Amer Sports, Inc. (NYSE:AS) Shares Bought by Fmr LLC

FMR LLC raised its position in Amer Sports, Inc. (NYSE:AS - Free Report) by 250.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,414,511 shares of the company's stock after purchasing an additional 18,881,504 shares during the quarter. FMR LLC owned 4.83% of Amer Sports worth $738,550,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in AS. BNP Paribas Financial Markets grew its stake in shares of Amer Sports by 734.8% in the third quarter. BNP Paribas Financial Markets now owns 80,760 shares of the company's stock valued at $1,288,000 after buying an additional 71,086 shares in the last quarter. Walleye Capital LLC acquired a new position in Amer Sports in the 3rd quarter valued at about $274,000. Verition Fund Management LLC purchased a new stake in Amer Sports during the third quarter worth about $301,000. Quarry LP acquired a new stake in shares of Amer Sports during the third quarter worth about $61,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of Amer Sports during the third quarter worth about $180,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AS shares. HSBC downgraded shares of Amer Sports from a "buy" rating to a "hold" rating and set a $30.00 target price on the stock. in a research note on Monday, December 16th. Morgan Stanley increased their price objective on Amer Sports from $19.00 to $27.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. Wells Fargo & Company lifted their target price on Amer Sports from $25.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Citigroup upped their price target on Amer Sports from $24.00 to $36.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group lifted their price objective on Amer Sports from $28.00 to $31.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $32.64.

Amer Sports Stock Up 0.6 %

Shares of NYSE AS traded up $0.13 during midday trading on Friday, hitting $22.17. 4,376,529 shares of the company's stock were exchanged, compared to its average volume of 2,464,525. The firm's fifty day simple moving average is $27.84 and its 200-day simple moving average is $25.53. The company has a market cap of $12.28 billion, a PE ratio of -158.31, a P/E/G ratio of 0.72 and a beta of 2.66. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $34.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77.

Amer Sports (NYSE:AS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The company's quarterly revenue was up 23.2% compared to the same quarter last year. Research analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Amer Sports Company Profile

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.