Shares of Amer Sports, Inc. (NYSE:AS - Get Free Report) have received an average recommendation of "Buy" from the sixteen ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $49.70.
Several research firms recently issued reports on AS. Piper Sandler reissued an "overweight" rating and issued a $45.00 target price on shares of Amer Sports in a research report on Monday, July 27th. Robert W. Baird set a $51.00 price target on shares of Amer Sports in a research report on Wednesday, May 20th. UBS Group increased their price target on shares of Amer Sports from $60.00 to $62.00 and gave the stock a "buy" rating in a research note on Wednesday, May 20th. Truist Financial lifted their price target 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. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Amer Sports in a research note on Friday, July 24th.
Read Our Latest Report on AS
Insider Transactions at Amer Sports
In related news, CEO Stuart Haselden sold 215,275 shares of Amer Sports stock in a transaction on 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 transaction, the chief executive officer owned 215,275 shares in the company, valued at approximately $7,657,331.75. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Wen-Chang (Victor) Chen sold 13,075 shares of the business's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $35.62, for a total value of $465,731.50. Following the sale, the insider directly owned 149,821 shares of the company's stock, valued at approximately $5,336,624.02. This trade represents a 8.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 833,580 shares of company stock valued at $29,200,266.
Institutional Trading of Amer Sports
Institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in 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 in the last quarter. Kestra Advisory Services LLC acquired a new position in Amer Sports during the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd lifted its position in Amer Sports by 484.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company's stock valued at $29,000 after buying an additional 703 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Amer Sports by 1,030.6% during the fourth 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 period. Finally, PNC Financial Services Group Inc. grew its stake in Amer Sports by 241.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company's stock worth $42,000 after buying an additional 848 shares during the period. Hedge funds and other institutional investors own 40.25% of the company's stock.
Amer Sports Stock Performance
NYSE AS opened at $33.12 on Friday. The business's 50-day moving average price is $35.03 and its 200 day moving average price is $35.46. 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 twelve month low of $28.92 and a twelve month high of $42.76. The company has a market capitalization of $18.34 billion, a PE ratio of 41.40, a price-to-earnings-growth ratio of 1.15 and a beta of 2.05.
Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.31 by $0.07. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The company had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the previous year, the business earned $0.27 EPS. The firm's revenue 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, research analysts predict that Amer Sports will post 1.22 earnings per share for the current year.
About Amer Sports
(
Get Free Report)
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).
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