Amer Sports, Inc. $AS Shares Bought by Avala Global LP

Avala Global LP grew its stake in shares of Amer Sports, Inc. (NYSE:AS) by 38.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,637,149 shares of the company’s stock after purchasing an additional 1,297,200 shares during the quarter. Amer Sports makes up about 8.3% of Avala Global LP’s holdings, making the stock its 3rd largest position. Avala Global LP’s holdings in Amer Sports were worth $173,198,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Aspex Management HK Ltd acquired a new position in Amer Sports during the 3rd quarter worth $206,244,000. JPMorgan Chase & Co. grew its holdings in Amer Sports by 9.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 684,783 shares of the company’s stock worth $23,796,000 after acquiring an additional 58,350 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new position in Amer Sports during the 3rd quarter worth $2,519,000. Massachusetts Financial Services Co. MA grew its holdings in Amer Sports by 130.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,015,491 shares of the company’s stock worth $112,629,000 after acquiring an additional 1,705,944 shares in the last quarter. Finally, WT Asset Management Ltd grew its holdings in Amer Sports by 221.5% during the 3rd quarter. WT Asset Management Ltd now owns 3,499,062 shares of the company’s stock worth $121,592,000 after acquiring an additional 2,410,861 shares in the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amer Sports

In other Amer Sports news, CFO Andrew E. Page sold 105,230 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $36.75, for a total transaction of $3,867,202.50. Following the sale, the chief financial officer directly owned 4,083 shares in the company, valued at approximately $150,050.25. The trade was a 96.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jie (James) Zheng sold 500,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $34.42, for a total transaction of $17,210,000.00. Following the sale, the chief executive officer owned 1,262,385 shares in the company, valued at $43,451,291.70. This trade represents a 28.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 860,705 shares of company stock valued at $30,156,939 over the last quarter.

Analysts Set New Price Targets

Several research analysts have weighed in on AS shares. Weiss Ratings raised shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Truist Financial raised their price objective on shares of Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Robert W. Baird set a $51.00 price objective on shares of Amer Sports in a report on Wednesday, May 20th. UBS Group raised 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. Finally, Piper Sandler reissued an “overweight” rating on shares of Amer Sports in a report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Amer Sports presently has a consensus rating of “Buy” and a consensus price target of $48.19.

Amer Sports Trading Down 1.4%

Shares of NYSE:AS opened at $35.09 on Thursday. The company has a market cap of $19.43 billion, a PE ratio of 43.86, a P/E/G ratio of 1.24 and a beta of 2.05. The company’s 50-day moving average price is $35.18 and its 200 day moving average price is $36.22. Amer Sports, Inc. has a fifty-two week low of $28.92 and a fifty-two week high of $42.76. The company has a quick ratio of 0.82, a current ratio of 1.66 and a debt-to-equity ratio of 0.10.

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