Vanguard Personalized Indexing Management LLC Purchases New Position in Amer Sports, Inc. $AS

Vanguard Personalized Indexing Management LLC purchased a new stake in Amer Sports, Inc. (NYSE:AS) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,232 shares of the company’s stock, valued at approximately $397,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AS. Maryland State Retirement & Pension System acquired a new stake in shares of Amer Sports in the 2nd quarter valued at $281,000. GGM Financials LLC acquired a new position in Amer Sports in the second quarter valued at about $14,550,000. Capricorn Fund Managers Ltd boosted its position in Amer Sports by 22.4% in the second quarter. Capricorn Fund Managers Ltd now owns 134,602 shares of the company’s stock valued at $5,217,000 after buying an additional 24,602 shares in the last quarter. 111 Capital bought a new stake in Amer Sports during the second quarter worth about $273,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Amer Sports during the second quarter worth approximately $189,000. 40.25% of the stock is owned by institutional investors.

Amer Sports Stock Up 1.8%

Shares of NYSE AS opened at $31.61 on Friday. Amer Sports, Inc. has a 1 year low of $17.43 and a 1 year high of $42.36. The firm’s 50-day moving average is $35.65 and its 200-day moving average is $34.22. 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 firm has a market capitalization of $17.50 billion, a PE ratio of 77.09, a price-to-earnings-growth ratio of 0.99 and a beta of 3.04.

Amer Sports (NYSE:AS) last announced its quarterly earnings data on Tuesday, August 19th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. Amer Sports had a net margin of 3.93% and a return on equity of 6.87%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the business posted $0.05 earnings per share. Amer Sports’s 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. Equities analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

AS has been the topic of a number of research analyst reports. Hsbc Global Res upgraded Amer Sports from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 27th. Bank of America increased their target price on Amer Sports from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, September 19th. The Goldman Sachs Group raised their target price on Amer Sports from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. HSBC set a $50.00 price target on Amer Sports and gave the company a “buy” rating in a report on Tuesday, August 26th. Finally, Nomura Securities lowered shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Amer Sports currently has a consensus rating of “Moderate Buy” and an average price target of $43.49.

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.