Ethic Inc. Takes $341,000 Position in Amer Sports, Inc. (NYSE:AS)

Ethic Inc. bought a new position in shares of Amer Sports, Inc. (NYSE:AS) in the 4th quarter, Holdings Channel.com reports. The firm bought 12,201 shares of the company’s stock, valued at approximately $341,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AS. JPMorgan Chase & Co. purchased a new stake in shares of Amer Sports during the 3rd quarter valued at about $25,000. West Branch Capital LLC lifted its holdings 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 worth $28,000 after acquiring an additional 1,000 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of Amer Sports by 55.9% during the 4th 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. E Fund Management Hong Kong Co. Ltd. bought a new position in Amer Sports during the 4th quarter valued at about $104,000. Finally, Signaturefd LLC raised its position in Amer Sports by 35.0% in the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company’s stock worth $116,000 after purchasing an additional 1,073 shares during the period. Institutional investors own 40.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on AS. The Goldman Sachs Group dropped their target price on Amer Sports from $33.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. UBS Group boosted their price objective on Amer Sports from $37.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. increased their target price on Amer Sports from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Wells Fargo & Company boosted their target price on shares of Amer Sports from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Sanford C. Bernstein initiated coverage on shares of Amer Sports in a research note on Thursday, February 13th. They issued an “outperform” rating and a $38.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Amer Sports presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.55.

Amer Sports Price Performance

Shares of AS stock opened at $31.16 on Friday. The stock’s 50-day moving average is $25.78 and its 200 day moving average is $26.72. Amer Sports, Inc. has a 1-year low of $10.11 and a 1-year high of $34.00. 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 has a market cap of $17.26 billion, a P/E ratio of -222.56, a PEG ratio of 0.72 and a beta of 2.76.

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

Amer Sports Company 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.