Capstone Capital Management Ltd Makes New Investment in Amer Sports, Inc. $AS

Capstone Capital Management Ltd acquired a new stake in shares of Amer Sports, Inc. (NYSE:AS) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 30,597 shares of the company’s stock, valued at approximately $1,007,000. Amer Sports comprises 1.0% of Capstone Capital Management Ltd’s portfolio, making the stock its 26th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in AS. Aspex Management HK Ltd boosted its stake in shares of Amer Sports by 27.9% during the 4th quarter. Aspex Management HK Ltd now owns 7,593,627 shares of the company’s stock worth $283,622,000 after purchasing an additional 1,658,536 shares during the period. Viking Global Investors LP raised its position in Amer Sports by 63.5% in the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock worth $220,436,000 after purchasing an additional 2,462,832 shares during the period. Artisan Partners Limited Partnership lifted its stake in Amer Sports by 1,306.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock worth $194,759,000 after purchasing an additional 4,843,742 shares during the last quarter. Avala Global LP boosted its position in shares of Amer Sports by 38.8% during the fourth quarter. Avala Global LP now owns 4,637,149 shares of the company’s stock valued at $173,198,000 after buying an additional 1,297,200 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of Amer Sports by 57.5% during the third quarter. BNP Paribas Financial Markets now owns 3,991,563 shares of the company’s stock valued at $138,707,000 after buying an additional 1,457,951 shares during the period. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Insider Transactions at Amer Sports

In related news, CEO Jie (James) Zheng sold 500,000 shares of Amer Sports stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $34.42, for a total value of $17,210,000.00. Following the completion of the sale, the chief executive officer directly owned 1,262,385 shares in the company, valued at $43,451,291.70. The trade was a 28.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Stuart Haselden sold 215,275 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $35.57, for a total transaction of $7,657,331.75. Following the completion of the sale, the chief executive officer directly owned 215,275 shares of the company’s stock, valued at approximately $7,657,331.75. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 851,685 shares of company stock worth $29,856,753.

Amer Sports Stock Down 0.3%

Shares of NYSE:AS opened at $33.93 on Thursday. The business’s 50 day moving average is $34.91 and its 200 day moving average is $35.91. The stock has a market cap of $18.79 billion, a P/E ratio of 42.41, a price-to-earnings-growth ratio of 1.18 and a beta of 2.07. Amer Sports, Inc. has a 52-week low of $28.92 and a 52-week high of $42.76. The company has a quick ratio of 0.82, a current ratio of 1.66 and a debt-to-equity ratio of 0.10.

Amer Sports (NYSE:AS) last issued its earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the company posted $0.27 EPS. Amer Sports’s revenue was up 32.1% on a year-over-year basis. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. Sell-side analysts predict that Amer Sports, Inc. will post 1.22 EPS for the current year.

Wall Street Analyst Weigh In

AS has been the topic of several recent analyst reports. UBS Group increased their price target on Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Weiss Ratings upgraded Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on Amer Sports in a report on Wednesday, May 20th. Truist Financial increased their target price on Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Finally, Robert W. Baird set a $51.00 target price on Amer Sports in a research note on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $48.70.

About Amer Sports

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).