SG Americas Securities LLC Boosts Holdings in Amer Sports, Inc. $AS

SG Americas Securities LLC raised its position in Amer Sports, Inc. (NYSE:AS) by 95.2% in the 1st quarter, Holdings Channel reports. The firm owned 530,550 shares of the company’s stock after buying an additional 258,714 shares during the quarter. SG Americas Securities LLC’s holdings in Amer Sports were worth $17,466,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its holdings in shares of Amer Sports by 1,030.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock valued at $30,000 after acquiring an additional 742 shares in the last quarter. Invesco Ltd. raised its stake in Amer Sports by 19.6% in the fourth quarter. Invesco Ltd. now owns 232,193 shares of the company’s stock valued at $8,672,000 after purchasing an additional 37,988 shares in the last quarter. Owlhouse Capital LP bought a new stake in Amer Sports during the fourth quarter valued at approximately $4,799,000. Vident Advisory LLC lifted its position in Amer Sports by 14.5% during the fourth quarter. Vident Advisory LLC now owns 798,441 shares of the company’s stock valued at $29,822,000 after purchasing an additional 101,343 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in Amer Sports in the 4th quarter worth approximately $694,000. 40.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AS shares. UBS Group increased their price target on shares of Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Weiss Ratings upgraded shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. Truist Financial increased their target price on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Robert W. Baird set a $51.00 price target on Amer Sports in a research note on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft set a $52.00 price objective on Amer Sports in a research report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $48.70.

Insider Buying and Selling

In other news, CFO Andrew E. Page sold 105,230 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total value of $3,867,202.50. Following the completion of the sale, the chief financial officer owned 4,083 shares of the company’s stock, valued at approximately $150,050.25. The trade was a 96.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Wen-Chang (Victor) Chen sold 13,075 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $35.62, for a total value of $465,731.50. Following the sale, the insider owned 149,821 shares of the company’s stock, valued at $5,336,624.02. This represents a 8.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 860,705 shares of company stock valued at $30,156,939 over the last three months.

Amer Sports Price Performance

Shares of Amer Sports stock opened at $34.15 on Friday. Amer Sports, Inc. has a 52-week low of $28.92 and a 52-week high of $42.76. The stock has a market capitalization of $18.91 billion, a price-to-earnings ratio of 42.69, a price-to-earnings-growth ratio of 1.22 and a beta of 2.05. The company has a fifty day moving average of $35.25 and a 200-day moving average of $36.18. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 1.66.

Amer Sports (NYSE:AS) last issued its earnings results on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The firm’s revenue was up 32.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 EPS. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. Equities research analysts expect that Amer Sports, Inc. will post 1.22 EPS for the current 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).