Towarzystwo Funduszy Inwestycyjnych PZU SA Takes Position in Amer Sports, Inc. $AS

Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in Amer Sports, Inc. (NYSE:AS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,450 shares of the company’s stock, valued at approximately $764,000.

A number of other large investors have also added to or reduced their stakes in the stock. Aspex Management HK Ltd increased its holdings in Amer Sports by 27.9% during the fourth quarter. Aspex Management HK Ltd now owns 7,593,627 shares of the company’s stock worth $283,622,000 after buying an additional 1,658,536 shares during the last quarter. Viking Global Investors LP increased its holdings in Amer Sports by 63.5% during the third quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock worth $220,436,000 after buying an additional 2,462,832 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Amer Sports by 57.5% during the third quarter. BNP Paribas Financial Markets now owns 3,991,563 shares of the company’s stock worth $138,707,000 after buying an additional 1,457,951 shares during the last quarter. Morgan Stanley increased its holdings in Amer Sports by 16.0% during the fourth quarter. Morgan Stanley now owns 3,707,204 shares of the company’s stock worth $138,464,000 after buying an additional 510,419 shares during the last quarter. Finally, Candlestick Capital Management LP increased its holdings in Amer Sports by 24.5% during the third quarter. Candlestick Capital Management LP now owns 3,568,381 shares of the company’s stock worth $124,001,000 after buying an additional 702,091 shares during the last quarter. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Amer Sports Price Performance

Shares of NYSE:AS opened at $35.43 on Monday. The company has a quick ratio of 0.82, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $19.62 billion, a PE ratio of 44.29, a P/E/G ratio of 1.23 and a beta of 2.05. Amer Sports, Inc. has a twelve month low of $28.92 and a twelve month high of $42.76. The company has a 50-day moving average price of $35.06 and a two-hundred day moving average price of $36.25.

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 analysts’ consensus estimates of $0.31 by $0.07. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.84 billion. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The company’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter last year, the business earned $0.27 earnings per share. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. Equities analysts forecast that Amer Sports, Inc. will post 1.22 EPS for the current year.

Insider Buying and Selling at Amer Sports

In other Amer Sports news, CEO Jie (James) Zheng sold 500,000 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $34.42, for a total transaction of $17,210,000.00. Following the completion of the transaction, the chief executive officer owned 1,262,385 shares in the company, valued at $43,451,291.70. This trade represents a 28.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Stuart Haselden sold 215,275 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $35.57, for a total transaction of $7,657,331.75. Following the transaction, the chief executive officer owned 215,275 shares of the company’s stock, valued at $7,657,331.75. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 860,705 shares of company stock worth $30,156,939 over the last ninety days.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. UBS Group raised their price objective on shares of Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Piper Sandler restated an “overweight” rating on shares of Amer Sports in a report on Friday, February 20th. Truist Financial raised their price objective on shares of Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Finally, Robert W. Baird set a $51.00 price objective on shares of Amer Sports in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Amer Sports has an average rating of “Buy” and a consensus target price of $48.19.

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).