Amer Sports, Inc. (NYSE:AS) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its holdings in Amer Sports, Inc. (NYSE:AS) by 63.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 29,311 shares of the company’s stock after selling 51,449 shares during the period. BNP Paribas Financial Markets’ holdings in Amer Sports were worth $820,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AS. FMR LLC boosted its holdings in shares of Amer Sports by 250.7% during the fourth quarter. FMR LLC now owns 26,414,511 shares of the company’s stock valued at $738,550,000 after acquiring an additional 18,881,504 shares during the period. Brilliance Asset Management Ltd. boosted its stake in Amer Sports by 5.1% during the 4th quarter. Brilliance Asset Management Ltd. now owns 4,073,061 shares of the company’s stock valued at $113,883,000 after purchasing an additional 196,380 shares during the period. Candlestick Capital Management LP grew its position in Amer Sports by 1.7% in the 4th quarter. Candlestick Capital Management LP now owns 3,864,510 shares of the company’s stock worth $108,052,000 after purchasing an additional 63,078 shares during the last quarter. WT Asset Management Ltd grew its position in Amer Sports by 188.2% in the 4th quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company’s stock worth $100,834,000 after purchasing an additional 2,355,182 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Amer Sports by 262.5% in the fourth quarter. Marshall Wace LLP now owns 3,316,167 shares of the company’s stock valued at $92,720,000 after purchasing an additional 2,401,302 shares during the period. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AS. The Goldman Sachs Group boosted their price objective on Amer Sports from $28.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group boosted their price target on Amer Sports from $37.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley increased their price target on Amer Sports from $28.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Citigroup raised their price target on Amer Sports from $30.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Sanford C. Bernstein started coverage on shares of Amer Sports in a research note on Thursday, February 13th. They set an “outperform” rating and a $38.00 price objective on the stock. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.67.

Amer Sports Stock Down 1.5%

AS opened at $36.82 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The company has a market capitalization of $20.39 billion, a PE ratio of -262.97, a P/E/G ratio of 0.72 and a beta of 2.76. The stock’s fifty day moving average is $26.26 and its 200-day moving average is $27.08. Amer Sports, Inc. has a one year low of $10.11 and a one year high of $38.42.

Amer Sports (NYSE:AS) last released its earnings results on Tuesday, May 20th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company earned $0.08 earnings per share. Amer Sports’s revenue was up 24.5% compared to the same quarter last year. On average, equities analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Amer Sports Company Profile

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.