BMO Capital Markets Upgrades Amer Sports (NYSE:AS) to Strong-Buy

Key Points

• BMO Capital Markets upgraded Amer Sports to “strong buy,” while the broader analyst consensus remains “moderate buy” with an average price target of $45.92.
• Amer Sports reported a quarterly earnings and revenue beat, with EPS of $0.22 versus $0.11 expected and revenue of $1.63 billion, up 32.1% year over year.
• The stock opened at $27.36, near its 52-week low of $27.21, while institutional investors own 40.25% of the company and have recently increased their positions.

Amer Sports (NYSE:AS - Get Free Report) was upgraded by investment analysts at BMO Capital Markets to a "strong-buy" rating in a research report issued on Tuesday, Zacks reports.

Several other research analysts have also recently commented on AS. Piper Sandler reiterated an "overweight" rating on shares of Amer Sports in a report on Wednesday, August 19th. Weiss Ratings lowered shares of Amer Sports from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, August 19th. BTIG Research assumed coverage on shares of Amer Sports in a research report on Thursday. They set a "buy" rating and a $42.00 price objective for the company. Robert W. Baird set a $51.00 target price on shares of Amer Sports in a research note on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Amer Sports in a report on Wednesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $45.92.

Amer Sports Price Performance

AS stock opened at $27.36 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.76 and a quick ratio of 0.80. The firm has a market capitalization of $15.15 billion, a P/E ratio of 28.80, a P/E/G ratio of 0.89 and a beta of 1.99. The business's 50-day moving average is $33.34 and its two-hundred day moving average is $34.34. Amer Sports has a 1 year low of $27.21 and a 1 year high of $42.76.

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

Insider Buying and Selling

In other Amer Sports 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 sale, the chief financial officer owned 6,575 shares of the company's stock, valued at approximately $188,242.25. This trade represents a 23.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Artisan Partners Limited Partnership boosted its stake in Amer Sports by 1,306.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company's stock valued at $194,759,000 after acquiring an additional 4,843,742 shares in the last quarter. Scopus Asset Management L.P. acquired a new stake in shares of Amer Sports during the second quarter worth about $108,562,000. Junto Capital Management LP increased its position in shares of Amer Sports by 583.8% during the second quarter. Junto Capital Management LP now owns 3,099,673 shares of the company's stock worth $104,893,000 after purchasing an additional 2,646,364 shares in the last quarter. Viking Global Investors LP lifted its holdings in shares of 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 purchasing an additional 2,462,832 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Amer Sports in the 2nd quarter valued at about $87,287,000. Institutional investors and hedge funds own 40.25% of the company's stock.

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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