C WorldWide Group Holding A S Purchases 86,327 Shares of Amer Sports, Inc. $AS

C WorldWide Group Holding A S raised its position in shares of Amer Sports, Inc. (NYSE:AS) by 41.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 296,653 shares of the company’s stock after acquiring an additional 86,327 shares during the period. C WorldWide Group Holding A S’s holdings in Amer Sports were worth $10,039,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AS. Aspex Management HK Ltd increased its holdings in Amer Sports by 27.9% during the 4th quarter. Aspex Management HK Ltd now owns 7,593,627 shares of the company’s stock valued at $283,622,000 after purchasing an additional 1,658,536 shares in the last quarter. Viking Global Investors LP increased its stake in shares of Amer Sports by 63.5% in the third quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock valued at $220,436,000 after buying an additional 2,462,832 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Amer Sports by 1,306.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock valued at $194,759,000 after buying an additional 4,843,742 shares in the last quarter. Avala Global LP raised its holdings in shares of Amer Sports by 38.8% in the fourth quarter. Avala Global LP now owns 4,637,149 shares of the company’s stock valued at $173,198,000 after buying an additional 1,297,200 shares during the last quarter. Finally, Morgan Stanley lifted its position in Amer Sports by 16.0% during the 4th quarter. Morgan Stanley now owns 3,707,204 shares of the company’s stock worth $138,464,000 after buying an additional 510,419 shares in the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AS shares. Robert W. Baird set a $51.00 price objective on shares of Amer Sports in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Amer Sports in a research report on Wednesday, August 19th. Weiss Ratings downgraded Amer Sports from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 19th. UBS Group reiterated a “buy” rating on shares of Amer Sports in a research report on Wednesday, August 19th. Finally, Truist Financial lowered their target price on Amer Sports from $50.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Amer Sports has a consensus rating of “Moderate Buy” and an average price target of $48.34.

Insiders Place Their Bets

In related news, CFO Andrew Page sold 2,022 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $28.63, for a total transaction of $57,889.86. Following the completion of the transaction, the chief financial officer owned 6,575 shares in the company, valued at approximately $188,242.25. The trade was a 23.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Amer Sports Trading Down 3.0%

NYSE AS opened at $28.66 on Wednesday. Amer Sports, Inc. has a 12 month low of $28.09 and a 12 month high of $42.76. The stock has a 50-day simple moving average of $33.62 and a 200 day simple moving average of $34.54. The company has a current ratio of 1.76, a quick ratio of 0.80 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $15.87 billion, a PE ratio of 30.16, a P/E/G ratio of 0.95 and a beta of 1.99.

Amer Sports (NYSE:AS) last issued its earnings results on Tuesday, August 18th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Amer Sports had a return on equity of 11.18% and a net margin of 7.35%.The company’s revenue was up 32.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 earnings per share. Amer Sports has set its FY 2026 guidance at 1.270-1.300 EPS and its Q3 2026 guidance at 0.310-0.330 EPS. Research analysts forecast that Amer Sports, Inc. will post 1.29 EPS for the current year.

Amer Sports 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).