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

Amer Sports, Inc. (NYSE:AS) has been assigned an average recommendation of “Buy” from the seventeen brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $48.70.

A number of analysts recently weighed in on AS shares. Weiss Ratings raised shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. UBS Group raised their price target 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. Deutsche Bank Aktiengesellschaft set a $52.00 price target on shares of Amer Sports in a research report on Wednesday, May 20th. Truist Financial increased their price objective on Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Finally, Robert W. Baird set a $51.00 price objective on Amer Sports in a research note on Wednesday, May 20th.

Insiders Place Their Bets

In other Amer Sports news, CEO Stuart Haselden sold 215,275 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $35.57, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Andrew E. Page sold 105,230 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $36.75, for a total value of $3,867,202.50. Following the completion of the sale, the chief financial officer directly owned 4,083 shares in the company, valued at approximately $150,050.25. The trade was a 96.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 833,580 shares of company stock valued at $29,200,266 over the last 90 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its position in Amer Sports by 84.3% during the first quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock valued at $25,000 after purchasing an additional 348 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Amer Sports in the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Amer Sports by 484.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock worth $29,000 after buying an additional 703 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Amer Sports by 1,030.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock worth $30,000 after buying an additional 742 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Amer Sports by 241.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock valued at $42,000 after buying an additional 848 shares in the last quarter. 40.25% of the stock is currently owned by institutional investors.

Amer Sports Stock Up 0.1%

AS stock opened at $36.46 on Monday. The stock has a 50-day simple moving average of $34.83 and a two-hundred day simple moving average of $35.76. Amer Sports has a twelve month low of $28.92 and a twelve month high of $42.76. The firm has a market capitalization of $20.19 billion, a PE ratio of 45.58, a PEG ratio of 1.27 and a beta of 2.07. The company has a quick ratio of 0.82, a current ratio of 1.66 and a debt-to-equity ratio of 0.10.

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

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).