Navellier & Associates Inc. Acquires Shares of 121,387 Amer Sports, Inc. $AS

Navellier & Associates Inc. bought a new position in Amer Sports, Inc. (NYSE:AS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 121,387 shares of the company’s stock, valued at approximately $4,218,000.

A number of other large investors have also made changes to their positions in the company. Qube Research & Technologies Ltd boosted its stake in Amer Sports by 139.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 3,887,480 shares of the company’s stock worth $150,679,000 after purchasing an additional 2,267,066 shares during the period. Viking Global Investors LP lifted its holdings in shares of Amer Sports by 64.8% in the second quarter. Viking Global Investors LP now owns 3,880,649 shares of the company’s stock valued at $150,414,000 after purchasing an additional 1,526,314 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Amer Sports by 32.5% in the second quarter. Marshall Wace LLP now owns 3,747,775 shares of the company’s stock worth $145,264,000 after buying an additional 918,361 shares during the period. Scopus Asset Management L.P. purchased a new position in shares of Amer Sports during the second quarter valued at $108,562,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Amer Sports by 244.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,533,612 shares of the company’s stock valued at $98,203,000 after purchasing an additional 1,798,170 shares during the period. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Stock Up 5.3%

AS stock opened at $39.51 on Tuesday. The firm has a market cap of $21.88 billion, a PE ratio of 71.84, a PEG ratio of 0.74 and a beta of 2.86. Amer Sports, Inc. has a 1 year low of $20.21 and a 1 year high of $42.36. The company has a fifty day simple moving average of $37.63 and a 200 day simple moving average of $36.05. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.24.

Amer Sports (NYSE:AS) last issued its quarterly earnings data on Tuesday, November 18th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. Amer Sports had a return on equity of 8.51% and a net margin of 5.10%.The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the firm posted $0.14 EPS. The firm’s revenue for the quarter was up 29.7% on a year-over-year basis. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. Sell-side analysts anticipate that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

AS has been the subject of several research reports. Nomura set a $39.80 price target on shares of Amer Sports and gave the stock a “buy” rating in a report on Tuesday, November 18th. Wells Fargo & Company lifted their target price on shares of Amer Sports from $40.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Wall Street Zen downgraded shares of Amer Sports from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Evercore increased their price objective on Amer Sports from $43.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft set a $49.00 target price on Amer Sports in a research note on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Amer Sports has a consensus rating of “Buy” and a consensus target price of $46.06.

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).