Amer Sports, Inc. $AS Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its stake in Amer Sports, Inc. (NYSE:AS) by 139.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,315 shares of the company’s stock after purchasing an additional 26,941 shares during the period. Public Employees Retirement System of Ohio’s holdings in Amer Sports were worth $1,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Quarry LP acquired a new stake in Amer Sports in the 1st quarter valued at about $34,000. GAMMA Investing LLC raised its position in Amer Sports by 17.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock valued at $101,000 after purchasing an additional 387 shares in the last quarter. Colonial Trust Advisors acquired a new stake in Amer Sports in the 1st quarter valued at about $93,000. Signaturefd LLC raised its position in Amer Sports by 19.1% in the 1st quarter. Signaturefd LLC now owns 4,925 shares of the company’s stock valued at $132,000 after purchasing an additional 789 shares in the last quarter. Finally, Voya Investment Management LLC acquired a new stake in Amer Sports in the 1st quarter valued at about $210,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Stock Down 2.3%

Amer Sports stock opened at $34.39 on Friday. Amer Sports, Inc. has a twelve month low of $16.72 and a twelve month high of $42.36. The stock has a 50 day moving average of $37.37 and a two-hundred day moving average of $33.77. 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 stock has a market capitalization of $19.05 billion, a price-to-earnings ratio of 83.89, a PEG ratio of 1.13 and a beta of 3.04.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Tuesday, August 19th. The company reported $0.06 earnings per share 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 company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the firm earned $0.05 EPS. The firm’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, research analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Piper Sandler assumed coverage on Amer Sports in a research report on Thursday, June 26th. They issued an “overweight” rating and a $45.00 price target on the stock. Wall Street Zen upgraded Amer Sports from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Wells Fargo & Company increased their price objective on Amer Sports from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, September 22nd. Citigroup increased their price objective on Amer Sports from $42.00 to $50.00 and gave the company a “buy” rating in a report on Friday, September 19th. Finally, The Goldman Sachs Group increased their price objective on Amer Sports from $44.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Amer Sports presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.49.

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.