Divisadero Street Capital Management LP Acquires 113,533 Shares of Amer Sports, Inc. $AS

Divisadero Street Capital Management LP boosted its holdings in Amer Sports, Inc. (NYSE:AS) by 37.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 413,533 shares of the company’s stock after purchasing an additional 113,533 shares during the period. Divisadero Street Capital Management LP owned about 0.07% of Amer Sports worth $14,370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. lifted its position 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 in the last quarter. Financial Consulate Inc. bought a new position in shares of Amer Sports in the 3rd quarter valued at about $40,000. PNC Financial Services Group Inc. grew its holdings in shares of Amer Sports by 241.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock valued at $42,000 after acquiring an additional 848 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Amer Sports in the third quarter valued at about $44,000. Finally, Smartleaf Asset Management LLC raised its holdings in Amer Sports by 174.3% during the second quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock worth $63,000 after acquiring an additional 1,011 shares in the last quarter. Institutional investors own 40.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on AS shares. Nomura set a $39.80 price target on Amer Sports and gave the company a “buy” rating in a research report on Tuesday, November 18th. Wells Fargo & Company upped their price objective on Amer Sports from $40.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Barclays initiated coverage on Amer Sports in a report on Tuesday, December 9th. They issued an “overweight” rating and a $49.00 price objective for the company. Zacks Research downgraded shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amer Sports in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Amer Sports currently has a consensus rating of “Buy” and a consensus price target of $47.12.

Amer Sports Stock Performance

AS opened at $32.32 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.50 and a debt-to-equity ratio of 0.25. Amer Sports, Inc. has a 12-month low of $20.21 and a 12-month high of $42.76. The business has a 50 day moving average of $37.53 and a 200-day moving average of $35.94. The stock has a market cap of $17.90 billion, a price-to-earnings ratio of 43.10, a PEG ratio of 1.29 and a beta of 2.80.

Amer Sports (NYSE:AS) last posted its earnings results on Tuesday, February 24th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. Amer Sports had a return on equity of 9.74% and a net margin of 6.51%.The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the firm earned $0.17 EPS. The firm’s revenue was up 28.5% compared to the same quarter last year. 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. On average, equities research analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

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).