Annex Advisory Services LLC Takes $8.49 Million Position in Amer Sports, Inc. (NYSE:AS)

Annex Advisory Services LLC acquired a new stake in shares of Amer Sports, Inc. (NYSE:AS) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 317,654 shares of the company’s stock, valued at approximately $8,491,000. Annex Advisory Services LLC owned approximately 0.06% of Amer Sports as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Amer Sports by 2,965.3% during the first quarter. GAMMA Investing LLC now owns 59,528 shares of the company’s stock valued at $1,591,000 after acquiring an additional 57,586 shares in the last quarter. Mackenzie Financial Corp bought a new stake in shares of Amer Sports during the fourth quarter valued at approximately $819,000. Voloridge Investment Management LLC bought a new stake in shares of Amer Sports during the fourth quarter valued at approximately $18,641,000. Woodline Partners LP bought a new stake in shares of Amer Sports during the fourth quarter valued at approximately $14,135,000. Finally, Woodson Capital Management LP increased its holdings in shares of Amer Sports by 29.8% during the fourth quarter. Woodson Capital Management LP now owns 1,050,000 shares of the company’s stock valued at $29,358,000 after acquiring an additional 240,800 shares in the last quarter. Institutional investors own 40.25% of the company’s stock.

Amer Sports Stock Down 0.7%

Shares of NYSE AS opened at $37.20 on Thursday. Amer Sports, Inc. has a one year low of $10.11 and a one year high of $38.51. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. The business’s fifty day moving average price is $28.03 and its 200-day moving average price is $28.31. The stock has a market capitalization of $20.60 billion, a PE ratio of -265.70, a P/E/G ratio of 0.72 and a beta of 2.76.

Amer Sports (NYSE:AS) last issued its quarterly earnings results on Tuesday, May 20th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the firm earned $0.08 EPS. The business’s revenue for the quarter was up 24.5% compared to the same quarter last year. On average, equities research analysts anticipate that Amer Sports, Inc. will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AS shares. The Goldman Sachs Group upped their price target on Amer Sports from $28.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, May 21st. Morgan Stanley upped their price target on Amer Sports from $28.00 to $33.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 21st. UBS Group reiterated a “buy” rating and set a $50.00 price target (up previously from $37.00) on shares of Amer Sports in a report on Wednesday, May 21st. JPMorgan Chase & Co. upped their price target on Amer Sports from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, TD Securities boosted their price objective on Amer Sports from $30.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amer Sports presently has an average rating of “Moderate Buy” and a consensus price target of $36.67.

Amer Sports Profile

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.