Boothbay Fund Management LLC Purchases 449,270 Shares of Amer Sports, Inc. $AS

Boothbay Fund Management LLC raised its position in Amer Sports, Inc. (NYSE:AS) by 196.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 678,115 shares of the company’s stock after buying an additional 449,270 shares during the period. Amer Sports accounts for about 0.3% of Boothbay Fund Management LLC’s investment portfolio, making the stock its 16th biggest position. Boothbay Fund Management LLC owned 0.12% of Amer Sports worth $23,564,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Aspex Management HK Ltd bought a new stake in Amer Sports during the 3rd quarter worth approximately $206,244,000. Scopus Asset Management L.P. bought a new position in Amer Sports in the 2nd quarter valued at $108,562,000. Viking Global Investors LP raised its position in Amer Sports by 63.5% in the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock valued at $220,436,000 after purchasing an additional 2,462,832 shares during the last quarter. WT Asset Management Ltd boosted its stake in Amer Sports by 221.5% in the third quarter. WT Asset Management Ltd now owns 3,499,062 shares of the company’s stock worth $121,592,000 after purchasing an additional 2,410,861 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Amer Sports by 139.9% in the second quarter. Qube Research & Technologies Ltd now owns 3,887,480 shares of the company’s stock valued at $150,679,000 after buying an additional 2,267,066 shares in the last quarter. 40.25% of the stock is owned by institutional investors.

Amer Sports Price Performance

AS opened at $32.32 on Friday. The company has a fifty day moving average price of $37.53 and a two-hundred day moving average price of $35.98. The firm has a market capitalization of $17.90 billion, a PE ratio of 43.10, a P/E/G ratio of 1.29 and a beta of 2.80. Amer Sports, Inc. has a 52 week low of $20.21 and a 52 week high of $42.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.76 and a current ratio of 1.50.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.99 billion. During the same quarter in the prior year, the business posted $0.17 EPS. The firm’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. As a group, analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Nomura set a $39.80 price target on shares of Amer Sports and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Barclays began coverage on shares of Amer Sports in a research note on Tuesday, December 9th. They issued an “overweight” rating and a $49.00 target price for the company. Wells Fargo & Company upped their target price on shares of Amer Sports from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Truist Financial set a $49.00 target price on Amer Sports in a research note on Wednesday, February 25th. Finally, JPMorgan Chase & Co. cut their price target on Amer Sports from $53.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $47.12.

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).