Boothbay Fund Management LLC Lowers Holdings in Amer Sports, Inc. $AS

Boothbay Fund Management LLC decreased its stake in Amer Sports, Inc. (NYSE:AS) by 55.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 302,232 shares of the company’s stock after selling 375,883 shares during the quarter. Boothbay Fund Management LLC’s holdings in Amer Sports were worth $11,288,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Aspex Management HK Ltd boosted its stake in shares of Amer Sports by 27.9% in the fourth quarter. Aspex Management HK Ltd now owns 7,593,627 shares of the company’s stock worth $283,622,000 after buying an additional 1,658,536 shares during the last quarter. Viking Global Investors LP boosted its stake in shares of Amer Sports by 63.5% in the third quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock worth $220,436,000 after buying an additional 2,462,832 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Amer Sports by 1,306.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock worth $194,759,000 after buying an additional 4,843,742 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Amer Sports by 57.5% in the third quarter. BNP Paribas Financial Markets now owns 3,991,563 shares of the company’s stock worth $138,707,000 after buying an additional 1,457,951 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Amer Sports by 16.0% in the fourth quarter. Morgan Stanley now owns 3,707,204 shares of the company’s stock worth $138,464,000 after buying an additional 510,419 shares during the last quarter. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AS. Piper Sandler restated an “overweight” rating on shares of Amer Sports in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $52.00 target price on Amer Sports in a research note on Wednesday, May 20th. UBS Group upped their target price on Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Evercore increased their price target on Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Finally, Truist Financial increased their price target on Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $48.19.

Insiders Place Their Bets

In other Amer Sports news, CFO Andrew E. Page sold 105,230 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total transaction of $3,867,202.50. Following the transaction, the chief financial officer owned 4,083 shares in the company, valued at approximately $150,050.25. This represents a 96.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Wen-Chang (Victor) Chen sold 13,075 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $35.62, for a total value of $465,731.50. Following the completion of the transaction, the insider owned 149,821 shares in the company, valued at approximately $5,336,624.02. This trade represents a 8.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 860,705 shares of company stock worth $30,156,939.

Amer Sports Stock Performance

Shares of AS stock opened at $35.09 on Thursday. The company has a market capitalization of $19.43 billion, a P/E ratio of 43.86, a P/E/G ratio of 1.24 and a beta of 2.05. The business’s 50 day moving average is $35.18 and its two-hundred day moving average is $36.22. The company has a current ratio of 1.66, a quick ratio of 0.82 and a debt-to-equity ratio of 0.10. Amer Sports, Inc. has a 12-month low of $28.92 and a 12-month high of $42.76.

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