Charles Schwab Investment Management Inc. Grows Position in Amer Sports, Inc. $AS

Charles Schwab Investment Management Inc. increased its position in shares of Amer Sports, Inc. (NYSE:AS) by 22.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,386 shares of the company’s stock after buying an additional 2,275 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Amer Sports were worth $331,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AS. Junto Capital Management LP acquired a new position in Amer Sports in the fourth quarter valued at approximately $66,793,000. SG Americas Securities LLC increased its position in shares of Amer Sports by 14,640.1% during the first quarter. SG Americas Securities LLC now owns 1,418,001 shares of the company’s stock worth $37,903,000 after purchasing an additional 1,408,381 shares in the last quarter. Deutsche Bank AG increased its position in shares of Amer Sports by 812.5% during the fourth quarter. Deutsche Bank AG now owns 921,554 shares of the company’s stock worth $25,767,000 after purchasing an additional 820,560 shares in the last quarter. Vident Advisory LLC acquired a new stake in shares of Amer Sports during the fourth quarter worth about $19,791,000. Finally, Trivest Advisors Ltd increased its position in shares of Amer Sports by 47.9% during the first quarter. Trivest Advisors Ltd now owns 2,110,945 shares of the company’s stock worth $56,426,000 after purchasing an additional 683,445 shares in the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company set a $35.00 target price on shares of Amer Sports and gave the stock an “equal weight” rating in a research report on Wednesday, May 21st. Citigroup restated a “buy” rating and set a $42.00 target price (up from $30.00) on shares of Amer Sports in a research report on Wednesday, May 21st. Bank of America raised their target price on shares of Amer Sports from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Wall Street Zen lowered shares of Amer Sports from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, HSBC set a $50.00 price target on Amer Sports and gave the stock a “buy” rating in a report on Tuesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.62.

Amer Sports Price Performance

Amer Sports stock opened at $37.89 on Thursday. Amer Sports, Inc. has a one year low of $13.34 and a one year high of $42.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 1.60. The business has a fifty day moving average of $38.42 and a two-hundred day moving average of $32.67. The company has a market cap of $20.98 billion, a P/E ratio of 92.41, a price-to-earnings-growth ratio of 1.32 and a beta of 3.30.

Amer Sports (NYSE:AS) last released its earnings results on Tuesday, August 19th. The company reported $0.06 EPS for the quarter, beating 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 company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company earned $0.05 earnings per share. Amer Sports’s quarterly revenue was up 23.4% compared to the same quarter last year. 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, analysts predict that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Amer Sports 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.