D. E. Shaw & Co. Inc. Makes New Investment in Amer Sports, Inc. (NYSE:AS)

D. E. Shaw & Co. Inc. purchased a new stake in shares of Amer Sports, Inc. (NYSE:AS) in the 4th quarter, Holdings Channel reports. The fund purchased 444,930 shares of the company’s stock, valued at approximately $12,440,000.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in shares of Amer Sports during the third quarter valued at approximately $25,000. Artemis Investment Management LLP lifted its holdings in Amer Sports by 35.1% during the 4th quarter. Artemis Investment Management LLP now owns 24,817 shares of the company’s stock worth $694,000 after buying an additional 6,444 shares in the last quarter. Capricorn Fund Managers Ltd bought a new position in Amer Sports in the 4th quarter valued at $3,834,000. Dakota Wealth Management bought a new position in Amer Sports in the 4th quarter valued at $1,083,000. Finally, West Branch Capital LLC increased its stake in shares of Amer Sports by 14,285.7% in the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock valued at $28,000 after buying an additional 1,000 shares during the period. 40.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Amer Sports from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. UBS Group upped their target price on shares of Amer Sports from $37.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Citigroup reduced their target price on shares of Amer Sports from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. Sanford C. Bernstein began coverage on shares of Amer Sports in a research note on Thursday, February 13th. They set an “outperform” rating and a $38.00 price target for the company. Finally, The Goldman Sachs Group cut their price objective on shares of Amer Sports from $33.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.45.

Amer Sports Stock Up 3.6%

Shares of NYSE:AS opened at $31.11 on Wednesday. The company has a 50 day moving average price of $25.50 and a two-hundred day moving average price of $26.51. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The company has a market capitalization of $17.23 billion, a PE ratio of -222.20, a PEG ratio of 0.72 and a beta of 2.76. Amer Sports, Inc. has a 52 week low of $10.11 and a 52 week high of $34.00.

Amer Sports (NYSE:AS) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The company’s quarterly revenue was up 23.2% on a year-over-year basis. Analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Amer Sports Profile

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.