Amer Sports, Inc. (NYSE:AS) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG raised its stake in Amer Sports, Inc. (NYSE:AS) by 812.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 921,554 shares of the company’s stock after buying an additional 820,560 shares during the quarter. Deutsche Bank AG owned about 0.17% of Amer Sports worth $25,767,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AS. West Branch Capital LLC grew its stake in shares of Amer Sports by 14,285.7% in the fourth 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 in the last quarter. Signaturefd LLC grew its position in Amer Sports by 35.0% in the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company’s stock valued at $116,000 after acquiring an additional 1,073 shares in the last quarter. Sterling Capital Management LLC increased its stake in Amer Sports by 55.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,487 shares of the company’s stock worth $97,000 after purchasing an additional 1,250 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Amer Sports during the third quarter worth about $25,000. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Amer Sports in the fourth quarter valued at approximately $104,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AS shares. UBS Group upped their target price on shares of Amer Sports from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Wells Fargo & Company increased their price objective on Amer Sports from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday. Morgan Stanley upped their price target on Amer Sports from $19.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. The Goldman Sachs Group reduced their target price 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. Finally, Sanford C. Bernstein started coverage on shares of Amer Sports in a report on Thursday, February 13th. They set an “outperform” rating and a $38.00 price target for the company. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.55.

Amer Sports Price Performance

Shares of NYSE:AS opened at $31.16 on Thursday. Amer Sports, Inc. has a 12 month low of $10.11 and a 12 month high of $34.00. The firm has a market capitalization of $17.26 billion, a P/E ratio of -222.56, a P/E/G ratio of 0.72 and a beta of 2.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. The company’s fifty day moving average price is $25.59 and its 200 day moving average price is $26.54.

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

About Amer Sports

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.