Junto Capital Management LP Has $104.89 Million Position in Amer Sports, Inc. $AS

Junto Capital Management LP grew its position in Amer Sports, Inc. (NYSE:AS) by 583.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,099,673 shares of the company’s stock after purchasing an additional 2,646,364 shares during the period. Amer Sports comprises about 1.8% of Junto Capital Management LP’s holdings, making the stock its 17th largest position. Junto Capital Management LP owned approximately 0.56% of Amer Sports worth $104,893,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC bought a new stake in shares of Amer Sports in the 1st quarter valued at approximately $565,000. Goldman Sachs Group Inc. raised its position in Amer Sports by 44.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company’s stock valued at $31,372,000 after acquiring an additional 358,536 shares in the last quarter. Legal & General Group Plc raised its position in Amer Sports by 103.2% during the second quarter. Legal & General Group Plc now owns 16,404 shares of the company’s stock valued at $636,000 after acquiring an additional 8,330 shares in the last quarter. American Century Companies Inc. acquired a new stake in Amer Sports in the second quarter valued at approximately $472,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Amer Sports by 276.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,364 shares of the company’s stock valued at $130,000 after acquiring an additional 2,470 shares during the last quarter. 40.25% of the stock is owned by hedge funds and other institutional investors.

Amer Sports Stock Down 3.2%

Shares of AS stock opened at $27.77 on Thursday. Amer Sports, Inc. has a 12 month low of $27.71 and a 12 month high of $42.76. The company has a quick ratio of 0.80, a current ratio of 1.76 and a debt-to-equity ratio of 0.11. The firm has a market cap of $15.38 billion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 0.92 and a beta of 1.99. The stock has a 50 day moving average of $33.49 and a 200-day moving average of $34.44.

Amer Sports (NYSE:AS) last announced its quarterly earnings data on Tuesday, August 18th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.11. Amer Sports had a net margin of 7.35% and a return on equity of 11.18%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company posted $0.03 earnings per share. Amer Sports’s quarterly revenue was up 32.1% on a year-over-year basis. Amer Sports has set its FY 2026 guidance at 1.270-1.300 EPS and its Q3 2026 guidance at 0.310-0.330 EPS. On average, equities analysts predict that Amer Sports, Inc. will post 1.29 EPS for the current year.

Insider Transactions at Amer Sports

In other Amer Sports news, CFO Andrew Page sold 2,022 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $28.63, for a total value of $57,889.86. Following the sale, the chief financial officer directly owned 6,575 shares in the company, valued at $188,242.25. This trade represents a 23.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Analyst Upgrades and Downgrades

AS has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Amer Sports in a research note on Wednesday, August 19th. Piper Sandler reaffirmed an “overweight” rating on shares of Amer Sports in a research note on Wednesday, August 19th. BMO Capital Markets initiated coverage on shares of Amer Sports in a report on Tuesday. They issued an “outperform” rating and a $38.00 price objective for the company. UBS Group reissued a “buy” rating on shares of Amer Sports in a research report on Wednesday, August 19th. Finally, JPMorgan Chase & Co. raised their target price on Amer Sports from $59.00 to $64.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $48.34.

About Amer Sports

Amer Sports, Inc (NYSE: AS) is a global sporting goods company that designs, manufactures and markets equipment, apparel, footwear and accessories for outdoor, action sports and team sports. Its products are sold through wholesale partners, company-operated stores and digital channels across North America, Europe, Asia and other international markets.

The company’s brand portfolio includes Arc’teryx, which focuses on premium outdoor apparel and equipment; Salomon, known for mountain sports footwear and equipment; Wilson, which serves tennis, pickleball, baseball, basketball and other team sports; Atomic, which specializes in skiing products; and Peak Performance and Armada, which offer outdoor and winter sports apparel and equipment.

Amer Sports traces its origins to 1950 in Finland, where it was established as Amer-Yhtymä before developing into a diversified sporting goods group.