Creative Planning Boosts Stock Position in Amer Sports, Inc. $AS

Creative Planning increased its position in shares of Amer Sports, Inc. (NYSE:AS) by 45.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,782 shares of the company’s stock after acquiring an additional 23,450 shares during the period. Creative Planning’s holdings in Amer Sports were worth $2,899,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AS. Quarry LP acquired a new stake in shares of Amer Sports during the first quarter worth about $34,000. SBI Securities Co. Ltd. grew its holdings in shares of Amer Sports by 146.4% in the second quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock valued at $35,000 after purchasing an additional 533 shares in the last quarter. Colonial Trust Advisors purchased a new stake in Amer Sports during the 1st quarter worth approximately $93,000. GAMMA Investing LLC lifted its holdings in Amer Sports by 17.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock worth $101,000 after buying an additional 387 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Amer Sports during the 2nd quarter worth approximately $189,000. 40.25% of the stock is owned by institutional investors and hedge funds.

Amer Sports Trading Down 0.9%

NYSE:AS opened at $34.03 on Monday. Amer Sports, Inc. has a 1 year low of $20.21 and a 1 year high of $42.36. The stock has a market cap of $18.85 billion, a P/E ratio of 61.87, a P/E/G ratio of 0.95 and a beta of 2.98. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.70 and a current ratio of 1.51. The stock has a 50-day simple moving average of $32.89 and a 200-day simple moving average of $35.68.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Tuesday, November 18th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.25 by $0.08. Amer Sports had a net margin of 5.10% and a return on equity of 8.51%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the firm posted $0.14 earnings per share. The firm’s revenue was up 29.7% on a year-over-year basis. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. As a group, analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AS shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amer Sports in a research report on Wednesday, October 8th. Wall Street Zen cut Amer Sports from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. UBS Group increased their price target on Amer Sports from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Hsbc Global Res upgraded Amer Sports from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 27th. Finally, Truist Financial assumed coverage on shares of Amer Sports in a research note on Monday, October 27th. They set a “buy” rating and a $42.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.06.

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.