Mitchell Capital Management Co. Has $3.22 Million Stake in Amer Sports, Inc. $AS

Mitchell Capital Management Co. boosted its stake in Amer Sports, Inc. (NYSE:AS) by 43.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,320 shares of the company’s stock after buying an additional 26,132 shares during the quarter. Mitchell Capital Management Co.’s holdings in Amer Sports were worth $3,224,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its stake in Amer Sports by 484.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock valued at $29,000 after buying an additional 703 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Amer Sports by 241.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock valued at $42,000 after buying an additional 848 shares in the last quarter. Smartleaf Asset Management LLC boosted 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 valued at $63,000 after buying an additional 1,011 shares in the last quarter. Global Retirement Partners LLC boosted its stake in Amer Sports by 5,600.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,824 shares of the company’s stock valued at $68,000 after buying an additional 1,792 shares in the last quarter. Finally, Persistent Asset Partners Ltd acquired a new stake in Amer Sports in the 3rd quarter valued at $99,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on AS. Robert W. Baird set a $51.00 price objective on Amer Sports in a research report on Wednesday, May 20th. Truist Financial lifted their price objective on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on Amer Sports in a research report on Wednesday, May 20th. UBS Group lifted their price objective on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Finally, Evercore lifted their price objective on Amer Sports from $50.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $48.19.

Insiders Place Their Bets

In other news, CEO Stuart Haselden sold 11,438 shares of the business’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $36.26, for a total transaction of $414,741.88. Following the completion of the sale, the chief executive officer owned 15,275 shares in the company, valued at $553,871.50. The trade was a 42.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew E. Page sold 105,230 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total value of $3,867,202.50. Following the sale, the chief financial officer owned 4,083 shares of the company’s stock, valued at approximately $150,050.25. The trade was a 96.26% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 132,355 shares of company stock valued at $4,823,875.

Amer Sports Trading Down 1.4%

Shares of AS opened at $35.55 on Friday. The stock has a fifty day moving average price of $34.58 and a two-hundred day moving average price of $36.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 1.66. Amer Sports, Inc. has a 52-week low of $28.92 and a 52-week high of $42.76. The company has a market cap of $19.69 billion, a price-to-earnings ratio of 44.44, a PEG ratio of 1.24 and a beta of 2.16.

Amer Sports (NYSE:AS) last issued its quarterly earnings data on Tuesday, May 19th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.07. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.84 billion. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The business’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. Analysts predict that Amer Sports, Inc. will post 1.22 EPS 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).