Amer Sports, Inc. $AS Shares Acquired by Candlestick Capital Management LP

Candlestick Capital Management LP grew its stake in shares of Amer Sports, Inc. (NYSE:AS) by 24.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,568,381 shares of the company’s stock after purchasing an additional 702,091 shares during the period. Amer Sports makes up 3.0% of Candlestick Capital Management LP’s investment portfolio, making the stock its 6th biggest holding. Candlestick Capital Management LP’s holdings in Amer Sports were worth $124,001,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new stake in Amer Sports in the 3rd quarter valued at about $1,477,000. Fortress Investment Group LLC bought a new position in Amer Sports in the second quarter worth approximately $9,634,000. Massachusetts Financial Services Co. MA bought a new position in Amer Sports in the third quarter worth approximately $45,507,000. JPMorgan Chase & Co. grew its stake in Amer Sports by 9.3% in the third quarter. JPMorgan Chase & Co. now owns 684,783 shares of the company’s stock valued at $23,796,000 after acquiring an additional 58,350 shares during the period. Finally, Navellier & Associates Inc. acquired a new stake in Amer Sports in the third quarter valued at approximately $4,218,000. Institutional investors own 40.25% of the company’s stock.

Amer Sports Stock Performance

Shares of Amer Sports stock opened at $32.32 on Friday. Amer Sports, Inc. has a 52 week low of $20.21 and a 52 week high of $42.76. The company has a quick ratio of 0.76, a current ratio of 1.50 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average price of $37.53 and a 200-day moving average price of $35.98. The company has a market cap of $17.90 billion, a PE ratio of 43.10, a price-to-earnings-growth ratio of 1.29 and a beta of 2.80.

Amer Sports (NYSE:AS) last announced its earnings results on Tuesday, February 24th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. Amer Sports had a return on equity of 9.74% and a net margin of 6.51%.The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the firm earned $0.17 earnings per share. Amer Sports’s quarterly revenue was up 28.5% on a year-over-year basis. 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. Equities analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AS has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft set a $49.00 target price on Amer Sports in a research report on Thursday, January 8th. Zacks Research downgraded shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Piper Sandler restated an “overweight” rating on shares of Amer Sports in a research note on Friday, February 20th. Evercore upped their price objective on shares of Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Finally, Wells Fargo & Company raised their price objective 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. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $47.12.

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).