AGF Management Ltd. Acquires 23,891 Shares of Amer Sports, Inc. $AS

AGF Management Ltd. lifted its holdings in Amer Sports, Inc. (NYSE:AS) by 13.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 199,921 shares of the company’s stock after buying an additional 23,891 shares during the quarter. AGF Management Ltd.’s holdings in Amer Sports were worth $6,947,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in AS. SBI Securities Co. Ltd. boosted its stake 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 buying an additional 533 shares during the last quarter. Financial Consulate Inc. bought a new position in shares of Amer Sports in the third quarter valued at about $40,000. Pacer Advisors Inc. bought a new position in shares of Amer Sports during the third quarter worth approximately $44,000. Smartleaf Asset Management LLC raised its stake in Amer Sports by 174.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock worth $63,000 after purchasing an additional 1,011 shares in the last quarter. Finally, Hollencrest Capital Management bought a new position in Amer Sports during the 2nd quarter worth $102,000. Institutional investors own 40.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AS. Deutsche Bank Aktiengesellschaft set a $49.00 price target on Amer Sports in a report on Thursday, January 8th. Wall Street Zen cut Amer Sports from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Wells Fargo & Company boosted their price target on Amer Sports from $40.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Evercore ISI raised their price objective on shares of Amer Sports from $43.00 to $46.00 and gave the company an “outperform” rating in a report on Wednesday, November 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amer Sports in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $46.06.

Amer Sports Stock Up 3.6%

AS opened at $37.96 on Tuesday. The company’s 50-day moving average price is $37.62 and its two-hundred day moving average price is $36.08. Amer Sports, Inc. has a twelve month low of $20.21 and a twelve month high of $42.36. The stock has a market cap of $21.02 billion, a price-to-earnings ratio of 69.02, a PEG ratio of 0.73 and a beta of 2.86. The company has a quick ratio of 0.70, a current ratio of 1.51 and a debt-to-equity ratio of 0.24.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, November 18th. The company reported $0.33 earnings per share (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 company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was up 29.7% compared to the same quarter last year. Amer Sports has set its FY 2025 guidance at 0.880-0.920 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).