Wealth High Governance Capital Ltda Buys 132,925 Shares of Amer Sports, Inc. $AS

Wealth High Governance Capital Ltda boosted its position in shares of Amer Sports, Inc. (NYSE:AS) by 170.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 210,873 shares of the company’s stock after acquiring an additional 132,925 shares during the quarter. Amer Sports makes up approximately 2.1% of Wealth High Governance Capital Ltda’s holdings, making the stock its 23rd biggest holding. Wealth High Governance Capital Ltda’s holdings in Amer Sports were worth $6,942,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its stake in Amer Sports by 84.3% in the first quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock worth $25,000 after acquiring an additional 348 shares during the period. Federation des caisses Desjardins du Quebec lifted its position in Amer Sports by 10.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,466 shares of the company’s stock valued at $167,000 after acquiring an additional 405 shares during the period. Choreo LLC lifted its holdings in shares of Amer Sports by 4.9% during the fourth quarter. Choreo LLC now owns 9,387 shares of the company’s stock valued at $354,000 after purchasing an additional 437 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Amer Sports by 1.1% in the third quarter. Mackenzie Financial Corp now owns 48,745 shares of the company’s stock worth $1,694,000 after acquiring an additional 540 shares in the last quarter. Finally, Moore Capital Management LP boosted its stake in Amer Sports by 3.6% in the 4th quarter. Moore Capital Management LP now owns 18,572 shares of the company’s stock worth $694,000 after purchasing an additional 651 shares in the last quarter. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Amer Sports Price Performance

NYSE:AS opened at $35.61 on Monday. The firm has a market capitalization of $19.72 billion, a price-to-earnings ratio of 44.52, a PEG ratio of 1.24 and a beta of 2.05. The business has a 50 day simple moving average of $35.07 and a 200-day simple moving average of $35.56. Amer Sports, Inc. has a 1 year low of $28.92 and a 1 year high of $42.76. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.82.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.31 by $0.07. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the firm earned $0.27 earnings per share. Amer Sports’s quarterly revenue was up 32.1% compared to the same quarter last year. 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.

Insiders Place Their Bets

In other Amer Sports news, CEO Jie (James) Zheng sold 500,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $34.42, for a total value of $17,210,000.00. Following the completion of the sale, the chief executive officer directly owned 1,262,385 shares of the company’s stock, valued at $43,451,291.70. The trade was a 28.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew E. Page sold 105,230 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $36.75, for a total value of $3,867,202.50. Following the completion of 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. The disclosure for this sale is available in the SEC filing. Insiders have sold 833,580 shares of company stock worth $29,200,266 in the last 90 days.

Wall Street Analysts Forecast Growth

AS has been the topic of several analyst reports. Truist Financial upped their price objective on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Amer Sports in a research note on Friday, July 24th. Piper Sandler reiterated an “overweight” rating and set a $45.00 target price on shares of Amer Sports in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft set a $52.00 price target on shares of Amer Sports in a report on Wednesday, May 20th. Finally, Robert W. Baird set a $51.00 price objective on Amer Sports in a research report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Amer Sports has a consensus rating of “Buy” and a consensus price target of $48.70.

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).