JPMorgan Chase & Co. Acquires 58,350 Shares of Amer Sports, Inc. $AS

JPMorgan Chase & Co. lifted its holdings in Amer Sports, Inc. (NYSE:AS) by 9.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 684,783 shares of the company’s stock after buying an additional 58,350 shares during the quarter. JPMorgan Chase & Co.’s holdings in Amer Sports were worth $23,796,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. increased its stake in shares of 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 stake in shares of Amer Sports in the 3rd quarter worth approximately $40,000. PNC Financial Services Group Inc. grew its stake 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 worth $42,000 after buying an additional 848 shares during the last quarter. Pacer Advisors Inc. bought a new position in Amer Sports during the 3rd quarter valued at approximately $44,000. Finally, Smartleaf Asset Management LLC raised its stake in Amer Sports by 174.3% during 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. 40.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on AS. JPMorgan Chase & Co. cut their target price on Amer Sports from $53.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. Piper Sandler reaffirmed an “overweight” rating on shares of Amer Sports in a research report on Friday, February 20th. Barclays assumed coverage on Amer Sports in a research report on Tuesday, December 9th. They issued an “overweight” rating and a $49.00 target price for the company. Wells Fargo & Company raised their price target on shares of Amer Sports from $40.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Finally, Truist Financial set a $49.00 price objective on Amer Sports in a research note on Wednesday. Two 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, the stock has an average rating of “Buy” and an average price target of $47.12.

Amer Sports Price Performance

Shares of Amer Sports stock opened at $37.84 on Monday. The company has a market capitalization of $20.96 billion, a price-to-earnings ratio of 50.45, a PEG ratio of 1.51 and a beta of 2.86. The company has a quick ratio of 0.76, a current ratio of 1.50 and a debt-to-equity ratio of 0.25. The stock’s 50-day simple moving average is $38.13 and its 200-day simple moving average is $36.22. Amer Sports, Inc. has a 52 week low of $20.21 and a 52 week high of $42.76.

Amer Sports (NYSE:AS) last issued its earnings results on Tuesday, February 24th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. Amer Sports had a return on equity of 9.74% and a net margin of 6.51%.The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the company earned $0.17 EPS. The firm’s quarterly revenue was up 28.5% on a year-over-year basis. 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. As a group, analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal 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).