Brown Advisory Inc. Boosts Stake in Amer Sports, Inc. $AS

Brown Advisory Inc. boosted its stake in Amer Sports, Inc. (NYSE:AS) by 5.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,372,726 shares of the company’s stock after buying an additional 172,518 shares during the quarter. Brown Advisory Inc.’s holdings in Amer Sports were worth $125,971,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aspex Management HK Ltd purchased a new stake in Amer Sports in the 3rd quarter valued at approximately $206,244,000. JPMorgan Chase & Co. lifted its stake in Amer Sports by 9.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 684,783 shares of the company’s stock valued at $23,796,000 after buying an additional 58,350 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new stake in Amer Sports in the 3rd quarter valued at approximately $2,519,000. Massachusetts Financial Services Co. MA lifted its stake in Amer Sports by 130.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,015,491 shares of the company’s stock valued at $112,629,000 after buying an additional 1,705,944 shares in the last quarter. Finally, WT Asset Management Ltd lifted its stake in Amer Sports by 221.5% in the 3rd quarter. WT Asset Management Ltd now owns 3,499,062 shares of the company’s stock valued at $121,592,000 after buying an additional 2,410,861 shares in the last quarter. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Insider Transactions at Amer Sports

In related news, CEO Stuart Haselden sold 215,275 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $35.57, for a total value of $7,657,331.75. Following the transaction, the chief executive officer directly owned 215,275 shares of the company’s stock, valued at approximately $7,657,331.75. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Wen-Chang (Victor) Chen sold 13,075 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $35.62, for a total value of $465,731.50. Following the completion of the transaction, the insider directly owned 149,821 shares in the company, valued at $5,336,624.02. This trade represents a 8.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 860,705 shares of company stock valued at $30,156,939.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Truist Financial upped their target price on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Weiss Ratings raised Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, April 27th. UBS Group increased their price target on Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 price target on Amer Sports in a research note on Wednesday, May 20th. Finally, Evercore increased their price target on Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $48.19.

Amer Sports Trading Down 0.5%

Shares of AS opened at $35.43 on Friday. The company has a current ratio of 1.66, a quick ratio of 0.82 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $19.62 billion, a P/E ratio of 44.29, a price-to-earnings-growth ratio of 1.23 and a beta of 2.05. The stock’s fifty day simple moving average is $35.06 and its 200 day simple moving average is $36.24. Amer Sports, Inc. has a twelve month low of $28.92 and a twelve month high of $42.76.

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

Amer Sports Company 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).