Northern Trust Corp Purchases 14,669 Shares of Amer Sports, Inc. (NYSE:AS)

Northern Trust Corp boosted its position in Amer Sports, Inc. (NYSE:AS) by 15.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 111,074 shares of the company’s stock after purchasing an additional 14,669 shares during the quarter. Northern Trust Corp’s holdings in Amer Sports were worth $3,106,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Amer Sports by 250.7% during the fourth quarter. FMR LLC now owns 26,414,511 shares of the company’s stock worth $738,550,000 after acquiring an additional 18,881,504 shares during the last quarter. Brilliance Asset Management Ltd. grew its stake in shares of Amer Sports by 5.1% during the fourth quarter. Brilliance Asset Management Ltd. now owns 4,073,061 shares of the company’s stock worth $113,883,000 after acquiring an additional 196,380 shares during the last quarter. WT Asset Management Ltd grew its stake in shares of Amer Sports by 188.2% during the fourth quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company’s stock worth $100,834,000 after acquiring an additional 2,355,182 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Amer Sports by 262.5% during the fourth quarter. Marshall Wace LLP now owns 3,316,167 shares of the company’s stock worth $92,720,000 after acquiring an additional 2,401,302 shares during the last quarter. Finally, Oxbow Capital Management HK Ltd purchased a new stake in shares of Amer Sports during the fourth quarter worth about $41,940,000. 40.25% of the stock is currently owned by institutional investors.

Amer Sports Trading Down 1.0%

Amer Sports stock opened at $37.12 on Friday. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. Amer Sports, Inc. has a 12 month low of $10.11 and a 12 month high of $38.42. The stock’s 50 day simple moving average is $26.62 and its two-hundred day simple moving average is $27.34. The firm has a market cap of $20.56 billion, a PE ratio of -265.09, a P/E/G ratio of 0.72 and a beta of 2.76.

Amer Sports (NYSE:AS) last released its quarterly earnings data on Tuesday, May 20th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.15 by $0.12. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the firm posted $0.08 EPS. The business’s quarterly revenue was up 24.5% compared to the same quarter last year. Analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AS shares. The Goldman Sachs Group boosted their price target on Amer Sports from $28.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday. Wells Fargo & Company set a $35.00 price target on Amer Sports and gave the stock an “equal weight” rating in a research note on Wednesday. TD Securities boosted their price target on Amer Sports from $30.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday. UBS Group restated a “buy” rating and set a $50.00 price target (up previously from $37.00) on shares of Amer Sports in a research note on Wednesday. Finally, Sanford C. Bernstein assumed coverage on Amer Sports in a research report on Thursday, February 13th. They issued an “outperform” rating and a $38.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.67.

About Amer Sports

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.