Public Employees Retirement System of Ohio Purchases Shares of 52,614 Amer Sports, Inc. $AS

Public Employees Retirement System of Ohio acquired a new position in Amer Sports, Inc. (NYSE:AS) during the 2nd quarter, HoldingsChannel reports. The fund acquired 52,614 shares of the company’s stock, valued at approximately $1,780,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in shares of Amer Sports by 84.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock valued at $25,000 after purchasing an additional 348 shares during the period. Kestra Advisory Services LLC acquired a new stake in Amer Sports during the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd grew its position in Amer Sports by 484.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock valued at $29,000 after buying an additional 703 shares during the period. Rockefeller Capital Management L.P. increased its holdings in Amer Sports by 1,030.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock valued at $30,000 after buying an additional 742 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Amer Sports by 241.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock valued at $42,000 after buying an additional 848 shares in the last quarter. Institutional investors and hedge funds own 40.25% of the company’s stock.

Insider Transactions at Amer Sports

In other Amer Sports news, CFO Andrew Page sold 2,022 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $28.63, for a total transaction of $57,889.86. Following the completion of the transaction, the chief financial officer owned 6,575 shares of the company’s stock, valued at $188,242.25. This represents a 23.52% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Amer Sports Stock Up 0.2%

Shares of NYSE AS opened at $29.59 on Monday. The company’s 50-day simple moving average is $33.80 and its 200-day simple moving average is $34.70. Amer Sports, Inc. has a 52-week low of $28.09 and a 52-week high of $42.76. The firm has a market cap of $16.39 billion, a price-to-earnings ratio of 31.15, a price-to-earnings-growth ratio of 0.95 and a beta of 1.99. The company has a quick ratio of 0.80, a current ratio of 1.76 and a debt-to-equity ratio of 0.11.

Amer Sports (NYSE:AS) last released its earnings results on Tuesday, August 18th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. Amer Sports had a net margin of 7.35% and a return on equity of 11.18%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the company earned $0.03 earnings per share. The company’s quarterly revenue was up 32.1% on a year-over-year basis. Amer Sports has set its FY 2026 guidance at 1.270-1.300 EPS and its Q3 2026 guidance at 0.310-0.330 EPS. Equities analysts predict that Amer Sports, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AS shares. Robert W. Baird set a $51.00 target price on shares of Amer Sports in a research note on Wednesday, May 20th. Truist Financial reduced their price target on Amer Sports from $50.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, August 19th. JPMorgan Chase & Co. increased their price target on Amer Sports from $59.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Amer Sports in a report on Wednesday, August 19th. Finally, Weiss Ratings cut Amer Sports from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Amer Sports currently has a consensus rating of “Moderate Buy” and an average target price of $49.14.

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).