Amer Sports, Inc. (NYSE:AS) Receives Average Recommendation of “Buy” from Analysts

Amer Sports, Inc. (NYSE:AS) has earned a consensus rating of “Buy” from the eighteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $48.1938.

A number of brokerages recently issued reports on AS. Robert W. Baird set a $51.00 price objective on shares of Amer Sports in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Amer Sports in a report on Wednesday, May 20th. Piper Sandler restated an “overweight” rating on shares of Amer Sports in a report on Friday, February 20th. UBS Group boosted 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. Finally, Truist Financial boosted their price objective on shares of Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, May 19th.

Amer Sports Stock Performance

AS stock opened at $35.55 on Friday. The business’s fifty day moving average is $34.58 and its 200-day moving average is $36.05. The company has a quick ratio of 0.82, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The company has a market cap of $19.69 billion, a P/E ratio of 44.44, a price-to-earnings-growth ratio of 1.24 and a beta of 2.16. Amer Sports has a twelve month low of $28.92 and a twelve month high of $42.76.

Amer Sports (NYSE:AS) last posted its quarterly earnings results 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 company had revenue of $1.95 billion for 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 firm’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 EPS. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. Equities research analysts forecast that Amer Sports will post 1.22 EPS for the current year.

Insider Buying and Selling

In related news, CFO Andrew E. Page sold 105,230 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $36.75, for a total transaction of $3,867,202.50. Following the completion of the transaction, the chief financial officer owned 4,083 shares in the company, valued at approximately $150,050.25. The trade was a 96.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stuart Haselden sold 11,438 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $36.26, for a total transaction of $414,741.88. Following the transaction, the chief executive officer owned 15,275 shares of the company’s stock, valued at approximately $553,871.50. This represents a 42.82% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 132,355 shares of company stock valued at $4,823,875.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Aspex Management HK Ltd acquired a new position in shares of Amer Sports in the third quarter valued at approximately $206,244,000. Polar Asset Management Partners Inc. acquired a new position in shares of Amer Sports in the third quarter valued at approximately $2,519,000. JPMorgan Chase & Co. boosted its holdings in shares of Amer Sports by 9.3% in the third 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 during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Amer Sports by 130.3% in the fourth 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 during the period. Finally, WT Asset Management Ltd boosted its holdings in shares of Amer Sports by 221.5% in the third 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 during the period. Institutional investors and hedge funds own 40.25% of the company’s stock.

About Amer Sports

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).