Key Points
- Amer Sports CFO Andrew Page sold 2,022 shares for approximately $57,890 to cover tax withholding tied to vested equity awards, reducing his direct ownership by 23.52% to 6,575 shares.
- The stock opened at $28.65, near its 12-month low of $28.54 and well below its 50-day and 200-day moving averages. Amer Sports has a $15.87 billion market capitalization and a price-to-earnings ratio of 30.15.
- Recent quarterly results exceeded expectations, with EPS of $0.22 versus the $0.11 consensus estimate and revenue rising 32.1% year over year to $1.63 billion. Analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and a $49.14 price target.
Amer Sports, Inc. (NYSE:AS - Get Free Report) CFO Andrew Page sold 2,022 shares of the business's stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $28.63, for a total transaction of $57,889.86. Following the completion of the sale, the chief financial officer directly owned 6,575 shares of the company's stock, valued at $188,242.25. This represents a 23.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Amer Sports Stock Performance
NYSE AS opened at $28.65 on Thursday. The company has a 50-day simple moving average of $34.00 and a two-hundred day simple moving average of $34.85. Amer Sports, Inc. has a 12-month low of $28.54 and a 12-month high of $42.76. The firm has a market cap of $15.87 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 0.94 and a beta of 1.99. The company has a quick ratio of 0.80, a current ratio of 1.76 and a debt-to-equity ratio of 0.11.
Amer Sports (NYSE:AS - Get Free Report) last released its quarterly earnings data on Tuesday, August 18th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.11 by $0.11. Amer Sports had a return on equity of 11.18% and a net margin of 7.35%.The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the business earned $0.03 earnings per share. The company's quarterly revenue was up 32.1% on a year-over-year basis. Amer Sports has set its FY 2026 guidance at 1.270-1.300 EPS and its Q3 2026 guidance at 0.310-0.330 EPS. On average, equities analysts forecast that Amer Sports, Inc. will post 1.29 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its holdings in Amer Sports by 84.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company's stock worth $25,000 after buying an additional 348 shares during the period. GAMMA Investing LLC increased its position in Amer Sports by 10.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,223 shares of the company's stock valued at $143,000 after purchasing an additional 405 shares during the period. Federation des caisses Desjardins du Quebec increased its position in Amer Sports by 10.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,466 shares of the company's stock valued at $167,000 after purchasing an additional 405 shares during the period. TD Waterhouse Canada Inc. raised its holdings in Amer Sports by 14.9% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 3,329 shares of the company's stock worth $114,000 after purchasing an additional 432 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in Amer Sports by 1.1% in the 3rd quarter. Mackenzie Financial Corp now owns 48,745 shares of the company's stock worth $1,694,000 after purchasing an additional 540 shares in the last quarter. Institutional investors own 40.25% of the company's stock.
Analysts Set New Price Targets
Several analysts have weighed in on AS shares. UBS Group reiterated a "buy" rating on shares of Amer Sports in a research report on Wednesday, August 19th. Weiss Ratings cut shares of Amer Sports from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, August 19th. Piper Sandler reaffirmed an "overweight" rating on shares of Amer Sports in a research note on Wednesday, August 19th. Barclays upped their price target on shares of Amer Sports from $49.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, August 19th. Finally, Truist Financial dropped their price target on shares of Amer Sports from $50.00 to $42.00 and set a "buy" rating for the company in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Amer Sports has an average rating of "Moderate Buy" and a consensus target price of $49.14.
Get 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).
Further Reading
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