Creative Planning Invests $656,000 in Amer Sports, Inc. (NYSE:AS)

Creative Planning acquired a new position in Amer Sports, Inc. (NYSE:AS - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 41,125 shares of the company's stock, valued at approximately $656,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC bought a new stake in Amer Sports in the 3rd quarter valued at $73,000. Dnca Finance bought a new stake in shares of Amer Sports in the second quarter worth about $81,000. Amalgamated Bank bought a new stake in shares of Amer Sports in the second quarter worth about $83,000. Artemis Investment Management LLP purchased a new stake in shares of Amer Sports in the third quarter worth about $293,000. Finally, Summit Securities Group LLC bought a new position in Amer Sports during the second quarter valued at approximately $297,000. 40.25% of the stock is currently owned by institutional investors.

Amer Sports Price Performance

AS traded up $0.89 during trading on Monday, reaching $18.71. 2,220,570 shares of the company's stock were exchanged, compared to its average volume of 1,668,175. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.87. Amer Sports, Inc. has a 1 year low of $10.11 and a 1 year high of $19.73. The company's fifty day simple moving average is $16.23 and its 200-day simple moving average is $14.37.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 20th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.11. The company had revenue of $993.80 million during the quarter, compared to the consensus estimate of $947.59 million. Amer Sports had a negative return on equity of 0.63% and a negative net margin of 2.79%. The firm's revenue was up 16.0% compared to the same quarter last year. Analysts anticipate that Amer Sports, Inc. will post 0.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AS has been the subject of several research reports. The Goldman Sachs Group increased their price objective on shares of Amer Sports from $19.00 to $21.00 and gave the company a "buy" rating in a research report on Monday, October 21st. TD Cowen lifted their price target on Amer Sports from $17.00 to $21.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Nomura Securities upgraded Amer Sports to a "strong-buy" rating in a research report on Tuesday, September 24th. Evercore ISI reaffirmed an "outperform" rating and issued a $21.00 price objective on shares of Amer Sports in a research note on Wednesday, August 21st. Finally, UBS Group boosted their target price on Amer Sports from $17.00 to $19.00 and gave the company a "buy" rating in a research report on Wednesday, August 21st. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Amer Sports currently has a consensus rating of "Moderate Buy" and an average target price of $18.86.

About Amer Sports

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.