Key Points
- Amer Sports CEO Stuart Haselden sold 215,275 shares on June 1 at an average price of $35.57, totaling about $7.66 million. The sale cut his reported ownership by 50%.
- The company recently posted strong quarterly results, with EPS of $0.38 beating estimates and revenue of $1.95 billion also topping forecasts. Revenue rose 32.1% year over year, and Amer Sports raised FY 2026 guidance to $1.18-$1.23 EPS.
- Wall Street remains bullish on AS, with a consensus rating of “Buy” and an average price target of $48.19. Several analysts recently reiterated or raised targets, including estimates as high as $52.
Amer Sports, Inc. (NYSE:AS - Get Free Report) CEO Stuart Haselden sold 215,275 shares of the firm's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $35.57, for a total value of $7,657,331.75. Following the completion of the sale, the chief executive officer directly owned 215,275 shares in the company, valued at $7,657,331.75. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Stuart Haselden also recently made the following trade(s):
- On Thursday, April 16th, Stuart Haselden sold 11,438 shares of Amer Sports stock. The shares were sold at an average price of $36.26, for a total value of $414,741.88.
- On Thursday, April 2nd, Stuart Haselden sold 6,511 shares of Amer Sports stock. The shares were sold at an average price of $33.28, for a total value of $216,686.08.
Amer Sports Stock Performance
NYSE:AS opened at $35.36 on Wednesday. The stock's 50-day simple moving average is $34.64 and its 200 day simple moving average is $36.13. The firm has a market capitalization of $19.58 billion, a PE ratio of 44.20, a price-to-earnings-growth ratio of 1.24 and a beta of 2.05. The company has a quick ratio of 0.82, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. Amer Sports, Inc. has a twelve month low of $28.92 and a twelve month high of $42.76.
Amer Sports (NYSE:AS - Get Free Report) last posted its earnings results on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.31 by $0.07. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.84 billion. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The business's quarterly revenue was up 32.1% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. On average, analysts anticipate that Amer Sports, Inc. will post 1.22 EPS for the current fiscal year.
Hedge Funds Weigh In On Amer Sports
A number of hedge funds have recently made changes to their positions in AS. EverSource Wealth Advisors LLC raised its position in shares of Amer Sports by 84.3% during the first quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company's stock worth $25,000 after acquiring an additional 348 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Amer Sports during the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd raised its position in shares of Amer Sports by 484.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company's stock worth $29,000 after acquiring an additional 703 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Amer Sports by 1,030.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company's stock worth $30,000 after acquiring an additional 742 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Amer Sports by 241.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company's stock worth $42,000 after acquiring an additional 848 shares during the last quarter. 40.25% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have commented on AS shares. Piper Sandler reiterated an "overweight" rating on shares of Amer Sports in a research report on Friday, February 20th. Evercore increased their target price on Amer Sports from $50.00 to $51.00 and gave the company an "outperform" rating in a research report on Wednesday, February 25th. Weiss Ratings upgraded Amer Sports from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft set a $52.00 target price on Amer Sports in a research report on Wednesday, May 20th. Finally, Robert W. Baird set a $51.00 target price on Amer Sports in a research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $48.19.
Check Out Our Latest Stock Analysis on AS
Amer Sports Company Profile
(
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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