Bank of Nova Scotia Invests $50.41 Million in Amer Sports, Inc. $AS

Bank of Nova Scotia bought a new position in Amer Sports, Inc. (NYSE:AS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,450,500 shares of the company’s stock, valued at approximately $50,405,000. Bank of Nova Scotia owned about 0.26% of Amer Sports as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. AQR Capital Management LLC purchased a new stake in shares of Amer Sports during the first quarter valued at $565,000. Goldman Sachs Group Inc. increased its stake in Amer Sports by 44.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company’s stock worth $31,372,000 after purchasing an additional 358,536 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Amer Sports by 60.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 364,156 shares of the company’s stock worth $14,115,000 after purchasing an additional 136,781 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in Amer Sports by 146.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock worth $35,000 after buying an additional 533 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Amer Sports by 136.1% during the 2nd quarter. Geode Capital Management LLC now owns 747,218 shares of the company’s stock worth $28,962,000 after buying an additional 430,702 shares during the period. 40.25% of the stock is owned by institutional investors and hedge funds.

Amer Sports Trading Down 0.1%

NYSE:AS opened at $32.32 on Monday. The stock has a market cap of $17.90 billion, a PE ratio of 43.10, a price-to-earnings-growth ratio of 1.29 and a beta of 2.80. Amer Sports, Inc. has a fifty-two week low of $20.21 and a fifty-two week high of $42.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 0.76. The stock’s 50-day moving average is $37.53 and its two-hundred day moving average is $35.94.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.99 billion. Amer Sports had a net margin of 6.51% and a return on equity of 9.74%. The firm’s revenue was up 28.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 earnings per share. Amer Sports has set its FY 2026 guidance at 1.100-1.150 EPS and its Q1 2026 guidance at 0.280-0.300 EPS. As a group, equities research analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. UBS Group reiterated a “buy” rating on shares of Amer Sports in a report on Friday. Barclays started coverage on shares of Amer Sports in a report on Tuesday, December 9th. They set an “overweight” rating and a $49.00 price target on the stock. Wells Fargo & Company upped their price target on shares of Amer Sports from $40.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, December 16th. Piper Sandler reaffirmed an “overweight” rating on shares of Amer Sports in a research note on Friday, February 20th. Finally, Truist Financial set a $49.00 price objective on shares of Amer Sports in a research report on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Amer Sports currently has a consensus rating of “Buy” and an average target price of $47.12.

Amer Sports Profile

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).