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $47.12.

Amer Sports Price Performance

Shares of NYSE:AS opened at $32.39 on Friday. Amer Sports, Inc. has a twelve month low of $20.21 and a twelve month high of $42.76. The company has a current ratio of 1.50, a quick ratio of 0.76 and a debt-to-equity ratio of 0.25. The company has a market cap of $17.94 billion, a PE ratio of 43.18, a price-to-earnings-growth ratio of 1.33 and a beta of 2.80. The company’s 50 day moving average is $37.63 and its 200 day moving average is $36.07.

Amer Sports (NYSE:AS) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Amer Sports had a net margin of 6.51% and a return on equity of 9.74%. The business’s quarterly revenue was up 28.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.17 EPS. Amer Sports has set its FY 2026 guidance at 1.100-1.150 EPS and its Q1 2026 guidance at 0.280-0.300 EPS. On average, sell-side analysts forecast that Amer Sports, Inc. will post 0.46 EPS for the current year.

About Amer Sports

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).