Cookson Peirce & Co. Inc. Takes Position in Amer Sports, Inc. $AS

Cookson Peirce & Co. Inc. bought a new position in shares of Amer Sports, Inc. (NYSE:AS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 53,625 shares of the company’s stock, valued at approximately $2,079,000.

A number of other hedge funds have also recently bought and sold shares of the company. Trivest Advisors Ltd boosted its position in Amer Sports by 47.9% during the first quarter. Trivest Advisors Ltd now owns 2,110,945 shares of the company’s stock worth $56,426,000 after acquiring an additional 683,445 shares during the last quarter. Samlyn Capital LLC raised its stake in Amer Sports by 10.8% during the first quarter. Samlyn Capital LLC now owns 1,634,448 shares of the company’s stock worth $43,689,000 after purchasing an additional 159,848 shares during the period. Goldman Sachs Group Inc. raised its stake in Amer Sports by 44.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company’s stock worth $31,372,000 after purchasing an additional 358,536 shares during the period. Deutsche Bank AG raised its stake in Amer Sports by 25.9% during the first quarter. Deutsche Bank AG now owns 1,160,491 shares of the company’s stock worth $31,020,000 after purchasing an additional 238,937 shares during the period. Finally, Trexquant Investment LP raised its stake in Amer Sports by 341.1% during the first quarter. Trexquant Investment LP now owns 799,989 shares of the company’s stock worth $21,384,000 after purchasing an additional 618,632 shares during the period. Institutional investors and hedge funds own 40.25% of the company’s stock.

Wall Street Analyst Weigh In

AS has been the topic of a number of recent analyst reports. Citigroup increased their price target on shares of Amer Sports from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Zacks Research raised shares of Amer Sports from a “hold” rating to a “strong-buy” rating in a research note on Monday. Piper Sandler began coverage on shares of Amer Sports in a research note on Thursday, June 26th. They issued an “overweight” rating and a $45.00 target price on the stock. Robert W. Baird raised their target price on shares of Amer Sports from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, September 19th. Finally, Nomura Securities downgraded shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.49.

Amer Sports Trading Up 0.0%

Shares of NYSE:AS opened at $30.87 on Wednesday. The company has a market cap of $17.09 billion, a PE ratio of 75.28, a P/E/G ratio of 0.99 and a beta of 3.04. The company’s 50-day moving average price is $35.94 and its 200 day moving average price is $34.18. Amer Sports, Inc. has a fifty-two week low of $17.32 and a fifty-two week high of $42.36. The company has a quick ratio of 0.61, a current ratio of 1.60 and a debt-to-equity ratio of 0.24.

Amer Sports (NYSE:AS) last issued its quarterly earnings data on Tuesday, August 19th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.18 billion. Amer Sports had a net margin of 3.93% and a return on equity of 6.87%. Amer Sports’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period last year, the firm posted $0.05 EPS. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. Sell-side analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

About Amer Sports

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.