Key Points
- Amer Sports CFO Andrew Page sold 105,230 shares on May 26 at an average price of $36.75, generating about $3.87 million. After the sale, he directly owned 4,083 shares, a drop of 96.26% in his holdings.
- The company’s latest earnings beat expectations, with quarterly EPS of $0.38 versus estimates of $0.31 and revenue of $1.95 billion versus $1.84 billion expected. Revenue rose 32.1% year over year, and Amer Sports also reaffirmed FY 2026 guidance of $1.18-$1.23 EPS.
- Wall Street remains broadly positive on AS, with a consensus rating of “Buy” and an average price target of $48.19. Several firms recently raised or reiterated targets, including UBS at $62 and Robert W. Baird and Deutsche Bank at $51-$52.
Amer Sports, Inc. (NYSE:AS - Get Free Report) CFO Andrew Page sold 105,230 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $36.75, for a total value of $3,867,202.50. Following the completion of the transaction, the chief financial officer directly owned 4,083 shares in the company, valued at $150,050.25. This represents a 96.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Amer Sports Stock Down 0.3%
Shares of AS stock opened at $36.76 on Thursday. The stock's 50-day simple moving average is $34.49 and its 200-day simple moving average is $36.01. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 1.66. The firm has a market capitalization of $20.36 billion, a PE ratio of 45.96, a P/E/G ratio of 1.28 and a beta of 2.16. Amer Sports, Inc. has a fifty-two week low of $28.92 and a fifty-two week high of $42.76.
Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.84 billion. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The company's revenue was up 32.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.27 earnings per share. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. Equities analysts expect that Amer Sports, Inc. will post 1.22 earnings per share for the current year.
Institutional Trading of Amer Sports
Several hedge funds and other institutional investors have recently bought and sold shares of AS. AQR Capital Management LLC acquired a new stake in Amer Sports during the first quarter worth about $565,000. Goldman Sachs Group Inc. boosted its holdings in Amer Sports by 44.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company's stock worth $31,372,000 after buying an additional 358,536 shares in the last quarter. Legal & General Group Plc boosted its holdings in Amer Sports by 103.2% during the second quarter. Legal & General Group Plc now owns 16,404 shares of the company's stock worth $636,000 after buying an additional 8,330 shares in the last quarter. American Century Companies Inc. purchased a new stake in Amer Sports during the second quarter worth $472,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Amer Sports by 276.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,364 shares of the company's stock worth $130,000 after buying an additional 2,470 shares in the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have recently commented on AS. Robert W. Baird set a $51.00 price objective on shares of Amer Sports in a report on Wednesday, May 20th. Evercore upped their price objective on shares of Amer Sports from $50.00 to $51.00 and gave the company an "outperform" rating in a report on Wednesday, February 25th. UBS Group upped their price objective on shares of Amer Sports from $60.00 to $62.00 and gave the company a "buy" rating in a report on Wednesday, May 20th. Piper Sandler reaffirmed an "overweight" rating on shares of Amer Sports in a report on Friday, February 20th. Finally, Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Amer Sports in a report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Amer Sports currently has a consensus rating of "Buy" and a consensus price target of $48.19.
Read Our Latest Research Report on Amer Sports
About Amer Sports
(
Get Free Report)
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).
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