Key Points
- Amer Sports insider Wen-Chang (Victor) Chen sold 13,075 shares on June 1 at an average price of $35.62, totaling about $465,731.50. After the sale, Chen still held 149,821 shares, an 8.03% reduction in the position.
- The stock fell 2.8% and opened at $34.42, sitting below its 50-day average of $34.77 and 200-day average of $36.19. Amer Sports has traded between $28.92 and $42.76 over the past year.
- Recent results beat expectations, with Q1 earnings of $0.38 per share versus $0.31 expected and revenue of $1.95 billion versus $1.84 billion forecast. Analysts remain upbeat, with a consensus rating of Buy and an average price target of $48.19.
Amer Sports, Inc. (NYSE:AS - Get Free Report) insider Wen-Chang (Victor) Chen sold 13,075 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $35.62, for a total value of $465,731.50. Following the sale, the insider owned 149,821 shares in the company, valued at $5,336,624.02. The trade was a 8.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Amer Sports Stock Down 2.8%
Shares of NYSE:AS opened at $34.42 on Thursday. Amer Sports, Inc. has a 1 year low of $28.92 and a 1 year high of $42.76. The business has a 50 day simple moving average of $34.77 and a two-hundred day simple moving average of $36.19. The firm has a market capitalization of $19.06 billion, a PE ratio of 43.02, a price-to-earnings-growth ratio of 1.23 and a beta of 2.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.82.
Amer Sports (NYSE:AS - Get Free Report) last released its earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.07. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the company earned $0.27 earnings per share. The business's revenue for the quarter was up 32.1% compared to the same quarter last year. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. On average, equities analysts predict that Amer Sports, Inc. will post 1.22 EPS for the current year.
Wall Street Analysts Forecast Growth
AS has been the subject of a number of recent research reports. Weiss Ratings raised shares of Amer Sports from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft set a $52.00 target price on shares of Amer Sports in a report on Wednesday, May 20th. Robert W. Baird set a $51.00 target price on shares of Amer Sports in a report on Wednesday, May 20th. Evercore boosted their target price on shares of Amer Sports from $50.00 to $51.00 and gave the stock an "outperform" rating in a report on Wednesday, February 25th. Finally, Piper Sandler reiterated an "overweight" rating on shares of Amer Sports in a report on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $48.19.
View Our Latest Analysis on Amer Sports
Institutional Investors Weigh In On Amer Sports
Large investors have recently bought and sold shares of the company. Aspex Management HK Ltd purchased a new position in shares of Amer Sports during the 3rd quarter valued at approximately $206,244,000. Polar Asset Management Partners Inc. purchased a new position in Amer Sports in the 3rd quarter valued at about $2,519,000. JPMorgan Chase & Co. lifted its stake in Amer Sports by 9.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 684,783 shares of the company's stock valued at $23,796,000 after buying an additional 58,350 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Amer Sports by 130.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,015,491 shares of the company's stock valued at $112,629,000 after buying an additional 1,705,944 shares in the last quarter. Finally, WT Asset Management Ltd lifted its stake in Amer Sports by 221.5% in the 3rd quarter. WT Asset Management Ltd now owns 3,499,062 shares of the company's stock valued at $121,592,000 after buying an additional 2,410,861 shares in the last quarter. Hedge funds and other institutional investors own 40.25% of the company's stock.
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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