Amer Sports
About: Amer Sports manages a diverse portfolio of 10 outdoor and action sports brands that collectively generated revenue of $4.4 billion in 2023. Although primarily owned by the Chinese conglomerate Anta Sports, Amer operates with a degree of autonomy. In its rapidly expanding China business, the company is subject to closer oversight, but it manages its operations outside of China with relative independence. In 2023, the firm generates 40% of its revenue from the Americas, 33% from Europe, the Middle East, and Africa, 19% from China, and 7% from Asia-Pacific, excluding China.
Employees: 11,400
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
4% more funds holding
Funds holding: 84 [Q1] → 87 (+3) [Q2]
9% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 33
0.25% more ownership
Funds ownership: 21.94% [Q1] → 22.19% (+0.25%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]
19% less capital invested
Capital invested by funds: $1.75B [Q1] → $1.41B (-$341M) [Q2]
30% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 27
44% less call options, than puts
Call options by funds: $388K | Put options by funds: $688K
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Goldman Sachs Brooke Roach 53% 1-year accuracy 17 / 32 met price target | 12%upside $21 | Buy Maintained | 21 Oct 2024 |
TD Cowen John Kernan 64% 1-year accuracy 23 / 36 met price target | 12%upside $21 | Buy Maintained | 15 Oct 2024 |
Wells Fargo Ike Boruchow 63% 1-year accuracy 24 / 38 met price target | 1%upside $19 | Equal-Weight Downgraded | 14 Oct 2024 |
UBS Jay Sole 52% 1-year accuracy 12 / 23 met price target | 1%upside $19 | Buy Maintained | 21 Aug 2024 |
Evercore ISI Group Michael Binetti 51% 1-year accuracy 23 / 45 met price target | 12%upside $21 | Outperform Maintained | 21 Aug 2024 |
Financial journalist opinion
Based on 3 articles about AS published over the past 30 days
