Junto Capital Management LP Invests $66.79 Million in Amer Sports, Inc. (NYSE:AS)

Junto Capital Management LP acquired a new stake in Amer Sports, Inc. (NYSE:AS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,388,886 shares of the company’s stock, valued at approximately $66,793,000. Amer Sports comprises about 1.3% of Junto Capital Management LP’s investment portfolio, making the stock its 27th biggest position. Junto Capital Management LP owned about 0.44% of Amer Sports as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AS. Ethic Inc. acquired a new stake in Amer Sports during the 4th quarter worth about $341,000. Fred Alger Management LLC purchased a new position in shares of Amer Sports in the fourth quarter worth about $2,272,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of Amer Sports during the fourth quarter worth about $12,440,000. Deutsche Bank AG boosted its position in Amer Sports by 812.5% in the fourth quarter. Deutsche Bank AG now owns 921,554 shares of the company’s stock valued at $25,767,000 after buying an additional 820,560 shares during the last quarter. Finally, Crestline Management LP acquired a new position in Amer Sports in the 4th quarter worth approximately $786,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AS has been the topic of several recent research reports. Sanford C. Bernstein assumed coverage on shares of Amer Sports in a report on Thursday, February 13th. They issued an “outperform” rating and a $38.00 price objective on the stock. JPMorgan Chase & Co. upped their price target on shares of Amer Sports from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Wells Fargo & Company reduced their price objective on Amer Sports from $28.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group lowered their target price on Amer Sports from $33.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Finally, Citigroup reduced their price target on Amer Sports from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amer Sports currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.45.

Amer Sports Stock Performance

Shares of AS stock opened at $26.99 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The firm has a market cap of $14.95 billion, a P/E ratio of -192.77, a P/E/G ratio of 0.72 and a beta of 2.76. The firm’s 50 day moving average price is $25.43 and its 200-day moving average price is $26.34. Amer Sports, Inc. has a one year low of $10.11 and a one year high of $34.00.

Amer Sports (NYSE:AS) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. As a group, equities research analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current year.

Amer Sports Profile

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.