Temasek Holdings Private Ltd Raises Stake in Amer Sports, Inc. $AS

Temasek Holdings Private Ltd grew its stake in shares of Amer Sports, Inc. (NYSE:AS) by 46.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,578,541 shares of the company’s stock after purchasing an additional 817,128 shares during the period. Temasek Holdings Private Ltd’s holdings in Amer Sports were worth $96,309,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in AS. Kestra Advisory Services LLC purchased a new stake in shares of Amer Sports during the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Amer Sports by 484.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock worth $29,000 after purchasing an additional 703 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Amer Sports by 241.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock worth $42,000 after purchasing an additional 848 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Amer Sports by 174.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock worth $63,000 after purchasing an additional 1,011 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of Amer Sports by 5,600.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,824 shares of the company’s stock worth $68,000 after purchasing an additional 1,792 shares in the last quarter. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Amer Sports Trading Up 1.2%

Shares of AS stock opened at $35.90 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 0.82 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $19.88 billion, a price-to-earnings ratio of 44.88, a PEG ratio of 1.23 and a beta of 2.05. The firm has a 50-day moving average price of $35.11 and a 200 day moving average price of $36.24. Amer Sports, Inc. has a twelve month low of $28.92 and a twelve month high of $42.76.

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

Insiders Place Their Bets

In other Amer Sports news, insider Wen-Chang (Victor) Chen sold 13,075 shares of Amer Sports stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $35.62, for a total value of $465,731.50. Following the completion of the sale, the insider owned 149,821 shares in the company, valued at $5,336,624.02. The trade was a 8.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stuart Haselden sold 215,275 shares of Amer Sports 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 completion of the sale, the chief executive officer owned 215,275 shares of the company’s stock, valued at $7,657,331.75. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 860,705 shares of company stock worth $30,156,939 over the last 90 days.

Analysts Set New Price Targets

Several equities research analysts have commented on AS shares. Evercore boosted their target price on shares of Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft set a $52.00 price target on Amer Sports in a research note on Wednesday, May 20th. Robert W. Baird set a $51.00 price target on Amer Sports in a research note on Wednesday, May 20th. Piper Sandler reaffirmed an “overweight” rating on shares of Amer Sports in a research note on Friday, February 20th. Finally, Truist Financial lifted their price target on Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $48.19.

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).