Latest news with #AmerSports
Yahoo
2 days ago
- Business
- Yahoo
Amer Sports (NYSE:AS) Completes US$1.3 Billion Follow-On Equity Offering as Shareholders Seek Partial Exit
Amer Sports experienced a 56% price increase over the past month, amidst significant financial developments. The company successfully completed a $1.302 billion follow-on equity offering while an Asian private equity firm, FountainVest Partners, aimed to sell about half its shares in Amer Sports, marking a major shift in shareholder dynamics. This activity coincided with a strong release of Q1 2025 earnings, showing increased sales and net income, and raised corporate guidance. While market conditions remained mixed, these events provided a significant counterweight, driving Amer Sports's upward momentum distinct from broader market trends. Buy, Hold or Sell Amer Sports? View our complete analysis and fair value estimate and you decide. Find companies with promising cash flow potential yet trading below their fair value. The recent developments around Amer Sports, including the significant price increase and the restructuring of its shareholder base, have the potential to reinforce the company's strategic narrative. With the company's expansion in the Asia-Pacific region and investments in direct-to-consumer channels, the additional capital from the $1.30 billion equity offering could further bolster these growth initiatives. Over the past year, Amer Sports has achieved a total return of over 150%, which provides a robust context for its recent achievements and underscores investor confidence amid changing market dynamics. Compared to the overall U.S. market return of 11.3% over the past year, Amer Sports' performance has been exceptional, particularly as it outpaced the U.S. Luxury industry's return, which was negative. This puts the company in a favorable competitive position. The company's strengthened financial position and positive Q1 2025 earnings could have a meaningful impact on revenue and earnings forecasts. Analysts expect revenue to grow by 13.8% annually over the next three years, with earnings anticipated to rise to US$728.60 million by 2028. Despite these upbeat projections, potential risks related to brand concentration and macroeconomic uncertainties still pose challenges. It's important to consider that the current share price of US$37.04 is closely aligned with the analyst price target of US$40.17, indicating a 7.8% upside potential. This suggests that the recent news and the company's growth prospects are somewhat priced in, making it essential for investors to continually assess growth assumptions against financial realities. Assess Amer Sports' future earnings estimates with our detailed growth reports. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:AS. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
6 days ago
- Business
- Bloomberg
FountainVest Seeks $1.32 Billion in Arc'teryx Maker Share Sale
An Asian private equity firm is seeking to raise as much as $1.32 billion in a sale of about half its shares in Amer Sports Inc., as early investors in the maker of sporting goods including Arc'teryx clothing look to cash out. Affiliates of FountainVest Partners are offering 35 million shares of Amer for $37.20 to $37.73 each, according to terms of the deal seen by Bloomberg News. The buyout firm was part of a consortium that acquired Amer for $5.2 billion in a deal completed in 2019.
Yahoo
27-05-2025
- Business
- Yahoo
Trump Says US Should Produce Tech and Tanks, Not T-Shirts and Sneakers
President Donald Trump has reiterated controversial comments made by his cabinet about the need—or lack thereof—for a domestic supply chain for shoes and apparel. The president's short second term has been defined by persistent tariff upheaval—a shifting strategy that he has said will serve to bring more production back to the U.S., resulting in new jobs and greater self-sufficiency. But as the president was boarding Air Force One in New Jersey on Sunday, he singled out the fashion sector—footwear and clothing—as one the country might do well enough without. More from Sourcing Journal Amer Sports Raises 2025 Guidance, Tariffs Not Major Concern Reshoring Reality: Turning Turmoil into Domestic Opportunity US Footwear Manufacturers Tell Trump Tariffs Should Fund Onshoring Resurgence 'We're not looking to make sneakers and T-shirts. We want to make military equipment. We want to make big things,' he told reporters. 'I'm not looking to make T-shirts, to be honest. I'm not looking to make socks. We can do that very well in other locations.' The president said the country's focus should be on chips, computers, tanks and ships—military equipment and technology, rather than soft goods. The commentary on reshoring echoes a recent statement made by Treasury Secretary Scott Bessent, who also said that the U.S. doesn't necessarily need a 'booming textile industry.' The National Council of Textile Organizations (NCTO)—and its members—reacted swiftly to the assertion, taking issue with the administration's stance that textiles don't represent a critical industry for America, though they serve manifold military and industrial applications in addition to contributing to the consumer products sector. 'The U.S. textile industry was proud to make lifesaving PPE during the first Trump Administration in response to Covid. The U.S. proudly makes over 8,000 different products to the U.S. military alone to ensure we do not have to rely on foreign adversaries to make essential products. This is a strategically important, relevant, and key industry,' Glas wrote in early May, adding that American makers of man-made fiber, yarns, fabrics, apparel and non-apparel sewn products produced $64 billion in goods last year, exporting $28 billion worth to other countries. More than 30 manufacturing CEOs and cotton farmers wrote their own letter to the Treasury Secretary, telling him that he was mistaken in believing that there isn't a robust supply chain for such products in the U.S. American Apparel and Footwear Association (AAFA) president and CEO Steve Lamar said the administration's trade policies—with tariffs at the center—aren't helping domestic producers. 'We agree that tariffs are not the path to scaling up U.S.-made clothing and shoes. As we've said time and time again, tariffs are not the solution to strengthening or growing the 3.5 million American jobs already supported by the apparel and footwear industry,' he said following the president's weekend comments. 'Our domestic labor market simply does not have the labor demands to fulfill manufacturing for an industry that touches every American family.' With 97 percent of Americans' clothes and shoes imported from across the globe, many at high tariff rates, the administration should focus on 'common sense solutions that can move the needle,' he believes. Duties on foreign-made products and inputs end up costing manufacturers that rely on them to create finished goods, he argued. And the consumer ultimately pays the price. There are pressing reasons to bolster the onshoring of certain products, like those to support the armed forces, he said. Lamar pointed to a strengthening of the Berry Amendment, which lays out stipulations for the procurement of military uniforms and certain tactical gear, like boots, as a should-be priority. 'Leveraging existing policies and practical approaches offer a real opportunity to boost U.S. apparel and footwear manufacturing and ensure that our troops are outfitted with goods that are 100-percent made in America,' he said. The U.S. Footwear Manufacturing Association (USFMA) recently implored the administration to tighten up the law and to pass the Better Outfitting Our Troops (BOOTS) Act in Congress, which would require that all boots worn by all U.S. military personnel be made in America. 'If we truly want to support U.S. manufacturers—many of whom have generations of experience—we should focus on strengthening their capabilities, not burdening them with tariffs,' Lamar added. Trump made some headway in smoothing over tensions with trade partners on Sunday. The president agreed to extend a 50 percent tariff deadline on goods from the European Union until July 9 (the date that the deferral of reciprocal tariffs on other trading partners across the globe will expire), presumably to allow for the pursuit of a trade agreement in the interim. 'I received a call today from Ursula von der Leyen, President of the European Commission, requesting an extension on the June 1st deadline on the 50% Tariff with respect to Trade and the European Union,' Trump Truthed. Von der Leyen wrote on X that 'Europe is ready to advance talks swiftly and decisively,' and that the trade bloc needs the extension to 'reach a good deal' with the U.S.
Yahoo
26-05-2025
- Business
- Yahoo
Evercore ISI Keeps Buy Rating on Amer Sports (AS), Lifts PT
In a report released on May 21, Michael Binetti from Evercore ISI maintained a Buy rating on Amer Sports, Inc. (NYSE:AS) and raised its price target to $43 from $36. The rating came after the company released strong fiscal Q1 2025 results on May 20, raising its full-year revenue and EPS guidance. Amer Sports, Inc. (NYSE:AS) experienced a notable 23% sales growth in fiscal Q1 2025, or 26% excluding currency effects. Its adjusted operating margin also expanded by around 500 basis points. The positive trends highlight the company's strategic focus on boosting its market reach and increasing profitability, which is why analysts are bullish on the stock. A group of professional athletes wearing the company's performance apparel in a sports event. The key drivers of positive performance for Amer Sports, Inc. (NYSE:AS) in the quarter were its Technical Apparel and Outdoor Performance segments. Technical Apparel rose 28% to $664 million (or 32% on a constant currency basis), while Outdoor Performance grew 25% to $502 million (or 29% on a constant currency basis). The numbers reflect strong demand for its products, supporting the optimistic sentiment. Amer Sports, Inc. (NYSE:AS) plans to continue this momentum and anticipates revenue growth of 15% to 17% for fiscal year 2025. While we acknowledge the potential of AS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AS and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None.
Yahoo
25-05-2025
- Business
- Yahoo
Evercore ISI Keeps Buy Rating on Amer Sports (AS), Lifts PT
In a report released on May 21, Michael Binetti from Evercore ISI maintained a Buy rating on Amer Sports, Inc. (NYSE:AS) and raised its price target to $43 from $36. The rating came after the company released strong fiscal Q1 2025 results on May 20, raising its full-year revenue and EPS guidance. Amer Sports, Inc. (NYSE:AS) experienced a notable 23% sales growth in fiscal Q1 2025, or 26% excluding currency effects. Its adjusted operating margin also expanded by around 500 basis points. The positive trends highlight the company's strategic focus on boosting its market reach and increasing profitability, which is why analysts are bullish on the stock. A group of professional athletes wearing the company's performance apparel in a sports event. The key drivers of positive performance for Amer Sports, Inc. (NYSE:AS) in the quarter were its Technical Apparel and Outdoor Performance segments. Technical Apparel rose 28% to $664 million (or 32% on a constant currency basis), while Outdoor Performance grew 25% to $502 million (or 29% on a constant currency basis). The numbers reflect strong demand for its products, supporting the optimistic sentiment. Amer Sports, Inc. (NYSE:AS) plans to continue this momentum and anticipates revenue growth of 15% to 17% for fiscal year 2025. While we acknowledge the potential of AS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AS and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None.
