50,992 Shares in Amer Sports, Inc. $AS Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new stake in Amer Sports, Inc. (NYSE:AS) during the second quarter, HoldingsChannel reports. The institutional investor bought 50,992 shares of the company’s stock, valued at approximately $1,976,000.

A number of other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in shares of Amer Sports by 46.4% in the first quarter. Bank of New York Mellon Corp now owns 227,375 shares of the company’s stock valued at $6,078,000 after buying an additional 72,012 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Amer Sports by 16.4% during the 1st quarter. New York State Common Retirement Fund now owns 28,400 shares of the company’s stock valued at $759,000 after acquiring an additional 4,000 shares during the period. Pinnacle Associates Ltd. boosted its holdings in Amer Sports by 5.3% during the 1st quarter. Pinnacle Associates Ltd. now owns 55,895 shares of the company’s stock valued at $1,494,000 after acquiring an additional 2,825 shares during the period. Machina Capital S.A.S. acquired a new position in Amer Sports in the 1st quarter valued at about $376,000. Finally, Mackenzie Financial Corp increased its stake in Amer Sports by 64.6% during the first quarter. Mackenzie Financial Corp now owns 48,205 shares of the company’s stock worth $1,289,000 after purchasing an additional 18,920 shares during the period. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Amer Sports Price Performance

Amer Sports stock opened at $34.74 on Thursday. The company has a current ratio of 1.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $32.99 and a 200-day simple moving average of $35.50. The stock has a market cap of $19.24 billion, a P/E ratio of 63.17, a price-to-earnings-growth ratio of 0.99 and a beta of 2.97. Amer Sports, Inc. has a 12-month low of $20.21 and a 12-month high of $42.36.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, November 18th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Amer Sports had a return on equity of 8.68% and a net margin of 5.10%.Amer Sports’s quarterly revenue was up 29.7% on a year-over-year basis. During the same period last year, the firm earned $0.14 earnings per share. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. Equities analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AS has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Amer Sports in a research note on Wednesday, October 8th. Nomura set a $39.80 target price on shares of Amer Sports and gave the stock a “buy” rating in a report on Tuesday. Wall Street Zen cut shares of Amer Sports from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Wells Fargo & Company upped their price objective on Amer Sports from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Monday, September 22nd. Finally, UBS Group increased their price objective on Amer Sports from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.06.

Amer Sports 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.