Amer Sports, Inc. $AS Shares Bought by Brilliance Asset Management Ltd.

Brilliance Asset Management Ltd. grew its stake in Amer Sports, Inc. (NYSE:AS) by 164.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,809,105 shares of the company’s stock after buying an additional 1,748,796 shares during the period. Amer Sports makes up approximately 41.2% of Brilliance Asset Management Ltd.’s holdings, making the stock its biggest position. Brilliance Asset Management Ltd.’s holdings in Amer Sports were worth $104,920,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Choreo LLC lifted its position 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 lifted its position 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 lifted its position 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. Caitong International Asset Management Co. Ltd lifted its position 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. Finally, Los Angeles Capital Management LLC lifted its position in shares of Amer Sports by 0.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 254,830 shares of the company’s stock worth $9,518,000 after purchasing an additional 712 shares during the last quarter. Institutional investors and hedge funds own 40.25% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AS shares. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on Amer Sports in a research report on Wednesday, May 20th. Robert W. Baird set a $51.00 price objective on Amer Sports in a research report on Wednesday, May 20th. Weiss Ratings upgraded Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, April 27th. Evercore boosted their price target on Amer Sports from $50.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Finally, Truist Financial boosted their price target on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Amer Sports currently has an average rating of “Buy” and an average target price of $48.19.

Insider Buying and Selling

In other news, CFO Andrew E. Page sold 105,230 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total value of $3,867,202.50. Following the sale, the chief financial officer directly owned 4,083 shares in the company, valued at approximately $150,050.25. This represents a 96.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jie (James) Zheng sold 500,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $34.42, for a total value of $17,210,000.00. Following the completion of the sale, the chief executive officer owned 1,262,385 shares in the company, valued at approximately $43,451,291.70. This represents a 28.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 860,705 shares of company stock valued at $30,156,939.

Amer Sports Trading Up 5.4%

AS stock opened at $35.60 on Friday. Amer Sports, Inc. has a 1-year low of $28.92 and a 1-year high of $42.76. The firm has a market cap of $19.72 billion, a P/E ratio of 44.50, a P/E/G ratio of 1.17 and a beta of 2.05. The business’s 50 day moving average is $35.03 and its 200-day moving average is $36.25. 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 (NYSE:AS) last released its quarterly earnings data on Tuesday, May 19th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.07. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the company posted $0.27 EPS. The company’s revenue 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. Equities analysts anticipate that Amer Sports, Inc. will post 1.22 earnings per share 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).