Amer Sports, Inc. $AS Shares Purchased by Legal & General Group Plc

Legal & General Group Plc boosted its stake in Amer Sports, Inc. (NYSE:AS) by 670.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,455 shares of the company’s stock after acquiring an additional 103,074 shares during the period. Legal & General Group Plc’s holdings in Amer Sports were worth $4,424,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AS. AQR Capital Management LLC acquired a new position in Amer Sports in the 1st quarter valued at about $565,000. Goldman Sachs Group Inc. increased its position in Amer Sports by 44.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company’s stock worth $31,372,000 after purchasing an additional 358,536 shares during the period. American Century Companies Inc. acquired a new position in Amer Sports during the 2nd quarter worth approximately $472,000. Northwestern Mutual Wealth Management Co. increased its position in Amer Sports by 276.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,364 shares of the company’s stock worth $130,000 after purchasing an additional 2,470 shares during the period. Finally, Invesco Ltd. increased its position in Amer Sports by 102.1% during the 2nd quarter. Invesco Ltd. now owns 121,623 shares of the company’s stock worth $4,714,000 after purchasing an additional 61,446 shares during the period. Institutional investors and hedge funds own 40.25% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Weiss Ratings upgraded Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. Evercore boosted their target price on Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. UBS Group boosted their target price on Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a research report on Friday, February 20th. Finally, Deutsche Bank Aktiengesellschaft set a $52.00 target price on Amer Sports in a research report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $48.19.

Amer Sports Price Performance

Shares of NYSE:AS opened at $33.85 on Tuesday. The business’s 50 day simple moving average is $34.85 and its 200-day simple moving average is $36.24. The firm has a market capitalization of $18.75 billion, a price-to-earnings ratio of 42.32, a price-to-earnings-growth ratio of 1.18 and a beta of 2.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.82. Amer Sports, Inc. has a 12 month low of $28.92 and a 12 month high of $42.76.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.31 by $0.07. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.84 billion. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The company’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 EPS. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. As a group, equities analysts forecast that Amer Sports, Inc. will post 1.22 earnings per share for the current fiscal year.

Insider Transactions at Amer Sports

In other news, CEO Stuart Haselden sold 215,275 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $35.57, for a total transaction of $7,657,331.75. Following the sale, the chief executive officer owned 215,275 shares of the company’s stock, valued at $7,657,331.75. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Wen-Chang (Victor) Chen sold 13,075 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $35.62, for a total value of $465,731.50. Following the sale, the insider directly owned 149,821 shares in the company, valued at $5,336,624.02. This trade represents a 8.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 860,705 shares of company stock worth $30,156,939 over the last quarter.

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).