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

Amer Sports, Inc. (NYSE:AS) has been assigned a consensus recommendation of “Buy” from the seventeen research firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $48.4533.

A number of analysts have recently issued reports on the company. Robert W. Baird set a $51.00 price objective on Amer Sports in a research report on Wednesday, May 20th. UBS Group boosted their price objective on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Truist Financial boosted their price objective on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Weiss Ratings upgraded Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. Finally, Evercore boosted their price target on Amer Sports from $50.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th.

Amer Sports Stock Performance

AS opened at $35.11 on Thursday. The stock has a market cap of $19.44 billion, a PE ratio of 43.89, a P/E/G ratio of 1.21 and a beta of 2.05. The company has a current ratio of 1.66, a quick ratio of 0.82 and a debt-to-equity ratio of 0.10. Amer Sports has a 1 year low of $28.92 and a 1 year high of $42.76. The stock’s 50 day simple moving average is $35.30 and its 200-day simple moving average is $36.19.

Amer Sports (NYSE:AS) last released its quarterly earnings data 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. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.Amer Sports’s quarterly revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 earnings per share. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. Sell-side 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 on Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total value of $3,867,202.50. Following the sale, the chief financial officer owned 4,083 shares of the company’s stock, valued at $150,050.25. The trade was a 96.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stuart Haselden sold 215,275 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $35.57, for a total value of $7,657,331.75. Following the completion of the sale, the chief executive officer directly owned 215,275 shares in the company, valued at approximately $7,657,331.75. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 860,705 shares of company stock worth $30,156,939 in the last quarter.

Institutional Trading of Amer Sports

Several institutional investors have recently bought and sold shares of AS. Aspex Management HK Ltd acquired a new stake in Amer Sports in the 3rd quarter valued at $206,244,000. Artisan Partners Limited Partnership boosted its stake in Amer Sports by 1,306.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock valued at $194,759,000 after buying an additional 4,843,742 shares in the last quarter. Scopus Asset Management L.P. acquired a new stake in Amer Sports in the 2nd quarter valued at $108,562,000. Viking Global Investors LP boosted its stake in Amer Sports by 63.5% in the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock valued at $220,436,000 after buying an additional 2,462,832 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in Amer Sports in the 2nd quarter valued at $87,287,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

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).