Lecap Asset Management Ltd. Purchases Shares of 14,605 Amer Sports, Inc. $AS

Lecap Asset Management Ltd. acquired a new position in Amer Sports, Inc. (NYSE:AS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,605 shares of the company’s stock, valued at approximately $508,000.

A number of other hedge funds also recently made changes to their positions in AS. Maryland State Retirement & Pension System purchased a new position in Amer Sports in the 2nd quarter worth approximately $281,000. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Amer Sports during the second quarter valued at approximately $647,000. Exchange Traded Concepts LLC bought a new stake in shares of Amer Sports during the second quarter valued at approximately $6,032,000. Fortress Investment Group LLC purchased a new position in shares of Amer Sports in the second quarter worth $9,634,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of Amer Sports during the second quarter worth $5,447,000. 40.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AS has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of Amer Sports from $53.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, November 17th. Wells Fargo & Company raised their price objective on Amer Sports from $40.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft set a $49.00 target price on Amer Sports in a research report on Thursday. Robert W. Baird raised their price target on Amer Sports from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, September 19th. Finally, Evercore ISI upped their price objective on Amer Sports from $43.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, November 19th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Amer Sports presently has a consensus rating of “Buy” and a consensus target price of $45.84.

Amer Sports Trading Up 1.9%

Shares of NYSE AS opened at $39.13 on Friday. Amer Sports, Inc. has a 1-year low of $20.21 and a 1-year high of $42.36. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.51 and a quick ratio of 0.70. The business’s 50 day moving average is $35.74 and its two-hundred day moving average is $36.24. The stock has a market capitalization of $21.67 billion, a P/E ratio of 71.14, a PEG ratio of 0.85 and a beta of 2.86.

Amer Sports (NYSE:AS) last announced its earnings results on Tuesday, November 18th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Amer Sports had a return on equity of 8.51% and a net margin of 5.10%.The company’s quarterly revenue was up 29.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. As a group, research analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current 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).