8 Best Golf Stocks To Invest In According to Hedge Funds

6. Amer Sports Inc. (NYSE:AS)

Average Upside Potential: 10.13%

Number of Hedge Fund Holders: 14

Amer Sports Inc. (NYSE:AS) is a global group of the world’s most recognized and respected sports and outdoor brands, including Wilson, Arc’teryx, Salomon, Atomic, and Peak Performance, focusing on premium sports and outdoor products, catering to athletes and enthusiasts across various sports, including golf. Wilson, in particular, is a major player in the golf industry, producing high-quality golf equipment like clubs, balls, and accessories. Although it produces golf equipment, the primary recognition is for products in tennis among others.

In the second quarter of 2024, the company achieved significant revenue growth, increasing by 16% to $993.80 million. This growth was driven by robust performance across all segments, with Technical Apparel revenue increasing by 34%. Outdoor Performance revenue grew by 11%. While the Ball & Racquet Sports segment saw a modest 1% increase year-over-year. Adjusted net income increased by 129% to $25 million, or $0.05 diluted earnings per share.

In the earlier days of October, the company reported a significant growth in Greater China during the recent Golden Week holiday. CEO, James Zheng, highlighted this strong performance during investor meetings in Shanghai. Golden Week, a major shopping period in China, saw Amer Sports Inc.’s (NYSE:AS) revenue surge over 60% year-over-year. This growth was driven by increased sales at Salomon, Wilson, and Arc’teryx stores. The company remains optimistic about the long-term growth prospects in China, particularly in the outdoor segment, which has shown resilience despite broader economic challenges.

Amer Sports Inc. (NYSE:AS) exceeded expectations across key metrics in Q2. The company’s premium brands, particularly Arc’teryx, continue to drive significant growth and profitability. With a robust product pipeline and disciplined financial management, it is well-positioned for continued success in the future.