Andrew Page Sells 105,230 Shares of Amer Sports (NYSE:AS) Stock

Amer Sports, Inc. (NYSE:AS) CFO Andrew Page sold 105,230 shares of Amer Sports stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total transaction of $3,867,202.50. Following the transaction, the chief financial officer directly owned 4,083 shares of the company’s stock, valued at $150,050.25. The trade was a 96.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Amer Sports Stock Down 1.7%

NYSE AS opened at $36.03 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The company has a fifty day moving average of $34.54 and a two-hundred day moving average of $36.05. The firm has a market capitalization of $19.95 billion, a price-to-earnings ratio of 45.03, a PEG ratio of 1.27 and a beta of 2.16. Amer Sports, Inc. has a 52 week low of $28.92 and a 52 week high of $42.76.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.31 by $0.07. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.84 billion. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. Amer Sports’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 earnings per share. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. On average, analysts predict that Amer Sports, Inc. will post 1.22 earnings per share for the current year.

Analysts Set New Price Targets

AS has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft set a $52.00 target price on shares of Amer Sports in a research note on Wednesday, May 20th. Robert W. Baird set a $51.00 target price on shares of Amer Sports in a research note on Wednesday, May 20th. Piper Sandler reissued an “overweight” rating on shares of Amer Sports in a research note on Friday, February 20th. 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. Finally, Evercore boosted their target price on shares of Amer Sports from $50.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Amer Sports presently has a consensus rating of “Buy” and an average price target of $48.19.

Institutional Trading of Amer Sports

A number of large investors have recently made changes to their positions in the stock. Alpine Woods Capital Investors LLC purchased a new stake in shares of Amer Sports during the first quarter valued at $221,000. Edgestream Partners L.P. bought a new stake in shares of Amer Sports in the first quarter valued at about $1,220,000. Amundi raised its holdings in shares of Amer Sports by 209.6% in the first quarter. Amundi now owns 611,820 shares of the company’s stock valued at $20,141,000 after acquiring an additional 414,233 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Amer Sports by 84.3% in the first quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock valued at $25,000 after acquiring an additional 348 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Amer Sports by 16.9% in the first quarter. The Manufacturers Life Insurance Company now owns 44,871 shares of the company’s stock valued at $1,477,000 after acquiring an additional 6,496 shares in the last quarter. 40.25% of the stock is owned by hedge funds and other institutional investors.

Amer Sports Company Profile

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).