ING Groep NV Sells 373,835 Shares of Amer Sports, Inc. $AS

ING Groep NV lessened its holdings in Amer Sports, Inc. (NYSE:AS) by 21.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,360,465 shares of the company’s stock after selling 373,835 shares during the period. ING Groep NV’s holdings in Amer Sports were worth $50,813,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its holdings 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 valued at $29,000 after purchasing an additional 703 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Amer Sports by 241.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock worth $42,000 after purchasing an additional 848 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Amer Sports by 174.3% in the second quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock valued at $63,000 after buying an additional 1,011 shares in the last quarter. Global Retirement Partners LLC boosted its position in Amer Sports by 5,600.0% in the fourth quarter. Global Retirement Partners LLC now owns 1,824 shares of the company’s stock valued at $68,000 after buying an additional 1,792 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in Amer Sports in the fourth quarter valued at approximately $84,000. Institutional investors own 40.25% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jie (James) Zheng sold 500,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $34.42, for a total transaction of $17,210,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,262,385 shares in the company, valued at $43,451,291.70. This trade represents a 28.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stuart Haselden sold 215,275 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $35.57, for a total value of $7,657,331.75. Following the transaction, the chief executive officer owned 215,275 shares of the company’s stock, valued at $7,657,331.75. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 860,705 shares of company stock valued at $30,156,939 over the last three months.

Amer Sports Stock Performance

NYSE AS opened at $34.18 on Friday. Amer Sports, Inc. has a twelve month low of $28.92 and a twelve month high of $42.76. The company has a quick ratio of 0.82, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $18.93 billion, a price-to-earnings ratio of 42.73, a PEG ratio of 1.18 and a beta of 2.05. The stock has a fifty day simple moving average of $34.81 and a 200 day simple moving average of $36.20.

Amer Sports (NYSE:AS) last issued its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the company earned $0.27 earnings per share. The firm’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. Sell-side analysts expect that Amer Sports, Inc. will post 1.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AS shares. Weiss Ratings upgraded shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. UBS Group raised their target price on shares of Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Piper Sandler restated an “overweight” rating on shares of Amer Sports in a research report on Friday, February 20th. Truist Financial lifted 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. Finally, Robert W. Baird set a $51.00 price target on Amer Sports in a research note on Wednesday, May 20th. Two investment 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, the company has an average rating of “Buy” and a consensus target price of $48.19.

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).