Sequoia Financial Advisors LLC Makes New Investment in Amer Sports, Inc. $AS

Sequoia Financial Advisors LLC purchased a new stake in Amer Sports, Inc. (NYSE:AS) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 42,508 shares of the company’s stock, valued at approximately $1,477,000.

Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. raised its holdings in shares of Amer Sports by 146.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock valued at $35,000 after purchasing an additional 533 shares during the period. Financial Consulate Inc. acquired a new position in Amer Sports during the third quarter worth approximately $40,000. Pacer Advisors Inc. bought a new stake in Amer Sports in the third quarter valued at approximately $44,000. Smartleaf Asset Management LLC raised its stake in Amer Sports by 174.3% in the second quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock valued at $63,000 after buying an additional 1,011 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Amer Sports by 17.4% in the second quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock valued at $101,000 after buying an additional 387 shares during the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on AS. UBS Group boosted their target price on Amer Sports from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. JPMorgan Chase & Co. decreased their price objective on shares of Amer Sports from $53.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, November 17th. Nomura set a $39.80 price objective on shares of Amer Sports and gave the company a “buy” rating in a research report on Tuesday, November 18th. Citigroup reaffirmed a “buy” rating on shares of Amer Sports in a report on Thursday, October 30th. Finally, Truist Financial set a $46.00 price target on shares of Amer Sports in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Amer Sports currently has a consensus rating of “Buy” and a consensus price target of $46.06.

Amer Sports Price Performance

NYSE:AS opened at $36.57 on Friday. Amer Sports, Inc. has a 52 week low of $20.21 and a 52 week high of $42.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.70 and a current ratio of 1.51. The firm’s 50-day simple moving average is $37.04 and its 200 day simple moving average is $36.17. The firm has a market cap of $20.25 billion, a price-to-earnings ratio of 66.49, a P/E/G ratio of 0.71 and a beta of 2.86.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Tuesday, November 18th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. Amer Sports had a net margin of 5.10% and a return on equity of 8.51%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the firm posted $0.14 EPS. The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. As a group, sell-side analysts predict that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

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).