Cookson Peirce & Co. Inc. Sells 17,493 Shares of Amer Sports, Inc. $AS

Cookson Peirce & Co. Inc. lessened its stake in shares of Amer Sports, Inc. (NYSE:AS) by 32.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 36,132 shares of the company’s stock after selling 17,493 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Amer Sports were worth $1,256,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. increased its position in Amer Sports by 146.4% during the second quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock valued at $35,000 after acquiring an additional 533 shares during the last quarter. Financial Consulate Inc. bought a new stake in shares of Amer Sports in the 3rd quarter worth about $40,000. Pacer Advisors Inc. purchased a new position in shares of Amer Sports during the 3rd quarter worth about $44,000. Smartleaf Asset Management LLC grew its holdings in Amer Sports by 174.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock valued at $63,000 after purchasing an additional 1,011 shares during the last quarter. Finally, Hollencrest Capital Management bought a new position in Amer Sports during the 2nd quarter valued at about $102,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AS shares. Truist Financial set a $46.00 price objective on shares of Amer Sports in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Amer Sports in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft set a $49.00 price target on Amer Sports in a research note on Thursday, January 8th. Wells Fargo & Company boosted their price objective on Amer Sports from $40.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Finally, Evercore upped their price objective on Amer Sports from $43.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, November 19th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $46.65.

Amer Sports Stock Performance

Amer Sports stock opened at $39.76 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.70 and a current ratio of 1.51. The company has a market capitalization of $22.02 billion, a PE ratio of 72.28, a P/E/G ratio of 0.76 and a beta of 2.86. The company has a 50 day moving average price of $37.88 and a 200-day moving average price of $36.12. Amer Sports, Inc. has a fifty-two week low of $20.21 and a fifty-two week high of $42.36.

Amer Sports (NYSE:AS) last announced its quarterly earnings data on Tuesday, November 18th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 8.51% and a net margin of 5.10%.Amer Sports’s revenue was up 29.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. As a group, equities analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Amer Sports Company 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).