Tabor Asset Management LP Buys 19,994 Shares of Amer Sports, Inc. $AS

Tabor Asset Management LP raised its stake in shares of Amer Sports, Inc. (NYSE:AS) by 15.1% in the third quarter, Holdings Channel reports. The fund owned 152,359 shares of the company’s stock after acquiring an additional 19,994 shares during the period. Amer Sports comprises approximately 3.2% of Tabor Asset Management LP’s holdings, making the stock its 13th biggest position. Tabor Asset Management LP’s holdings in Amer Sports were worth $5,294,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. increased its position in shares of 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 purchasing an additional 533 shares in the last quarter. Financial Consulate Inc. acquired a new stake in shares of Amer Sports during the third quarter worth approximately $40,000. PNC Financial Services Group Inc. raised its stake in shares of Amer Sports by 241.6% in the third 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 during the last quarter. Pacer Advisors Inc. acquired a new position in shares of Amer Sports in the 3rd quarter worth approximately $44,000. Finally, Smartleaf Asset Management LLC increased its holdings in Amer Sports by 174.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock valued at $63,000 after purchasing an additional 1,011 shares in the last quarter. Institutional investors own 40.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Nomura set a $39.80 price objective on Amer Sports and gave the stock a “buy” rating in a research note on Tuesday, November 18th. UBS Group raised their price target on shares of Amer Sports from $58.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Zacks Research downgraded Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Truist Financial set a $49.00 price objective on Amer Sports in a report on Wednesday, February 25th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a research report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Amer Sports presently has an average rating of “Buy” and a consensus price target of $47.12.

Amer Sports Stock Up 0.3%

NYSE:AS opened at $34.09 on Tuesday. Amer Sports, Inc. has a 1 year low of $20.21 and a 1 year high of $42.76. The stock has a 50-day moving average price of $37.87 and a two-hundred day moving average price of $36.16. The stock has a market cap of $18.88 billion, a price-to-earnings ratio of 45.46, a PEG ratio of 1.35 and a beta of 2.80. The company has a current ratio of 1.50, a quick ratio of 0.76 and a debt-to-equity ratio of 0.25.

Amer Sports (NYSE:AS) last issued its quarterly earnings data 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 business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the firm earned $0.17 EPS. Amer Sports’s quarterly 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. As a group, equities analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Amer Sports Company 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).