First Bank & Trust Makes New Investment in Amer Sports, Inc. $AS

First Bank & Trust bought a new position in shares of Amer Sports, Inc. (NYSE:AS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,890 shares of the company’s stock, valued at approximately $483,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AS. GAMMA Investing LLC boosted its position in Amer Sports by 17.4% during the second quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock worth $101,000 after acquiring an additional 387 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of 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 purchasing an additional 533 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Amer Sports by 174.3% in the second quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock valued at $63,000 after purchasing an additional 1,011 shares in the last quarter. Quarry LP acquired a new stake in shares of Amer Sports in the first quarter valued at approximately $34,000. Finally, Choreo LLC lifted its position in Amer Sports by 21.4% during the second quarter. Choreo LLC now owns 9,854 shares of the company’s stock worth $382,000 after buying an additional 1,740 shares in the last quarter. 40.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on AS. JPMorgan Chase & Co. lowered their price objective on Amer Sports from $53.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. Wall Street Zen cut shares of Amer Sports from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Citigroup reissued a “buy” rating on shares of Amer Sports in a report on Thursday, October 30th. UBS Group lifted their target price on shares of Amer Sports from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Finally, Bank of America boosted their target price 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. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $44.73.

Amer Sports Stock Down 0.1%

Shares of AS opened at $38.15 on Friday. The company’s 50-day moving average price is $33.92 and its 200 day moving average price is $36.14. Amer Sports, Inc. has a 12-month low of $20.21 and a 12-month high of $42.36. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.24. The firm has a market cap of $21.13 billion, a P/E ratio of 69.36, a price-to-earnings-growth ratio of 1.04 and a beta of 2.85.

Amer Sports (NYSE:AS) last announced its earnings results on Tuesday, November 18th. The company reported $0.33 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the firm posted $0.14 earnings per share. Amer Sports’s revenue was up 29.7% compared to the same quarter last year. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. On average, sell-side analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Amer Sports Company 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).