EntryPoint Capital LLC Invests $556,000 in Amer Sports, Inc. (NYSE:AS)

EntryPoint Capital LLC purchased a new position in Amer Sports, Inc. (NYSE:AS) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 19,870 shares of the company’s stock, valued at approximately $556,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AS. FMR LLC raised its holdings in shares of Amer Sports by 71.2% during the third quarter. FMR LLC now owns 7,533,007 shares of the company’s stock valued at $120,151,000 after acquiring an additional 3,133,312 shares during the period. WT Asset Management Ltd lifted its holdings in shares of Amer Sports by 188.2% in the fourth quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company’s stock valued at $100,834,000 after purchasing an additional 2,355,182 shares in the last quarter. Trivest Advisors Ltd acquired a new stake in shares of Amer Sports in the fourth quarter worth $39,913,000. State Street Corp grew its stake in Amer Sports by 65.1% during the 3rd quarter. State Street Corp now owns 884,526 shares of the company’s stock valued at $14,108,000 after acquiring an additional 348,877 shares in the last quarter. Finally, Woodson Capital Management LP purchased a new position in Amer Sports during the third quarter valued at approximately $12,907,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Trading Up 1.6 %

Shares of Amer Sports stock opened at $29.35 on Tuesday. The company has a market cap of $16.26 billion and a price-to-earnings ratio of -209.66. Amer Sports, Inc. has a 1 year low of $10.11 and a 1 year high of $34.00. The company’s fifty day simple moving average is $29.78 and its 200-day simple moving average is $24.46. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58.

Amer Sports (NYSE:AS) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.60 billion. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. As a group, sell-side analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AS. Citigroup upped their price target on shares of Amer Sports from $24.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price target on Amer Sports from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Sanford C. Bernstein began coverage on Amer Sports in a report on Thursday, February 13th. They issued an “outperform” rating and a $38.00 price objective on the stock. Robert W. Baird lifted their target price on shares of Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, Morgan Stanley lifted their price objective on shares of Amer Sports from $19.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amer Sports currently has an average rating of “Moderate Buy” and an average target price of $32.64.

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.