Proficio Capital Partners LLC Buys Shares of 22,088 Amer Sports, Inc. (NYSE:AS)

Proficio Capital Partners LLC bought a new stake in shares of Amer Sports, Inc. (NYSE:AS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 22,088 shares of the company’s stock, valued at approximately $618,000.

Several other large investors have also recently bought and sold shares of AS. GAMMA Investing LLC boosted its position in shares of Amer Sports by 61.8% during the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock valued at $54,000 after purchasing an additional 742 shares in the last quarter. West Branch Capital LLC boosted its position in shares of Amer Sports by 14,285.7% during the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock valued at $28,000 after purchasing an additional 1,000 shares in the last quarter. Kieckhefer Group LLC bought a new position in shares of Amer Sports during the 4th quarter valued at about $42,000. JPMorgan Chase & Co. bought a new position in shares of Amer Sports during the 3rd quarter valued at about $25,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Amer Sports during the 4th quarter valued at about $104,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Stock Performance

AS stock opened at $26.89 on Monday. 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 stock has a market cap of $14.69 billion and a P/E ratio of -192.03. The firm has a 50 day simple moving average of $30.11 and a 200 day simple moving average of $23.38. Amer Sports, Inc. has a 52 week low of $10.11 and a 52 week high of $34.00.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The business 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%. Amer Sports’s quarterly revenue was up 23.2% on a year-over-year basis. Research analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Evercore ISI raised their price objective on shares of Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. TD Cowen raised their target price on shares of Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Robert W. Baird raised their target price on shares of Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. HSBC cut shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a report on Monday, December 16th. Finally, The Goldman Sachs Group raised their target price on shares of Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.64.

Amer Sports Company 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.