Woodson Capital Management LP Grows Position in Amer Sports, Inc. (NYSE:AS)

Woodson Capital Management LP increased its stake in Amer Sports, Inc. (NYSE:AS) by 29.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,050,000 shares of the company’s stock after buying an additional 240,800 shares during the period. Amer Sports comprises 4.8% of Woodson Capital Management LP’s investment portfolio, making the stock its 7th biggest holding. Woodson Capital Management LP’s holdings in Amer Sports were worth $29,358,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. West Branch Capital LLC raised its position in Amer Sports by 14,285.7% in the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock worth $28,000 after acquiring an additional 1,000 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Amer Sports during the 3rd quarter worth $25,000. Sterling Capital Management LLC grew its stake in shares of Amer Sports by 55.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,487 shares of the company’s stock worth $97,000 after acquiring an additional 1,250 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Amer Sports during the 4th quarter worth $104,000. Finally, Signaturefd LLC grew its stake in shares of Amer Sports by 35.0% during the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company’s stock worth $116,000 after acquiring an additional 1,073 shares during the period. Institutional investors own 40.25% of the company’s stock.

Wall Street Analysts Forecast Growth

AS has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on Amer Sports from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Wells Fargo & Company increased their price target on Amer Sports from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 14th. Morgan Stanley increased their price target on Amer Sports from $19.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group cut their price target on Amer Sports from $33.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Finally, UBS Group increased their price target on Amer Sports from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amer Sports currently has a consensus rating of “Moderate Buy” and an average price target of $31.55.

Amer Sports Stock Performance

NYSE:AS opened at $31.38 on Tuesday. The business’s 50-day moving average price is $25.87 and its two-hundred day moving average price is $26.94. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $34.00. The stock has a market cap of $17.38 billion, a P/E ratio of -224.13, a PEG ratio of 0.72 and a beta of 2.76. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58.

Amer Sports (NYSE:AS) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.60 billion. The business’s revenue was up 23.2% on a year-over-year basis. As a group, equities analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

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.