AGF Management Ltd. Purchases 23,891 Shares of Amer Sports, Inc. $AS

AGF Management Ltd. grew its holdings in Amer Sports, Inc. (NYSE:AS) by 13.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 199,921 shares of the company’s stock after buying an additional 23,891 shares during the quarter. AGF Management Ltd.’s holdings in Amer Sports were worth $6,947,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. SBI Securities Co. Ltd. boosted its holdings in Amer Sports by 146.4% during 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. Financial Consulate Inc. bought a new position in shares of Amer Sports in the third quarter valued at approximately $40,000. Pacer Advisors Inc. acquired a new position in Amer Sports in the third quarter worth $44,000. Smartleaf Asset Management LLC raised its holdings 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 buying an additional 1,011 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new position in Amer Sports during the 2nd quarter worth about $102,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Amer Sports Stock Performance

Shares of AS stock opened at $37.96 on Tuesday. The stock has a market cap of $21.02 billion, a PE ratio of 69.02, a price-to-earnings-growth ratio of 0.73 and a beta of 2.86. The stock has a 50-day moving average of $37.62 and a 200-day moving average of $36.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.51 and a quick ratio of 0.70. Amer Sports, Inc. has a one year low of $20.21 and a one year high of $42.36.

Amer Sports (NYSE:AS) last issued its quarterly earnings data on Tuesday, November 18th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. Amer Sports had a net margin of 5.10% and a return on equity of 8.51%. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the company earned $0.14 earnings per share. The business’s revenue for the quarter 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, sell-side analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

AS has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $49.00 price objective on shares of Amer Sports in a research report on Thursday, January 8th. Wall Street Zen downgraded Amer Sports from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. JPMorgan Chase & Co. decreased their price target on Amer Sports from $53.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, November 17th. Citigroup reiterated a “buy” rating on shares of Amer Sports in a research report on Thursday, October 30th. Finally, UBS Group upped their target price on shares of Amer Sports from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $46.06.

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).