Amer Sports (NYSE:AS) Earns Buy Rating from Analysts at BTIG Research

Key Points

• BTIG Research initiated coverage with a Buy rating and a $42 price target, implying 51.25% upside from Amer Sports’ prior close of $27.77.
• Analyst sentiment is broadly positive: Amer Sports has a “Moderate Buy” consensus rating and a $47.25 average price target, with 15 of 17 analysts rating the stock Buy or Strong Buy.
• The company exceeded quarterly expectations, reporting $0.22 in EPS versus $0.11 expected and $1.63 billion in revenue, up 32.1% year over year; full-year 2026 EPS guidance is $1.27–$1.30.

Equities researchers at BTIG Research started coverage on shares of Amer Sports (NYSE:AS - Get Free Report) in a report released on Thursday, MarketBeat.com reports. The brokerage set a "buy" rating and a $42.00 price target on the stock. BTIG Research's price target suggests a potential upside of 51.25% from the company's previous close.

Several other equities research analysts have also recently weighed in on AS. UBS Group reaffirmed a "buy" rating on shares of Amer Sports in a research note on Wednesday, August 19th. Morgan Stanley set a $31.00 target price on shares of Amer Sports in a research report on Thursday. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Amer Sports in a research report on Wednesday, August 19th. Robert W. Baird set a $51.00 price objective on shares of Amer Sports in a report on Wednesday, May 20th. Finally, BMO Capital Markets began coverage on shares of Amer Sports in a research note on Tuesday. They set an "outperform" rating and a $38.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Amer Sports presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.25.

Amer Sports Price Performance

Shares of NYSE AS opened at $27.77 on Thursday. Amer Sports has a 1 year low of $27.71 and a 1 year high of $42.76. The stock has a market capitalization of $15.38 billion, a P/E ratio of 29.23, a P/E/G ratio of 0.92 and a beta of 1.99. The company's 50-day moving average is $33.49 and its 200 day moving average is $34.44. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.76 and a quick ratio of 0.80.

Amer Sports (NYSE:AS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 18th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.11 by $0.11. Amer Sports had a net margin of 7.35% and a return on equity of 11.18%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the business posted $0.03 earnings per share. Amer Sports's quarterly revenue was up 32.1% compared to the same quarter last year. Amer Sports has set its FY 2026 guidance at 1.270-1.300 EPS and its Q3 2026 guidance at 0.310-0.330 EPS. On average, sell-side analysts expect that Amer Sports will post 1.29 earnings per share for the current year.

Insider Buying and Selling at Amer Sports

In related news, CFO Andrew Page sold 2,022 shares of the firm's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $28.63, for a total transaction of $57,889.86. Following the completion of the sale, the chief financial officer owned 6,575 shares of the company's stock, valued at $188,242.25. This trade represents a 23.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Hedge Funds Weigh In On Amer Sports

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its stake in shares of Amer Sports by 84.3% in the first 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 last quarter. Kestra Advisory Services LLC bought a new position in shares of Amer Sports during the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd boosted its position in shares of 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 during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Amer Sports by 1,030.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company's stock valued at $30,000 after buying an additional 742 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Amer Sports by 241.6% in the 3rd 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 in the last quarter. 40.25% of the stock is owned by institutional investors.

About Amer Sports

Amer Sports, Inc NYSE: AS is a global sporting goods company that designs, manufactures and markets equipment, apparel, footwear and accessories for outdoor, action sports and team sports. Its products are sold through wholesale partners, company-operated stores and digital channels across North America, Europe, Asia and other international markets.

The company's brand portfolio includes Arc'teryx, which focuses on premium outdoor apparel and equipment; Salomon, known for mountain sports footwear and equipment; Wilson, which serves tennis, pickleball, baseball, basketball and other team sports; Atomic, which specializes in skiing products; and Peak Performance and Armada, which offer outdoor and winter sports apparel and equipment.

Amer Sports traces its origins to 1950 in Finland, where it was established as Amer-Yhtymä before developing into a diversified sporting goods group.

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