Wealth High Governance Asset Management Ltda. Buys 134,150 Shares of Amer Sports, Inc. $AS

Wealth High Governance Asset Management Ltda. boosted its position in shares of Amer Sports, Inc. (NYSE:AS) by 304.2% in the first quarter, Holdings Channel reports. The firm owned 178,254 shares of the company’s stock after purchasing an additional 134,150 shares during the period. Amer Sports accounts for 2.1% of Wealth High Governance Asset Management Ltda.’s investment portfolio, making the stock its 24th biggest holding. Wealth High Governance Asset Management Ltda.’s holdings in Amer Sports were worth $5,868,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AS. Aspex Management HK Ltd lifted its holdings in Amer Sports by 27.9% during the fourth quarter. Aspex Management HK Ltd now owns 7,593,627 shares of the company’s stock worth $283,622,000 after acquiring an additional 1,658,536 shares in the last quarter. Viking Global Investors LP increased its stake in Amer Sports by 63.5% during the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock worth $220,436,000 after purchasing an additional 2,462,832 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Amer Sports by 1,306.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock worth $194,759,000 after buying an additional 4,843,742 shares during the period. Avala Global LP lifted its stake in Amer Sports by 38.8% in the fourth quarter. Avala Global LP now owns 4,637,149 shares of the company’s stock valued at $173,198,000 after buying an additional 1,297,200 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Amer Sports by 16.0% in the fourth quarter. Morgan Stanley now owns 3,707,204 shares of the company’s stock valued at $138,464,000 after buying an additional 510,419 shares in the last quarter. Institutional investors own 40.25% of the company’s stock.

Amer Sports Price Performance

Amer Sports stock opened at $35.61 on Monday. The company has a market capitalization of $19.72 billion, a price-to-earnings ratio of 44.52, a PEG ratio of 1.24 and a beta of 2.05. The company has a current ratio of 1.66, a quick ratio of 0.82 and a debt-to-equity ratio of 0.10. Amer Sports, Inc. has a 12 month low of $28.92 and a 12 month high of $42.76. The stock’s 50 day moving average is $35.07 and its 200-day moving average is $35.56.

Amer Sports (NYSE:AS) last announced its earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. Amer Sports’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 earnings per share. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. Equities research analysts expect that Amer Sports, Inc. will post 1.22 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AS shares. Piper Sandler reiterated an “overweight” rating and set a $45.00 target price on shares of Amer Sports in a report on Monday, July 27th. Robert W. Baird set a $51.00 price target on Amer Sports in a research report on Wednesday, May 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Amer Sports in a report on Friday, July 24th. UBS Group raised their price objective on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft set a $52.00 target price on Amer Sports in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $48.70.

Insiders Place Their Bets

In other Amer Sports news, insider Wen-Chang (Victor) Chen sold 13,075 shares of Amer Sports stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $35.62, for a total value of $465,731.50. Following the completion of the sale, the insider directly owned 149,821 shares in the company, valued at approximately $5,336,624.02. The trade was a 8.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew E. Page sold 105,230 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total value of $3,867,202.50. Following the transaction, the chief financial officer directly owned 4,083 shares in the company, valued at $150,050.25. The trade was a 96.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 833,580 shares of company stock valued at $29,200,266.

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).