Artisan Partners Limited Partnership Takes $12.88 Million Position in Amer Sports, Inc. $AS

Artisan Partners Limited Partnership bought a new position in shares of Amer Sports, Inc. (NYSE:AS) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 370,697 shares of the company’s stock, valued at approximately $12,882,000.

Other large investors have also added to or reduced their stakes in the company. Scopus Asset Management L.P. acquired a new stake in Amer Sports during the 2nd quarter valued at $108,562,000. WT Asset Management Ltd raised its position 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 purchasing an additional 2,410,861 shares during the period. Qube Research & Technologies Ltd lifted its stake in shares of Amer Sports by 139.9% during the 2nd 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 last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Amer Sports during the 2nd quarter worth about $87,287,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Amer Sports by 244.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,533,612 shares of the company’s stock worth $98,203,000 after buying an additional 1,798,170 shares during the period. Institutional investors own 40.25% of the company’s stock.

Amer Sports Price Performance

Amer Sports stock opened at $37.84 on Friday. The firm has a market cap of $20.96 billion, a PE ratio of 50.45, a price-to-earnings-growth ratio of 1.51 and a beta of 2.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 0.70. The stock’s fifty day moving average price is $38.13 and its two-hundred day moving average price is $36.25. Amer Sports, Inc. has a one year low of $20.21 and a one year high of $42.76.

Amer Sports (NYSE:AS) last released its earnings results on Tuesday, February 24th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. Amer Sports had a return on equity of 9.74% and a net margin of 6.51%.The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the firm posted $0.17 EPS. Amer Sports’s quarterly revenue was up 28.5% on a year-over-year basis. 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, research analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AS shares. Evercore increased their price target on shares of Amer Sports from $50.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft set a $49.00 target price on Amer Sports in a research report on Thursday, January 8th. Barclays assumed coverage on Amer Sports in a report on Tuesday, December 9th. They set an “overweight” rating and a $49.00 price target for the company. Piper Sandler reaffirmed an “overweight” rating on shares of Amer Sports in a report on Friday, February 20th. Finally, UBS Group lifted their target price on Amer Sports from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $47.12.

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).