Hook Mill Capital Partners LP Lowers Stock Holdings in Amer Sports, Inc. $AS

Hook Mill Capital Partners LP reduced its position in Amer Sports, Inc. (NYSE:AS) by 23.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 887,153 shares of the company’s stock after selling 269,388 shares during the quarter. Amer Sports accounts for about 3.4% of Hook Mill Capital Partners LP’s holdings, making the stock its 13th largest holding. Hook Mill Capital Partners LP owned approximately 0.16% of Amer Sports worth $34,386,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. boosted its holdings in shares of Amer Sports by 146.4% during the second quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock worth $35,000 after purchasing an additional 533 shares during the period. Quarry LP bought a new stake in shares of Amer Sports in the 1st quarter worth $34,000. GAMMA Investing LLC lifted its holdings in shares of Amer Sports by 17.4% during the second quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock valued at $101,000 after purchasing an additional 387 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Amer Sports by 276.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,364 shares of the company’s stock valued at $130,000 after buying an additional 2,470 shares during the last quarter. Finally, Colonial Trust Advisors bought a new stake in Amer Sports in the 1st quarter worth about $93,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AS shares. UBS Group upped their target price on shares of Amer Sports from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Robert W. Baird upped their target price on shares of Amer Sports from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, September 19th. Bank of America boosted their price objective on shares of Amer Sports from $45.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Nomura set a $39.80 target price on Amer Sports and gave the stock a “buy” rating in a report on Tuesday, November 18th. Finally, Evercore ISI boosted their price target on Amer Sports from $43.00 to $46.00 and gave the company an “outperform” rating in a report on Wednesday, November 19th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.34.

Amer Sports Stock Performance

NYSE:AS opened at $38.34 on Friday. The company has a market cap of $21.23 billion, a P/E ratio of 69.71, a P/E/G ratio of 1.07 and a beta of 2.85. Amer Sports, Inc. has a twelve month low of $20.21 and a twelve month high of $42.36. The company’s 50-day moving average price is $33.40 and its 200-day moving average price is $36.10. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.24.

Amer Sports (NYSE:AS) last issued its earnings results on Tuesday, November 18th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.08. Amer Sports had a return on equity of 8.51% and a net margin of 5.10%.The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the firm posted $0.14 EPS. The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. On average, sell-side analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal 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.