Nicholas Investment Partners LP Trims Stock Holdings in Amer Sports, Inc. $AS

Nicholas Investment Partners LP lowered its stake in Amer Sports, Inc. (NYSE:AS) by 46.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 21,898 shares of the company’s stock after selling 18,901 shares during the quarter. Nicholas Investment Partners LP’s holdings in Amer Sports were worth $818,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Federation des caisses Desjardins du Quebec raised its stake in shares of Amer Sports by 10.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,466 shares of the company’s stock valued at $167,000 after acquiring an additional 405 shares during the period. Choreo LLC lifted its holdings in shares of Amer Sports by 4.9% in the 4th quarter. Choreo LLC now owns 9,387 shares of the company’s stock worth $354,000 after acquiring an additional 437 shares during the last quarter. Mackenzie Financial Corp boosted 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 period. Handelsbanken Fonder AB boosted 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 period. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Amer Sports by 484.8% in 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. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AS shares. Robert W. Baird set a $51.00 target price on Amer Sports in a research report on Wednesday, May 20th. UBS Group lifted their price objective on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a report on Friday, February 20th. Truist Financial increased their target price on Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings upgraded Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $48.19.

Amer Sports Price Performance

Amer Sports stock opened at $35.43 on Monday. The firm has a market cap of $19.62 billion, a PE ratio of 44.29, a price-to-earnings-growth ratio of 1.23 and a beta of 2.05. Amer Sports, Inc. has a 52-week low of $28.92 and a 52-week 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’s 50 day moving average is $35.06 and its two-hundred day moving average is $36.25.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.31 by $0.07. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The company’s quarterly 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. On average, research analysts expect that Amer Sports, Inc. will post 1.22 EPS for the current fiscal year.

Insider Activity

In related news, CEO Stuart Haselden sold 215,275 shares of Amer Sports stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $35.57, for a total value of $7,657,331.75. Following the completion of the transaction, the chief executive officer owned 215,275 shares in the company, valued at $7,657,331.75. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew E. Page sold 105,230 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $36.75, for a total transaction of $3,867,202.50. Following the completion of the sale, the chief financial officer owned 4,083 shares in the company, valued at $150,050.25. The trade was a 96.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 860,705 shares of company stock valued at $30,156,939 over the last three months.

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).