Cookson Peirce & Co. Inc. Lowers Stock Holdings in Amer Sports, Inc. $AS

Cookson Peirce & Co. Inc. lowered its position in Amer Sports, Inc. (NYSE:AS) by 32.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 36,132 shares of the company’s stock after selling 17,493 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Amer Sports were worth $1,256,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AS. SBI Securities Co. Ltd. boosted its stake 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 worth $35,000 after acquiring an additional 533 shares during the period. Financial Consulate Inc. purchased a new position in Amer Sports in the 3rd quarter worth approximately $40,000. Pacer Advisors Inc. purchased a new position in Amer Sports in the 3rd quarter worth approximately $44,000. Smartleaf Asset Management LLC boosted its stake in Amer Sports by 174.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock worth $63,000 after purchasing an additional 1,011 shares during the period. Finally, Hollencrest Capital Management purchased a new stake in Amer Sports during the 2nd quarter valued at approximately $102,000. 40.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

AS has been the topic of several research analyst reports. Nomura set a $39.80 target price on shares of Amer Sports and gave the stock a “buy” rating in a report on Tuesday, November 18th. Truist Financial set a $46.00 price target on shares of Amer Sports in a report on Wednesday, January 14th. JPMorgan Chase & Co. decreased their price target on shares of Amer Sports from $53.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. Wells Fargo & Company increased their price objective on shares of Amer Sports from $40.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Finally, Evercore raised their price objective on Amer Sports from $43.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, November 19th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $46.65.

Amer Sports Price Performance

AS stock opened at $39.76 on Friday. Amer Sports, Inc. has a 52 week low of $20.21 and a 52 week high of $42.36. The company has a quick ratio of 0.70, a current ratio of 1.51 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $37.88 and a two-hundred day simple moving average of $36.12. The firm has a market capitalization of $22.02 billion, a P/E ratio of 72.28, a price-to-earnings-growth ratio of 0.76 and a beta of 2.86.

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

About Amer Sports

Amer Sports (NYSE:AS) is a Helsinki-based sporting goods group that designs, develops and markets performance-oriented equipment, apparel and footwear across multiple sports. The company focuses on product innovation, brand-driven marketing and global distribution to serve athletes and outdoor enthusiasts, offering goods for activities such as skiing, running, hiking, tennis, golf and diving.

Amer Sports’ portfolio comprises well-known sports and outdoor brands, including Salomon (outdoor footwear and winter sports), Atomic (alpine skis and ski equipment), Arc’teryx (technical outerwear and climbing gear), Wilson (racquet and ball sports equipment) and Suunto (precision instruments and sports watches).