Amundi Sells 31,690 Shares of Amer Sports, Inc. (NYSE:AS)

Amundi lessened its holdings in Amer Sports, Inc. (NYSE:AS) by 24.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,566 shares of the company’s stock after selling 31,690 shares during the quarter. Amundi’s holdings in Amer Sports were worth $3,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. FMR LLC lifted its position in shares of Amer Sports by 71.2% during the 3rd quarter. FMR LLC now owns 7,533,007 shares of the company’s stock valued at $120,151,000 after buying an additional 3,133,312 shares during the last quarter. WT Asset Management Ltd lifted its position in shares of Amer Sports by 188.2% during the 4th quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company’s stock valued at $100,834,000 after buying an additional 2,355,182 shares during the last quarter. State Street Corp lifted its position in shares of Amer Sports by 65.1% during the 3rd quarter. State Street Corp now owns 884,526 shares of the company’s stock valued at $14,108,000 after buying an additional 348,877 shares during the last quarter. Woodson Capital Management LP purchased a new stake in Amer Sports during the 3rd quarter worth about $12,907,000. Finally, Greenwoods Asset Management Hong Kong Ltd. bought a new position in Amer Sports in the 4th quarter worth about $21,608,000. Institutional investors own 40.25% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. HSBC downgraded Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research note on Monday, December 16th. TD Cowen raised their target price on Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Evercore ISI raised their target price on Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Morgan Stanley raised their target price on Amer Sports from $19.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Finally, Hsbc Global Res downgraded Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amer Sports currently has a consensus rating of “Moderate Buy” and an average target price of $32.64.

Amer Sports Stock Performance

Shares of NYSE AS opened at $27.70 on Monday. The stock has a market cap of $15.34 billion and a price-to-earnings ratio of -197.82. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. Amer Sports, Inc. has a 1-year low of $10.11 and a 1-year high of $34.00. The stock’s 50-day moving average is $29.93 and its 200 day moving average is $23.82.

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 company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. Amer Sports’s quarterly revenue was up 23.2% on a year-over-year basis. On average, sell-side analysts anticipate that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

About Amer Sports

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.