30,834 Shares in Amer Sports, Inc. $AS Purchased by Truist Financial Corp

Truist Financial Corp acquired a new position in Amer Sports, Inc. (NYSE:AS) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 30,834 shares of the company’s stock, valued at approximately $1,152,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Viking Global Investors LP raised its position in Amer Sports by 63.5% in the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock worth $220,436,000 after purchasing an additional 2,462,832 shares during the period. Aspex Management HK Ltd purchased a new stake in Amer Sports in the 3rd quarter worth about $206,244,000. BNP Paribas Financial Markets raised its position in Amer Sports by 57.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,991,563 shares of the company’s stock worth $138,707,000 after purchasing an additional 1,457,951 shares during the period. Candlestick Capital Management LP raised its position in Amer Sports by 24.5% in the 3rd quarter. Candlestick Capital Management LP now owns 3,568,381 shares of the company’s stock worth $124,001,000 after purchasing an additional 702,091 shares during the period. Finally, WT Asset Management Ltd raised its position in Amer Sports by 221.5% in the 3rd quarter. WT Asset Management Ltd now owns 3,499,062 shares of the company’s stock worth $121,592,000 after purchasing an additional 2,410,861 shares during the period. 40.25% of the stock is owned by hedge funds and other institutional investors.

Amer Sports Stock Performance

Shares of NYSE:AS opened at $32.83 on Friday. The firm has a market cap of $18.18 billion, a PE ratio of 43.77, a price-to-earnings-growth ratio of 1.30 and a beta of 2.16. The firm’s 50 day simple moving average is $34.26 and its 200-day simple moving average is $35.78. Amer Sports, Inc. has a one year low of $28.92 and a one year high of $42.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.76 and a current ratio of 1.50.

Amer Sports (NYSE:AS) last issued its earnings results on Tuesday, February 24th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The business 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 last year, the company 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. As a group, equities analysts predict that Amer Sports, Inc. will post 1.16 EPS for the current year.

Insider Buying and Selling

In other news, CFO Andrew E. Page sold 6,005 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $36.26, for a total transaction of $217,741.30. Following the transaction, the chief financial officer directly owned 11,828 shares in the company, valued at approximately $428,883.28. This trade represents a 33.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Stuart Haselden sold 11,438 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $36.26, for a total transaction of $414,741.88. Following the transaction, the chief executive officer owned 15,275 shares in the company, valued at approximately $553,871.50. This represents a 42.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 27,125 shares of company stock worth $956,673.

Analyst Ratings Changes

A number of research firms recently weighed in on AS. Evercore increased their price objective on shares of Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Zacks Research lowered shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Piper Sandler reaffirmed an “overweight” rating on shares of Amer Sports in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $50.00 target price on shares of Amer Sports in a research report on Wednesday. Finally, UBS Group reaffirmed a “buy” rating on shares of Amer Sports in a research report on Friday, March 13th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $47.18.

Amer Sports 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).