Invesco Ltd. Buys 16,981 Shares of Amer Sports, Inc. $AS

Invesco Ltd. grew its stake in Amer Sports, Inc. (NYSE:AS) by 39.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,177 shares of the company’s stock after purchasing an additional 16,981 shares during the quarter. Invesco Ltd.’s holdings in Amer Sports were worth $1,609,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Junto Capital Management LP bought a new position in shares of Amer Sports in the fourth quarter valued at approximately $66,793,000. Trivest Advisors Ltd lifted its holdings in shares of Amer Sports by 47.9% in the first quarter. Trivest Advisors Ltd now owns 2,110,945 shares of the company’s stock valued at $56,426,000 after purchasing an additional 683,445 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Amer Sports by 14,640.1% in the first quarter. SG Americas Securities LLC now owns 1,418,001 shares of the company’s stock valued at $37,903,000 after purchasing an additional 1,408,381 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Amer Sports by 25.9% in the first quarter. Deutsche Bank AG now owns 1,160,491 shares of the company’s stock valued at $31,020,000 after purchasing an additional 238,937 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Amer Sports by 12.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,105,151 shares of the company’s stock valued at $30,900,000 after purchasing an additional 121,962 shares in the last quarter. Institutional investors own 40.25% of the company’s stock.

Amer Sports Stock Performance

Shares of AS opened at $39.33 on Monday. The company has a current ratio of 1.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $21.78 billion, a price-to-earnings ratio of 95.94, a PEG ratio of 1.32 and a beta of 3.30. The stock has a 50 day moving average of $38.36 and a 200 day moving average of $32.53. Amer Sports, Inc. has a 12 month low of $13.16 and a 12 month high of $42.36.

Amer Sports (NYSE:AS) last released its earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Amer Sports had a return on equity of 6.87% and a net margin of 3.93%.The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the business posted $0.05 earnings per share. The business’s revenue for the quarter was up 23.4% on a year-over-year basis. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. As a group, sell-side analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wells Fargo & Company set a $35.00 target price on Amer Sports and gave the company an “equal weight” rating in a report on Wednesday, May 21st. Morgan Stanley increased their price target on Amer Sports from $28.00 to $33.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 21st. Bank of America increased their price target on Amer Sports from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. KGI Securities set a $44.30 price target on Amer Sports and gave the company an “outperform” rating in a research report on Wednesday, June 25th. Finally, Zacks Research downgraded Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.62.

Amer Sports Company Profile

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.