West Michigan Advisors LLC Lowers Holdings in Amer Sports, Inc. $AS

West Michigan Advisors LLC trimmed its holdings in Amer Sports, Inc. (NYSE:AS) by 59.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 6,911 shares of the company’s stock after selling 9,966 shares during the period. West Michigan Advisors LLC’s holdings in Amer Sports were worth $268,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Amer Sports by 17.4% during the second quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock worth $101,000 after purchasing an additional 387 shares in the last quarter. Scotia Capital Inc. increased its position in Amer Sports by 1.0% in the 1st quarter. Scotia Capital Inc. now owns 50,841 shares of the company’s stock valued at $1,359,000 after acquiring an additional 488 shares during the period. Signaturefd LLC increased its position in Amer Sports by 19.1% in the 1st quarter. Signaturefd LLC now owns 4,925 shares of the company’s stock valued at $132,000 after acquiring an additional 789 shares during the period. Quarry LP acquired a new position in Amer Sports during the 1st quarter worth approximately $34,000. Finally, Charles Schwab Investment Management Inc. increased its position in Amer Sports by 22.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,386 shares of the company’s stock worth $331,000 after purchasing an additional 2,275 shares during the period. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Amer Sports Stock Up 0.1%

AS stock opened at $31.69 on Friday. The firm has a market cap of $17.55 billion, a PE ratio of 77.28, a PEG ratio of 1.01 and a beta of 3.04. The company has a fifty day simple moving average of $35.51 and a 200 day simple moving average of $34.30. Amer Sports, Inc. has a 1 year low of $17.43 and a 1 year high of $42.36. The company has a current ratio of 1.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Tuesday, August 19th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.18 billion. Amer Sports had a return on equity of 6.87% and a net margin of 3.93%.The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 earnings per share. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. Sell-side analysts anticipate that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Bank of America increased their target price on Amer Sports from $45.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Zacks Research raised Amer Sports from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Hsbc Global Res upgraded Amer Sports from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 27th. UBS Group increased their price target on Amer Sports from $50.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Finally, Citigroup increased their price target on Amer Sports from $42.00 to $50.00 and gave the company a “buy” rating in a report on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Amer Sports has a consensus rating of “Moderate Buy” and an average target price of $43.49.

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.