JPMorgan Chase & Co. Has $23.80 Million Position in Amer Sports, Inc. $AS

JPMorgan Chase & Co. increased its holdings in shares of Amer Sports, Inc. (NYSE:AS) by 9.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 684,783 shares of the company’s stock after purchasing an additional 58,350 shares during the period. JPMorgan Chase & Co. owned approximately 0.12% of Amer Sports worth $23,796,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AS. Caitong International Asset Management Co. Ltd raised its holdings in Amer Sports by 484.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock worth $29,000 after buying an additional 703 shares during the period. Financial Consulate Inc. bought a new stake in shares of Amer Sports during the third quarter worth $40,000. PNC Financial Services Group Inc. raised its holdings 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 period. Pacer Advisors Inc. acquired a new stake in shares of Amer Sports during the third quarter worth $44,000. Finally, Smartleaf Asset Management LLC lifted its position in 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 acquiring an additional 1,011 shares in the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Amer Sports Stock Up 6.5%

Shares of AS stock opened at $32.73 on Tuesday. The firm’s fifty day moving average price is $36.86 and its two-hundred day moving average price is $35.68. The company has a current ratio of 1.50, a quick ratio of 0.76 and a debt-to-equity ratio of 0.25. Amer Sports, Inc. has a 1 year low of $20.21 and a 1 year high of $42.76. The firm has a market capitalization of $18.13 billion, a P/E ratio of 43.64, a PEG ratio of 1.23 and a beta of 2.80.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $1.99 billion. Amer Sports had a net margin of 6.51% and a return on equity of 9.74%. The company’s quarterly revenue was up 28.5% on a year-over-year basis. During the same period in the prior 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, equities analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AS. Piper Sandler reaffirmed an “overweight” rating on shares of Amer Sports in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $49.00 price target on Amer Sports in a research note on Thursday, January 8th. Truist Financial set a $49.00 price objective on Amer Sports in a research report on Wednesday, February 25th. UBS Group reiterated a “buy” rating on shares of Amer Sports in a report on Friday, March 13th. Finally, Evercore lifted their target price on Amer Sports from $50.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently 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).