Wellington Management Group LLP Sells 742,470 Shares of Amer Sports, Inc. $AS

Wellington Management Group LLP reduced its stake in Amer Sports, Inc. (NYSE:AS) by 46.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 847,301 shares of the company’s stock after selling 742,470 shares during the quarter. Wellington Management Group LLP’s holdings in Amer Sports were worth $28,673,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Wakefield Asset Management LLLP bought a new stake in shares of Amer Sports during the 4th quarter worth $3,927,000. Ogborne Capital Management LLC bought a new stake in Amer Sports during the fourth quarter valued at about $22,257,000. Norges Bank bought a new stake in Amer Sports during the fourth quarter valued at about $70,055,000. Legal & General Group Plc grew its position in shares of Amer Sports by 670.1% in the fourth quarter. Legal & General Group Plc now owns 118,455 shares of the company’s stock valued at $4,424,000 after purchasing an additional 103,074 shares during the last quarter. Finally, Pinnbrook Capital Management LP bought a new position in shares of Amer Sports in the fourth quarter worth about $1,549,000. Institutional investors own 40.25% of the company’s stock.

Insider Buying and Selling

In other Amer Sports news, CFO Andrew Page sold 2,022 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $28.63, for a total value of $57,889.86. Following the sale, the chief financial officer directly owned 6,575 shares in the company, valued at $188,242.25. This represents a 23.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Amer Sports Stock Performance

NYSE AS opened at $29.59 on Friday. Amer Sports, Inc. has a twelve month low of $28.09 and a twelve month high of $42.76. The company has a quick ratio of 0.80, a current ratio of 1.76 and a debt-to-equity ratio of 0.11. The stock has a market cap of $16.39 billion, a P/E ratio of 31.15, a PEG ratio of 0.91 and a beta of 1.99. The company’s 50-day simple moving average is $33.80 and its 200 day simple moving average is $34.74.

Amer Sports (NYSE:AS) last released its quarterly earnings data on Tuesday, August 18th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. Amer Sports had a return on equity of 11.18% and a net margin of 7.35%.The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the business earned $0.03 earnings per share. The company’s quarterly revenue was up 32.1% on a year-over-year basis. Amer Sports has set its FY 2026 guidance at 1.270-1.300 EPS and its Q3 2026 guidance at 0.310-0.330 EPS. As a group, research analysts forecast that Amer Sports, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AS. Robert W. Baird set a $51.00 target price on Amer Sports in a research note on Wednesday, May 20th. Weiss Ratings downgraded shares of Amer Sports from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 19th. UBS Group reaffirmed a “buy” rating on shares of Amer Sports in a research report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Amer Sports in a research note on Wednesday, August 19th. Finally, Barclays lifted their price objective on Amer Sports from $49.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.14.

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).