Amundi Buys 1,019,971 Shares of Amer Sports, Inc. $AS

Amundi increased its stake in Amer Sports, Inc. (NYSE:AS) by 1,284.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,099,377 shares of the company’s stock after acquiring an additional 1,019,971 shares during the period. Amundi owned approximately 0.20% of Amer Sports worth $41,985,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Amer Sports by 17.4% in the second quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock valued at $101,000 after buying an additional 387 shares during the last quarter. SBI Securities Co. Ltd. increased its position in Amer Sports by 146.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock valued at $35,000 after acquiring an additional 533 shares during the period. Quarry LP purchased a new stake in shares of Amer Sports during the first quarter worth approximately $34,000. Choreo LLC increased its position in Amer Sports by 21.4% during the 2nd quarter. Choreo LLC now owns 9,854 shares of the company’s stock worth $382,000 after purchasing an additional 1,740 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Amer Sports by 22.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 12,386 shares of the company’s stock worth $331,000 after acquiring an additional 2,275 shares during the period. 40.25% of the stock is owned by hedge funds and other institutional investors.

Amer Sports Price Performance

Amer Sports stock opened at $38.65 on Wednesday. The company has a market capitalization of $21.41 billion, a price-to-earnings ratio of 70.28, a price-to-earnings-growth ratio of 1.01 and a beta of 2.85. Amer Sports, Inc. has a 1 year low of $20.21 and a 1 year high of $42.36. 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 company’s 50 day simple moving average is $33.15 and its 200-day simple moving average is $36.05.

Amer Sports (NYSE:AS) last posted its 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. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.73 billion. Amer Sports had a return on equity of 8.51% and a net margin of 5.10%.Amer Sports’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 earnings per share. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. As a group, equities research analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Bank of America upped their price target on shares of Amer Sports from $45.00 to $46.00 and gave the company a “buy” rating in a report on Friday, September 19th. Morgan Stanley set a $41.00 price target on Amer Sports and gave the stock a “positive” rating in a research note on Monday, September 22nd. Hsbc Global Res raised Amer Sports from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 27th. Nomura set a $39.80 price target on shares of Amer Sports and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Finally, Nomura Securities raised Amer Sports from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.34.

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.