Pinpoint Asset Management Singapore Pte. Ltd. Buys New Stake in Amer Sports, Inc. $AS

Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Amer Sports, Inc. (NYSE:AS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 20,061 shares of the company’s stock, valued at approximately $749,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Federation des caisses Desjardins du Quebec lifted its holdings in Amer Sports by 10.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,466 shares of the company’s stock worth $167,000 after buying an additional 405 shares in the last quarter. Choreo LLC lifted its holdings in Amer Sports by 4.9% in the 4th quarter. Choreo LLC now owns 9,387 shares of the company’s stock worth $354,000 after buying an additional 437 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Amer Sports by 1.1% in the 3rd quarter. Mackenzie Financial Corp now owns 48,745 shares of the company’s stock worth $1,694,000 after buying an additional 540 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in Amer Sports by 2.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 35,300 shares of the company’s stock worth $1,227,000 after buying an additional 700 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Amer Sports by 484.8% in 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 in the last quarter. Institutional investors and hedge funds own 40.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AS. Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a report on Friday, February 20th. Robert W. Baird set a $51.00 price objective on shares of Amer Sports in a report on Wednesday, May 20th. UBS Group boosted their price objective on shares of Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Evercore boosted 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, Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Amer Sports in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $48.19.

Amer Sports Stock Performance

Shares of Amer Sports stock opened at $35.43 on Friday. The firm has a market cap of $19.62 billion, a PE ratio of 44.29, a price-to-earnings-growth ratio of 1.24 and a beta of 2.05. The firm’s 50-day simple moving average is $35.06 and its 200-day simple moving average is $36.24. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 1.66. Amer Sports, Inc. has a 1 year low of $28.92 and a 1 year high of $42.76.

Amer Sports (NYSE:AS) last issued its earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.84 billion. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 EPS. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. Equities analysts forecast that Amer Sports, Inc. will post 1.22 earnings per share for the current fiscal year.

Insider Activity at Amer Sports

In other news, CEO Stuart Haselden sold 215,275 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $35.57, for a total value of $7,657,331.75. Following the sale, the chief executive officer owned 215,275 shares in the company, valued at approximately $7,657,331.75. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Wen-Chang (Victor) Chen sold 13,075 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $35.62, for a total transaction of $465,731.50. Following the completion of the sale, the insider owned 149,821 shares in the company, valued at approximately $5,336,624.02. This trade represents a 8.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 860,705 shares of company stock worth $30,156,939.

About Amer Sports

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).