Polymer Capital Management HK LTD Makes New $9.43 Million Investment in Amer Sports, Inc. $AS

Polymer Capital Management HK LTD purchased a new position in shares of Amer Sports, Inc. (NYSE:AS) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 252,526 shares of the company’s stock, valued at approximately $9,432,000. Amer Sports accounts for about 1.3% of Polymer Capital Management HK LTD’s investment portfolio, making the stock its 16th biggest position.

Several other hedge funds also recently modified their holdings of the company. Federation des caisses Desjardins du Quebec boosted its stake in shares of Amer Sports by 10.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,466 shares of the company’s stock worth $167,000 after purchasing an additional 405 shares during the last quarter. Choreo LLC boosted its stake in shares of Amer Sports by 4.9% during the 4th quarter. Choreo LLC now owns 9,387 shares of the company’s stock worth $354,000 after purchasing an additional 437 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Amer Sports by 1.1% during the 3rd quarter. Mackenzie Financial Corp now owns 48,745 shares of the company’s stock worth $1,694,000 after purchasing an additional 540 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Amer Sports by 2.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 35,300 shares of the company’s stock worth $1,227,000 after purchasing an additional 700 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Amer Sports by 484.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock worth $29,000 after purchasing an additional 703 shares during the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AS shares. Deutsche Bank Aktiengesellschaft set a $52.00 price target on shares of Amer Sports in a research note on Wednesday, May 20th. Evercore raised their target price on shares of Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Weiss Ratings raised shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. Truist Financial raised their target price on shares of Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Finally, Piper Sandler reissued an “overweight” rating on shares of Amer Sports in a research report on Friday, February 20th. Two 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. Based on data from MarketBeat, Amer Sports presently has a consensus rating of “Buy” and an average price target of $48.19.

Insider Buying and Selling at Amer Sports

In other news, CFO Andrew E. Page sold 105,230 shares of Amer Sports stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $36.75, for a total transaction of $3,867,202.50. Following the sale, the chief financial officer owned 4,083 shares in the company, valued at $150,050.25. This trade represents a 96.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jie (James) Zheng sold 500,000 shares of Amer Sports stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $34.42, for a total transaction of $17,210,000.00. Following the sale, the chief executive officer owned 1,262,385 shares in the company, valued at $43,451,291.70. This represents a 28.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 860,705 shares of company stock worth $30,156,939.

Amer Sports Trading Down 0.5%

NYSE AS opened at $35.43 on Friday. Amer Sports, Inc. has a one year low of $28.92 and a one year high of $42.76. The company’s 50 day moving average price is $35.06 and its 200 day moving average price is $36.24. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 1.66. The firm has a market capitalization of $19.62 billion, a price-to-earnings ratio of 44.29, a PEG ratio of 1.24 and a beta of 2.05.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.31 by $0.07. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the firm posted $0.27 earnings per share. Amer Sports’s revenue for the quarter was up 32.1% compared to the same quarter last year. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. On average, sell-side analysts predict that Amer Sports, Inc. will post 1.22 EPS for the current year.

Amer Sports 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).