Dakota Wealth Management Takes $1.08 Million Position in Amer Sports, Inc. (NYSE:AS)

Dakota Wealth Management bought a new stake in Amer Sports, Inc. (NYSE:AS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 38,732 shares of the company’s stock, valued at approximately $1,083,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AS. FMR LLC increased its stake in shares of Amer Sports by 71.2% in the third 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 in the last quarter. Point72 Asset Management L.P. boosted its holdings in Amer Sports by 308.3% in the second quarter. Point72 Asset Management L.P. now owns 3,106,202 shares of the company’s stock valued at $39,045,000 after acquiring an additional 2,345,420 shares during the last quarter. Woodson Capital Management LP bought a new position in Amer Sports in the third quarter valued at about $12,907,000. WT Asset Management Ltd boosted its holdings in Amer Sports by 104.4% in the third quarter. WT Asset Management Ltd now owns 1,251,181 shares of the company’s stock valued at $19,956,000 after acquiring an additional 638,939 shares during the last quarter. Finally, State Street Corp boosted its holdings in Amer Sports by 65.1% in the third quarter. State Street Corp now owns 884,526 shares of the company’s stock valued at $14,108,000 after acquiring an additional 348,877 shares during the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Amer Sports Trading Up 0.2 %

Shares of Amer Sports stock opened at $30.84 on Friday. Amer Sports, Inc. has a 12-month low of $10.11 and a 12-month high of $31.60. The stock has a market cap of $16.85 billion and a P/E ratio of -220.27. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $27.05 and its 200-day moving average is $19.05.

Analyst Ratings Changes

AS has been the topic of several recent research reports. Wells Fargo & Company raised their price target on Amer Sports from $20.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. Morgan Stanley raised their price target on Amer Sports from $19.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday. UBS Group raised their target price on Amer Sports from $27.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. TD Cowen raised their target price on Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group raised their target price on Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.07.

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.