BNP Paribas Financial Markets Purchases 71,086 Shares of Amer Sports, Inc. (NYSE:AS)

BNP Paribas Financial Markets increased its stake in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 734.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,760 shares of the company's stock after purchasing an additional 71,086 shares during the quarter. BNP Paribas Financial Markets' holdings in Amer Sports were worth $1,288,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC acquired a new stake in shares of Amer Sports in the 3rd quarter valued at $49,000. CWM LLC bought a new stake in shares of Amer Sports during the 3rd quarter worth about $73,000. Amalgamated Bank bought a new stake in shares of Amer Sports during the 2nd quarter worth about $83,000. Sei Investments Co. increased its holdings in shares of Amer Sports by 23.1% during the 2nd quarter. Sei Investments Co. now owns 73,141 shares of the company's stock valued at $919,000 after acquiring an additional 13,748 shares during the last quarter. Finally, Artemis Investment Management LLP bought a new position in shares of Amer Sports in the 3rd quarter valued at approximately $293,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

Amer Sports Stock Down 0.6 %

NYSE:AS traded down $0.15 on Tuesday, hitting $25.64. 2,893,838 shares of the company's stock were exchanged, compared to its average volume of 1,893,554. The company has a market cap of $14.01 billion and a P/E ratio of -183.13. The firm has a 50-day moving average price of $20.58 and a 200-day moving average price of $15.87. 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, Inc. has a 52 week low of $10.11 and a 52 week high of $26.85.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Amer Sports from $19.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 20th. Robert W. Baird raised their price target on Amer Sports from $24.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday. JPMorgan Chase & Co. boosted their price objective on Amer Sports from $19.00 to $26.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. Nomura Securities raised Amer Sports to a "strong-buy" rating in a report on Tuesday, September 24th. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $26.00 price target (up from $25.00) on shares of Amer Sports in a research report on Wednesday, November 20th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amer Sports presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.79.

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.