Amer Sports, Inc. $AS Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund boosted its position in Amer Sports, Inc. (NYSE:AS) by 23.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,870 shares of the company’s stock after acquiring an additional 13,766 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Amer Sports were worth $2,497,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Scopus Asset Management L.P. purchased a new stake in shares of Amer Sports during the 2nd quarter worth about $108,562,000. Qube Research & Technologies Ltd grew its stake in Amer Sports by 139.9% during the second quarter. Qube Research & Technologies Ltd now owns 3,887,480 shares of the company’s stock worth $150,679,000 after buying an additional 2,267,066 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of Amer Sports in the 2nd quarter valued at $87,287,000. BNP Paribas Financial Markets raised its stake in shares of Amer Sports by 244.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,533,612 shares of the company’s stock valued at $98,203,000 after acquiring an additional 1,798,170 shares during the period. Finally, Norges Bank acquired a new position in shares of Amer Sports during the 2nd quarter valued at $60,855,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft set a $49.00 price target on Amer Sports in a report on Thursday, January 8th. Wall Street Zen downgraded Amer Sports from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Barclays began coverage on Amer Sports in a report on Tuesday, December 9th. They issued an “overweight” rating and a $49.00 price target for the company. Citigroup reissued a “buy” rating on shares of Amer Sports in a research report on Thursday, October 30th. Finally, Zacks Research lowered shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Amer Sports presently has an average rating of “Buy” and an average price target of $46.65.

Amer Sports Stock Performance

Shares of NYSE AS opened at $39.76 on Monday. Amer Sports, Inc. has a 52-week low of $20.21 and a 52-week high of $42.36. The stock has a market capitalization of $22.02 billion, a P/E ratio of 72.28, a P/E/G ratio of 0.79 and a beta of 2.86. The company has a quick ratio of 0.70, a current ratio of 1.51 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average price is $37.88 and its two-hundred day moving average price is $36.08.

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

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).