Inspire Investing LLC Purchases Shares of 28,137 Amer Sports, Inc. $AS

Inspire Investing LLC acquired a new position in Amer Sports, Inc. (NYSE:AS) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 28,137 shares of the company’s stock, valued at approximately $978,000.

A number of other institutional investors have also modified their holdings of AS. SBI Securities Co. Ltd. increased its position in Amer Sports by 146.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock worth $35,000 after purchasing an additional 533 shares in the last quarter. Quarry LP purchased a new stake in Amer Sports during the first quarter worth approximately $34,000. Smartleaf Asset Management LLC increased its position in shares of Amer Sports by 174.3% in the second quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock worth $63,000 after acquiring an additional 1,011 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Amer Sports by 17.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock valued at $101,000 after acquiring an additional 387 shares during the period. Finally, Hollencrest Capital Management acquired a new position in shares of Amer Sports during the 2nd quarter valued at $102,000. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Amer Sports Stock Performance

Shares of AS opened at $38.38 on Friday. The stock has a market capitalization of $21.26 billion, a PE ratio of 69.79, a price-to-earnings-growth ratio of 1.03 and a beta of 2.85. The business’s fifty day moving average price is $34.63 and its 200 day moving average price is $36.17. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.51 and a quick ratio of 0.70. Amer Sports, Inc. has a 12-month low of $20.21 and a 12-month high of $42.36.

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 analysts’ consensus estimates of $0.25 by $0.08. Amer Sports had a net margin of 5.10% and a return on equity of 8.51%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the prior year, the company earned $0.14 earnings per share. The firm’s revenue 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. Equities research analysts forecast that Amer Sports, Inc. will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on AS shares. Truist Financial initiated coverage on Amer Sports in a research report on Monday, October 27th. They issued a “buy” rating and a $42.00 price objective on the stock. Barclays began coverage on Amer Sports in a research note on Tuesday, December 9th. They issued an “overweight” rating and a $49.00 target price for the company. Evercore ISI boosted their price target on Amer Sports from $43.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 19th. UBS Group increased their price objective on shares of Amer Sports from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Finally, Nomura set a $39.80 target price on shares of Amer Sports and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Amer Sports currently has an average rating of “Buy” and an average target price of $44.73.

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).