Charles Schwab Investment Management Inc. Invests $283,000 in Amer Sports, Inc. (NYSE:AS)

Charles Schwab Investment Management Inc. purchased a new stake in shares of Amer Sports, Inc. (NYSE:AS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,111 shares of the company’s stock, valued at approximately $283,000.

Several other large investors have also recently added to or reduced their stakes in AS. GAMMA Investing LLC increased its position in Amer Sports by 61.8% in the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock worth $54,000 after buying an additional 742 shares during the period. West Branch Capital LLC grew its position in shares of Amer Sports by 14,285.7% during the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock worth $28,000 after acquiring an additional 1,000 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Amer Sports in the 4th quarter worth about $42,000. JPMorgan Chase & Co. bought a new stake in Amer Sports in the 3rd quarter valued at about $25,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in Amer Sports during the 4th quarter valued at about $104,000. 40.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Robert W. Baird raised their price target on shares of Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. UBS Group lifted their target price on Amer Sports from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Hsbc Global Res lowered Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. Evercore ISI raised their price target on Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, Citigroup upped their price objective on shares of Amer Sports from $24.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amer Sports has an average rating of “Moderate Buy” and an average target price of $32.64.

Amer Sports Trading Up 0.4 %

Amer Sports stock opened at $26.84 on Wednesday. The business’s 50-day simple moving average is $29.50 and its 200-day simple moving average is $25.03. Amer Sports, Inc. has a 52 week low of $10.11 and a 52 week high of $34.00. The firm has a market capitalization of $14.87 billion and a PE ratio of -191.73. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate 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 positive return on equity of 3.15% and a negative net margin of 0.74%. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. Equities research analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share 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.