Amer Sports, Inc. $AS Holdings Boosted by Renaissance Capital LLC

Renaissance Capital LLC raised its position in shares of Amer Sports, Inc. (NYSE:AS) by 34.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 166,855 shares of the company’s stock after acquiring an additional 42,897 shares during the period. Amer Sports accounts for 3.2% of Renaissance Capital LLC’s investment portfolio, making the stock its 14th biggest position. Renaissance Capital LLC’s holdings in Amer Sports were worth $5,798,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AS. Maryland State Retirement & Pension System acquired a new stake in Amer Sports during the 2nd quarter worth about $281,000. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Amer Sports in the second quarter worth approximately $647,000. Fortress Investment Group LLC acquired a new stake in shares of Amer Sports during the second quarter worth approximately $9,634,000. Exchange Traded Concepts LLC purchased a new position in Amer Sports during the second quarter valued at approximately $6,032,000. Finally, Jefferies Financial Group Inc. purchased a new position in Amer Sports during the second quarter valued at approximately $5,447,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AS. Wall Street Zen lowered shares of Amer Sports from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Truist Financial assumed coverage on Amer Sports in a research note on Monday, October 27th. They issued a “buy” rating and a $42.00 target price on the stock. Nomura set a $39.80 target price on Amer Sports and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Barclays assumed coverage on shares of Amer Sports in a research report on Tuesday, December 9th. They set an “overweight” rating and a $49.00 price objective on the stock. Finally, Citigroup reissued a “buy” rating on shares of Amer Sports in a research report on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Amer Sports currently has a consensus rating of “Buy” and a consensus price target of $44.73.

Amer Sports Price Performance

Shares of AS stock opened at $37.78 on Wednesday. The company has a market capitalization of $20.92 billion, a P/E ratio of 68.69, a P/E/G ratio of 1.03 and a beta of 2.85. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.24. Amer Sports, Inc. has a 12 month low of $20.21 and a 12 month high of $42.36. The stock has a 50 day moving average of $34.90 and a two-hundred day moving average of $36.16.

Amer Sports (NYSE:AS) last issued its earnings results on Tuesday, November 18th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. Amer Sports had a return on equity of 8.51% and a net margin of 5.10%.The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the company posted $0.14 earnings per share. Amer Sports’s revenue was up 29.7% on a year-over-year basis. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. As a group, equities analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current year.

Amer Sports Company 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).