Temasek Holdings Private Ltd Buys Shares of 1,761,413 Amer Sports, Inc. $AS

Temasek Holdings Private Ltd bought a new stake in Amer Sports, Inc. (NYSE:AS) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 1,761,413 shares of the company’s stock, valued at approximately $61,209,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC acquired a new stake in shares of Amer Sports during the 1st quarter worth approximately $565,000. Goldman Sachs Group Inc. increased its stake in Amer Sports by 44.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company’s stock valued at $31,372,000 after acquiring an additional 358,536 shares during the last quarter. Bank of New York Mellon Corp raised its position in Amer Sports by 60.2% during the second quarter. Bank of New York Mellon Corp now owns 364,156 shares of the company’s stock valued at $14,115,000 after purchasing an additional 136,781 shares in the last quarter. SBI Securities Co. Ltd. raised its position in Amer Sports by 146.4% during the second quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock valued at $35,000 after purchasing an additional 533 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Amer Sports by 136.1% during the second quarter. Geode Capital Management LLC now owns 747,218 shares of the company’s stock worth $28,962,000 after purchasing an additional 430,702 shares during the last quarter. Institutional investors own 40.25% of the company’s stock.

Amer Sports Stock Performance

NYSE AS opened at $32.32 on Friday. The firm’s fifty day moving average price is $37.53 and its two-hundred day moving average price is $36.01. The stock has a market cap of $17.90 billion, a PE ratio of 43.10, a PEG ratio of 1.29 and a beta of 2.80. 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, Inc. has a fifty-two week low of $20.21 and a fifty-two week high of $42.76.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the prior year, the company earned $0.17 EPS. Amer Sports’s revenue was up 28.5% compared to the same quarter last year. 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. On average, equities analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

AS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Amer Sports from $53.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, November 17th. Barclays initiated 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. UBS Group reaffirmed a “buy” rating on shares of Amer Sports in a research note on Friday. Truist Financial set a $49.00 target price on Amer Sports in a research report on Wednesday, February 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Amer Sports in a research note on Monday, December 29th. Two investment 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 presently has a consensus rating of “Buy” and an average price target of $47.12.

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).