Amer Sports, Inc. $AS is Avala Global LP’s 7th Largest Position

Avala Global LP boosted its stake in shares of Amer Sports, Inc. (NYSE:AS) by 4.5% during the third quarter, Holdings Channel.com reports. The firm owned 3,339,949 shares of the company’s stock after purchasing an additional 142,900 shares during the quarter. Amer Sports makes up about 4.8% of Avala Global LP’s investment portfolio, making the stock its 7th biggest position. Avala Global LP’s holdings in Amer Sports were worth $116,063,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AS. Sequoia Financial Advisors LLC bought a new position in shares of Amer Sports during the 3rd quarter worth approximately $1,477,000. Fortress Investment Group LLC purchased a new position in Amer Sports in the second quarter worth $9,634,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Amer Sports during the third quarter worth $45,507,000. JPMorgan Chase & Co. lifted its holdings in shares of Amer Sports by 9.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 684,783 shares of the company’s stock valued at $23,796,000 after purchasing an additional 58,350 shares during the last quarter. Finally, Navellier & Associates Inc. acquired a new stake in shares of Amer Sports in the 3rd quarter worth $4,218,000. 40.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AS has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their target price on Amer Sports from $53.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. Deutsche Bank Aktiengesellschaft set a $49.00 price target on Amer Sports in a research note on Thursday, January 8th. Nomura set a $39.80 price target on Amer Sports and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Truist Financial set a $49.00 price objective on shares of Amer Sports in a report on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amer Sports in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $47.12.

Amer Sports Trading Down 0.1%

Shares of Amer Sports stock opened at $32.32 on Friday. The stock has a market cap of $17.90 billion, a PE ratio of 43.10, a price-to-earnings-growth ratio of 1.29 and a beta of 2.80. The firm has a fifty day moving average price of $37.53 and a 200 day moving average price of $35.98. Amer Sports, Inc. has a 1 year low of $20.21 and a 1 year high of $42.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 0.76.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. The company 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 firm’s revenue was up 28.5% on a year-over-year basis. During the same period in the prior year, the company earned $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. Equities research analysts predict 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).