Artisan Partners Limited Partnership Purchases 4,843,742 Shares of Amer Sports, Inc. $AS

Artisan Partners Limited Partnership increased its stake in shares of Amer Sports, Inc. (NYSE:AS) by 1,306.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,214,439 shares of the company’s stock after buying an additional 4,843,742 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Amer Sports were worth $194,759,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Federation des caisses Desjardins du Quebec grew its position in Amer Sports by 10.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,466 shares of the company’s stock worth $167,000 after buying an additional 405 shares in the last quarter. Choreo LLC grew its position in Amer Sports by 4.9% during the fourth quarter. Choreo LLC now owns 9,387 shares of the company’s stock worth $354,000 after buying an additional 437 shares in the last quarter. Mackenzie Financial Corp grew its position in Amer Sports by 1.1% during the third quarter. Mackenzie Financial Corp now owns 48,745 shares of the company’s stock worth $1,694,000 after buying an additional 540 shares in the last quarter. Handelsbanken Fonder AB grew its position in Amer Sports by 2.0% during the third quarter. Handelsbanken Fonder AB now owns 35,300 shares of the company’s stock worth $1,227,000 after buying an additional 700 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in Amer Sports by 484.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock worth $29,000 after buying an additional 703 shares in the last quarter. Institutional investors and hedge funds own 40.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $52.00 price target on Amer Sports in a research report on Wednesday, May 20th. UBS Group raised their target price on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Piper Sandler reaffirmed an “overweight” rating on shares of Amer Sports in a report on Friday, February 20th. Robert W. Baird set a $51.00 target price on Amer Sports in a report on Wednesday, May 20th. Finally, Weiss Ratings raised Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $48.19.

Amer Sports Trading Down 0.8%

Shares of AS stock opened at $35.59 on Wednesday. The stock’s fifty day moving average price is $35.15 and its two-hundred day moving average price is $36.23. The company has a market cap of $19.71 billion, a PE ratio of 44.49, a P/E/G ratio of 1.25 and a beta of 2.05. Amer Sports, Inc. has a fifty-two week low of $28.92 and a fifty-two week high of $42.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 1.66.

Amer Sports (NYSE:AS) last released its quarterly earnings data on Tuesday, May 19th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.07. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the business posted $0.27 EPS. Amer Sports’s revenue for the quarter was up 32.1% on a year-over-year basis. 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 EPS for the current fiscal year.

Insider Transactions at Amer Sports

In related news, insider Wen-Chang (Victor) Chen sold 13,075 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $35.62, for a total transaction of $465,731.50. Following the sale, the insider owned 149,821 shares of the company’s stock, valued at $5,336,624.02. This trade represents a 8.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Andrew E. Page sold 105,230 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $36.75, for a total value of $3,867,202.50. Following the sale, the chief financial officer directly owned 4,083 shares in the company, valued at approximately $150,050.25. This trade represents a 96.26% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 860,705 shares of company stock worth $30,156,939.

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).