Sierra Summit Advisors LLC Invests $729,000 in Amer Sports, Inc. $AS

Sierra Summit Advisors LLC bought a new position in Amer Sports, Inc. (NYSE:AS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 20,972 shares of the company’s stock, valued at approximately $729,000.

A number of other large investors have also bought and sold shares of the business. Aster Capital Management DIFC Ltd raised its position in Amer Sports by 423.0% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 5,157 shares of the company’s stock valued at $179,000 after purchasing an additional 4,171 shares during the last quarter. Handelsbanken Fonder AB increased its position in Amer Sports by 2.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 35,300 shares of the company’s stock valued at $1,227,000 after acquiring an additional 700 shares in the last quarter. Banco Santander S.A. bought a new position in shares of Amer Sports in the third quarter worth about $687,000. R Squared Ltd acquired a new position in shares of Amer Sports during the third quarter worth approximately $215,000. Finally, Artisan Partners Limited Partnership bought a new stake in shares of Amer Sports during the third quarter valued at approximately $12,882,000. 40.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AS has been the subject of several research analyst reports. UBS Group boosted their price objective on shares of Amer Sports from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Zacks Research lowered Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Wells Fargo & Company boosted their price objective on Amer Sports from $40.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Piper Sandler reaffirmed an “overweight” rating on shares of Amer Sports in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Amer Sports from $53.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, November 17th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $47.12.

Amer Sports Stock Down 2.2%

Shares of NYSE:AS opened at $37.84 on Monday. The company has a 50 day moving average price of $38.13 and a two-hundred day moving average price of $36.22. The company has a market capitalization of $20.96 billion, a PE ratio of 50.45, a PEG ratio of 1.51 and a beta of 2.86. Amer Sports, Inc. has a 52 week low of $20.21 and a 52 week high of $42.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.76 and a current ratio of 1.50.

Amer Sports (NYSE:AS) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Amer Sports had a net margin of 6.51% and a return on equity of 9.74%. The firm’s quarterly revenue was up 28.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS. Amer Sports has set its FY 2026 guidance at 1.100-1.150 EPS and its Q1 2026 guidance at 0.280-0.300 EPS. Analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Amer Sports Company 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).