Artisan Partners Limited Partnership Takes Position in Amer Sports, Inc. $AS

Artisan Partners Limited Partnership acquired a new stake in Amer Sports, Inc. (NYSE:AS) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 370,697 shares of the company’s stock, valued at approximately $12,882,000. Artisan Partners Limited Partnership owned 0.07% of Amer Sports as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. AQR Capital Management LLC bought a new position in Amer Sports in the first quarter valued at approximately $565,000. Goldman Sachs Group Inc. raised its holdings in shares of Amer Sports by 44.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company’s stock worth $31,372,000 after acquiring an additional 358,536 shares during the period. Amalgamated Bank raised its holdings in shares of Amer Sports by 135.3% during the second quarter. Amalgamated Bank now owns 7,651 shares of the company’s stock worth $297,000 after acquiring an additional 4,400 shares during the period. Eleva Capital SAS bought a new stake in Amer Sports in the 2nd quarter valued at $3,942,000. Finally, Machina Capital S.A.S. boosted its stake in Amer Sports by 386.2% in the 2nd quarter. Machina Capital S.A.S. now owns 68,403 shares of the company’s stock worth $2,651,000 after purchasing an additional 54,335 shares during the period. 40.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AS shares. Zacks Research downgraded Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a report on Friday, February 20th. JPMorgan Chase & Co. cut their target price on Amer Sports from $53.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. Deutsche Bank Aktiengesellschaft set a $49.00 price target on Amer Sports in a research report on Thursday, January 8th. Finally, Evercore lifted their price objective on shares of Amer Sports from $50.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $47.12.

Amer Sports Trading Down 2.2%

NYSE AS opened at $37.84 on Friday. Amer Sports, Inc. has a 12 month low of $20.21 and a 12 month high of $42.76. The company has a current ratio of 1.50, a quick ratio of 0.70 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average of $38.13 and a 200-day moving average of $36.25. The company has a market cap of $20.96 billion, a PE ratio of 50.45, a PEG ratio of 1.51 and a beta of 2.86.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $1.99 billion. Amer Sports had a net margin of 6.51% and a return on equity of 9.74%. The company’s quarterly revenue was up 28.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 earnings per share. Amer Sports has set its FY 2026 guidance at 1.100-1.150 EPS and its Q1 2026 guidance at 0.280-0.300 EPS. On average, equities research analysts anticipate that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

About Amer Sports

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).