Amer Sports, Inc. $AS Shares Acquired by Armistice Capital LLC

Armistice Capital LLC grew its position in Amer Sports, Inc. (NYSE:AS) by 11.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 185,207 shares of the company’s stock after acquiring an additional 18,605 shares during the quarter. Armistice Capital LLC’s holdings in Amer Sports were worth $6,917,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AS. Aspex Management HK Ltd acquired a new stake in shares of Amer Sports in the third quarter valued at approximately $206,244,000. Artisan Partners Limited Partnership boosted its holdings in shares of Amer Sports by 1,306.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock valued at $194,759,000 after acquiring an additional 4,843,742 shares during the period. Scopus Asset Management L.P. acquired a new stake in shares of Amer Sports in the second quarter valued at approximately $108,562,000. Viking Global Investors LP boosted its holdings in shares of Amer Sports by 63.5% in the third quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock valued at $220,436,000 after acquiring an additional 2,462,832 shares during the period. Finally, WT Asset Management Ltd boosted its holdings in shares of Amer Sports by 221.5% in the third quarter. WT Asset Management Ltd now owns 3,499,062 shares of the company’s stock valued at $121,592,000 after acquiring an additional 2,410,861 shares during the period. 40.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AS has been the subject of several analyst reports. Weiss Ratings upgraded Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, April 27th. UBS Group upped their price target on Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 price target on Amer Sports in a research note on Wednesday, May 20th. Piper Sandler restated an “overweight” rating on shares of Amer Sports in a research note on Friday, February 20th. Finally, Evercore upped their price target on Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $48.19.

Amer Sports Price Performance

Amer Sports stock opened at $35.09 on Thursday. Amer Sports, Inc. has a 12 month low of $28.92 and a 12 month high of $42.76. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.82. The business has a 50 day simple moving average of $35.18 and a 200-day simple moving average of $36.22. The stock has a market capitalization of $19.43 billion, a PE ratio of 43.86, a price-to-earnings-growth ratio of 1.24 and a beta of 2.05.

Amer Sports (NYSE:AS) last released its quarterly earnings data on Tuesday, May 19th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.07. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.Amer Sports’s revenue was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 earnings per share. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. Equities analysts predict that Amer Sports, Inc. will post 1.22 earnings per share for the current year.

Insiders Place Their Bets

In other Amer Sports news, insider Wen-Chang (Victor) Chen sold 13,075 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $35.62, for a total value of $465,731.50. Following the completion of the transaction, the insider owned 149,821 shares in the company, valued at approximately $5,336,624.02. This represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Andrew E. Page sold 105,230 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total value of $3,867,202.50. Following the completion of the transaction, the chief financial officer owned 4,083 shares of the company’s stock, valued at $150,050.25. The trade was a 96.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 860,705 shares of company stock worth $30,156,939.

Amer Sports Company Profile

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).