Stuart Haselden Sells 215,275 Shares of Amer Sports (NYSE:AS) Stock

Amer Sports, Inc. (NYSE:AS) CEO Stuart Haselden sold 215,275 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $35.57, for a total transaction of $7,657,331.75. Following the sale, the chief executive officer owned 215,275 shares of the company’s stock, valued at $7,657,331.75. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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 Down 2.8%

Amer Sports stock opened at $34.42 on Thursday. Amer Sports, Inc. has a twelve month low of $28.92 and a twelve month high of $42.76. The stock has a 50 day moving average of $34.77 and a two-hundred day moving average of $36.19. The company has a current ratio of 1.66, a quick ratio of 0.82 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $19.06 billion, a price-to-earnings ratio of 43.02, a PEG ratio of 1.23 and a beta of 2.05.

Amer Sports (NYSE:AS) last released its earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’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. As a group, research analysts expect that Amer Sports, Inc. will post 1.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake in shares of Amer Sports by 84.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock worth $25,000 after purchasing an additional 348 shares during the period. Federation des caisses Desjardins du Quebec grew its position in shares of Amer Sports by 10.0% in the fourth 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. Choreo LLC increased its stake in Amer Sports by 4.9% in the fourth quarter. Choreo LLC now owns 9,387 shares of the company’s stock valued at $354,000 after purchasing an additional 437 shares during the last quarter. Mackenzie Financial Corp increased its stake in Amer Sports by 1.1% in the third quarter. Mackenzie Financial Corp now owns 48,745 shares of the company’s stock valued at $1,694,000 after purchasing an additional 540 shares during the last quarter. Finally, Moore Capital Management LP lifted its position in Amer Sports by 3.6% during the fourth quarter. Moore Capital Management LP now owns 18,572 shares of the company’s stock worth $694,000 after buying an additional 651 shares during the period. 40.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on AS. Evercore raised their target price on shares of Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $52.00 price target on shares of Amer Sports in a report on Wednesday, May 20th. Truist Financial lifted their price objective on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Finally, UBS Group boosted their target price on Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $48.19.

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).