BNP Paribas Financial Markets Raises Stock Position in Amer Sports, Inc. $AS

BNP Paribas Financial Markets grew its stake in Amer Sports, Inc. (NYSE:AS) by 57.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,991,563 shares of the company’s stock after purchasing an additional 1,457,951 shares during the quarter. BNP Paribas Financial Markets’ holdings in Amer Sports were worth $138,707,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Scopus Asset Management L.P. purchased a new position in shares of Amer Sports during the second quarter valued at about $108,562,000. WT Asset Management Ltd lifted its holdings in Amer Sports by 221.5% in the third quarter. WT Asset Management Ltd now owns 3,499,062 shares of the company’s stock worth $121,592,000 after buying an additional 2,410,861 shares during the period. Qube Research & Technologies Ltd lifted its holdings in Amer Sports by 139.9% in 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. bought a new stake in Amer Sports during the 2nd quarter valued at approximately $87,287,000. Finally, Norges Bank bought a new stake in Amer Sports during the 2nd quarter valued at approximately $60,855,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on AS. Evercore upped their target price on Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. dropped their price target on Amer Sports from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, November 17th. Barclays initiated coverage on Amer Sports in a research note on Tuesday, December 9th. They issued an “overweight” rating and a $49.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Amer Sports in a report on Monday, December 29th. Finally, Wells Fargo & Company boosted their target price on shares of Amer Sports from $40.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Two 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. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $47.12.

Amer Sports Price Performance

Shares of NYSE AS opened at $33.37 on Thursday. Amer Sports, Inc. has a twelve month low of $20.21 and a twelve month high of $42.76. The firm has a market cap of $18.48 billion, a P/E ratio of 44.49, a PEG ratio of 1.37 and a beta of 2.80. The company has a 50 day moving average of $37.73 and a 200 day moving average of $36.09. The company has a quick ratio of 0.76, a current ratio of 1.50 and a debt-to-equity ratio of 0.25.

Amer Sports (NYSE:AS) last issued its 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 business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.99 billion. Amer Sports had a return on equity of 9.74% and a net margin of 6.51%.The company’s revenue was up 28.5% compared to the same quarter last year. During the same period last year, the business posted $0.17 EPS. 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.

About Amer Sports

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).