Maplelane Capital LLC Acquires Shares of 39,233 Amer Sports, Inc. $AS

Maplelane Capital LLC bought a new position in Amer Sports, Inc. (NYSE:AS) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 39,233 shares of the company’s stock, valued at approximately $1,292,000.

Several other institutional investors and hedge funds have also made changes to their positions in AS. Artisan Partners Limited Partnership grew its position in shares of Amer Sports by 1,306.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock valued at $194,759,000 after purchasing an additional 4,843,742 shares in the last quarter. Scopus Asset Management L.P. acquired a new stake in shares of Amer Sports in the second quarter valued at approximately $108,562,000. Viking Global Investors LP lifted its position in Amer Sports by 63.5% during the third quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock worth $220,436,000 after buying an additional 2,462,832 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in Amer Sports during the second quarter worth approximately $87,287,000. Finally, Squarepoint Ops LLC boosted its stake in Amer Sports by 5,847.1% during the fourth quarter. Squarepoint Ops LLC now owns 1,986,102 shares of the company’s stock worth $74,181,000 after buying an additional 1,952,706 shares during the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Amer Sports Trading Up 2.2%

AS opened at $34.02 on Friday. The stock has a market capitalization of $18.84 billion, a PE ratio of 42.53, a P/E/G ratio of 1.16 and a beta of 2.07. Amer Sports, Inc. has a one year low of $28.92 and a one year high of $42.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 1.66. The business’s 50 day moving average price is $34.94 and its 200 day moving average price is $35.67.

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

Analysts Set New Price Targets

Several brokerages have issued reports on AS. Truist Financial upped their target price on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. UBS Group boosted their price target on shares of Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Robert W. Baird set a $51.00 price objective on shares of Amer Sports in a report on Wednesday, May 20th. Weiss Ratings raised shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Amer Sports in a research report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $48.98.

Insiders Place Their Bets

In related news, CEO Jie (James) Zheng sold 500,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $34.42, for a total value of $17,210,000.00. Following the sale, the chief executive officer directly owned 1,262,385 shares in the company, valued at approximately $43,451,291.70. The trade was a 28.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stuart Haselden sold 215,275 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $35.57, for a total transaction of $7,657,331.75. Following the completion of the transaction, the chief executive officer directly owned 215,275 shares in the company, valued at $7,657,331.75. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 833,580 shares of company stock valued at $29,200,266.

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).