Sterling Capital Management LLC Buys 20,497 Shares of Amer Sports, Inc. $AS

Sterling Capital Management LLC grew its stake in shares of Amer Sports, Inc. (NYSE:AS) by 232.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,322 shares of the company’s stock after acquiring an additional 20,497 shares during the quarter. Sterling Capital Management LLC’s holdings in Amer Sports were worth $965,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Aspex Management HK Ltd bought a new position in Amer Sports during the third quarter valued at approximately $206,244,000. Artisan Partners Limited Partnership grew its position in Amer Sports by 1,306.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock worth $194,759,000 after purchasing an additional 4,843,742 shares during the period. Scopus Asset Management L.P. purchased a new stake in Amer Sports during the 2nd quarter valued at $108,562,000. Viking Global Investors LP raised its stake in Amer Sports by 63.5% during the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock valued at $220,436,000 after buying an additional 2,462,832 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of Amer Sports during the 2nd quarter valued at $87,287,000. 40.25% of the stock is currently owned by institutional investors.

Amer Sports Trading Up 1.7%

NYSE:AS opened at $33.88 on Wednesday. Amer Sports, Inc. has a one year low of $28.92 and a one year high of $42.76. The business has a fifty day moving average price of $35.09 and a 200-day moving average price of $36.08. The firm has a market capitalization of $18.76 billion, a price-to-earnings ratio of 42.35, a price-to-earnings-growth ratio of 1.16 and a beta of 2.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.82.

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

Analysts Set New Price Targets

Several brokerages recently commented on AS. Robert W. Baird set a $51.00 price objective on Amer Sports in a report on Wednesday, May 20th. UBS Group increased their target price on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Truist Financial raised their target price on Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Weiss Ratings raised shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Amer Sports in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $48.70.

Insider Buying and Selling

In related news, CEO Stuart Haselden sold 215,275 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $35.57, for a total value of $7,657,331.75. Following the completion of the sale, the chief executive officer directly owned 215,275 shares of the company’s stock, valued at approximately $7,657,331.75. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jie (James) Zheng sold 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $34.42, for a total transaction of $17,210,000.00. Following the sale, the chief executive officer owned 1,262,385 shares in the company, valued at approximately $43,451,291.70. The trade was a 28.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 860,705 shares of company stock valued at $30,156,939 in the last 90 days.

About Amer Sports

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).