Interval Partners LP Decreases Position in Amer Sports, Inc. $AS

Interval Partners LP lowered its stake in shares of Amer Sports, Inc. (NYSE:AS) by 35.8% in the 4th quarter, HoldingsChannel reports. The firm owned 1,337,576 shares of the company’s stock after selling 747,193 shares during the quarter. Amer Sports accounts for 0.9% of Interval Partners LP’s portfolio, making the stock its 22nd biggest position. Interval Partners LP’s holdings in Amer Sports were worth $49,958,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Aspex Management HK Ltd purchased a new position in Amer Sports in the 3rd quarter valued at approximately $206,244,000. JPMorgan Chase & Co. lifted its holdings in shares of Amer Sports by 9.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 684,783 shares of the company’s stock worth $23,796,000 after acquiring an additional 58,350 shares during the last quarter. Polar Asset Management Partners Inc. bought a new stake in shares of Amer Sports during the 3rd quarter worth $2,519,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Amer Sports by 130.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,015,491 shares of the company’s stock worth $112,629,000 after acquiring an additional 1,705,944 shares during the last quarter. Finally, Wakefield Asset Management LLLP bought a new stake in shares of Amer Sports during the 4th quarter worth $3,927,000. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Amer Sports Stock Performance

NYSE:AS opened at $35.09 on Thursday. The company has a current ratio of 1.66, a quick ratio of 0.82 and a debt-to-equity ratio of 0.10. Amer Sports, Inc. has a 12-month low of $28.92 and a 12-month high of $42.76. The stock has a 50-day moving average price of $35.18 and a 200 day moving average price of $36.22. The stock has a market capitalization of $19.43 billion, a P/E ratio of 43.86, a P/E/G ratio of 1.24 and a beta of 2.05.

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

Insider Activity

In related news, CEO Jie (James) Zheng sold 500,000 shares of Amer Sports 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Andrew E. Page sold 105,230 shares of Amer Sports stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $36.75, for a total transaction of $3,867,202.50. Following the sale, the chief financial officer owned 4,083 shares of the company’s stock, valued at $150,050.25. The trade was a 96.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 860,705 shares of company stock worth $30,156,939.

Analysts Set New Price Targets

Several analysts have weighed in on AS shares. Deutsche Bank Aktiengesellschaft set a $52.00 price target on shares of Amer Sports in a research note on Wednesday, May 20th. Robert W. Baird set a $51.00 price target on shares of Amer Sports in a research report on Wednesday, May 20th. Weiss Ratings upgraded shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. Piper Sandler restated an “overweight” rating on shares of Amer Sports in a report on Friday, February 20th. Finally, Truist Financial upped 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. Two equities research 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 company’s stock. According to data from MarketBeat, Amer Sports presently has an average rating of “Buy” and an average price target 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).