Amer Sports, Inc. $AS Position Raised by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund boosted its position in Amer Sports, Inc. (NYSE:AS) by 23.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,870 shares of the company’s stock after purchasing an additional 13,766 shares during the period. Illinois Municipal Retirement Fund’s holdings in Amer Sports were worth $2,497,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AS. Mitchell Capital Management Co. boosted its stake in Amer Sports by 1.3% during the third quarter. Mitchell Capital Management Co. now owns 60,188 shares of the company’s stock valued at $2,092,000 after buying an additional 799 shares in the last quarter. ING Groep NV boosted its position in shares of Amer Sports by 35.5% during the 3rd quarter. ING Groep NV now owns 1,734,300 shares of the company’s stock valued at $60,267,000 after purchasing an additional 454,600 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Amer Sports by 3.2% in the 3rd quarter. Rhumbline Advisers now owns 127,536 shares of the company’s stock worth $4,432,000 after purchasing an additional 3,968 shares during the last quarter. Navellier & Associates Inc. acquired a new stake in Amer Sports during the third quarter valued at approximately $4,218,000. Finally, WCM Investment Management LLC lifted its stake in Amer Sports by 2.6% during the third quarter. WCM Investment Management LLC now owns 144,145 shares of the company’s stock valued at $4,989,000 after purchasing an additional 3,590 shares during the last quarter. Institutional investors own 40.25% of the company’s stock.

Analyst Upgrades and Downgrades

AS has been the subject of a number of recent research reports. Truist Financial set a $46.00 price objective on Amer Sports in a research report on Wednesday, January 14th. Wall Street Zen downgraded Amer Sports from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Zacks Research cut Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Barclays initiated coverage on shares of Amer Sports in a research note on Tuesday, December 9th. They set an “overweight” rating and a $49.00 price objective for the company. Finally, UBS Group lifted their target price on shares of Amer Sports from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $46.65.

Amer Sports Stock Performance

Shares of AS opened at $39.76 on Monday. Amer Sports, Inc. has a 52 week low of $20.21 and a 52 week high of $42.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.70 and a current ratio of 1.51. The company has a market capitalization of $22.02 billion, a PE ratio of 72.28, a PEG ratio of 0.79 and a beta of 2.86. The company’s 50 day moving average price is $37.88 and its 200 day moving average price is $36.08.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, November 18th. The company reported $0.33 EPS for the quarter, beating 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 business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the company posted $0.14 EPS. Amer Sports’s revenue was up 29.7% on a year-over-year basis. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. Research analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current fiscal 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).