Pictet Asset Management Holding SA Purchases 486,059 Shares of Amer Sports, Inc. $AS

Pictet Asset Management Holding SA lifted its position in shares of Amer Sports, Inc. (NYSE:AS) by 101.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 965,312 shares of the company’s stock after buying an additional 486,059 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Amer Sports were worth $36,054,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Choreo LLC grew its holdings in Amer Sports by 4.9% during the 4th quarter. Choreo LLC now owns 9,387 shares of the company’s stock valued at $354,000 after buying an additional 437 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Amer Sports by 1.1% in the third quarter. Mackenzie Financial Corp now owns 48,745 shares of the company’s stock worth $1,694,000 after buying an additional 540 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of Amer Sports by 2.0% during the third quarter. Handelsbanken Fonder AB now owns 35,300 shares of the company’s stock worth $1,227,000 after acquiring an additional 700 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Amer Sports by 484.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock worth $29,000 after acquiring an additional 703 shares during the last quarter. Finally, Mitchell Capital Management Co. grew its stake in Amer Sports by 1.3% during the third quarter. Mitchell Capital Management Co. now owns 60,188 shares of the company’s stock valued at $2,092,000 after acquiring an additional 799 shares in the last quarter. Institutional investors own 40.25% of the company’s stock.

Insider Activity at Amer Sports

In related news, CEO Stuart Haselden sold 11,438 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $36.26, for a total value of $414,741.88. Following the completion of the sale, the chief executive officer directly owned 15,275 shares in the company, valued at $553,871.50. This trade represents a 42.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew E. Page sold 6,005 shares of the business’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $36.26, for a total transaction of $217,741.30. Following the transaction, the chief financial officer owned 11,828 shares in the company, valued at $428,883.28. This trade represents a 33.67% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 27,125 shares of company stock worth $956,673.

Amer Sports Stock Down 0.6%

Shares of NYSE AS opened at $34.60 on Thursday. The company has a current ratio of 1.50, a quick ratio of 0.76 and a debt-to-equity ratio of 0.25. Amer Sports, Inc. has a 12-month low of $23.27 and a 12-month high of $42.76. The firm’s 50-day moving average price is $35.09 and its 200-day moving average price is $35.53. The stock has a market capitalization of $19.16 billion, a price-to-earnings ratio of 46.13, a P/E/G ratio of 1.41 and a beta of 2.81.

Amer Sports (NYSE:AS) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. Amer Sports had a return on equity of 9.74% and a net margin of 6.51%.The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the business posted $0.17 earnings per share. The firm’s revenue was up 28.5% on a year-over-year basis. 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. On average, equities research analysts anticipate that Amer Sports, Inc. will post 1.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on AS shares. Truist Financial set a $49.00 price target on shares of Amer Sports in a research note on Wednesday, February 25th. Weiss Ratings upgraded Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. UBS Group reiterated a “buy” rating on shares of Amer Sports in a research report on Friday, March 13th. Deutsche Bank Aktiengesellschaft set a $49.00 price target on Amer Sports in a research note on Thursday, January 8th. Finally, Zacks Research cut Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $47.12.

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).