Bank of America Corp DE Sells 109,147 Shares of Amer Sports, Inc. $AS

Key Points

• Bank of America reduced its Amer Sports stake by 4.1% in the first quarter, selling 109,147 shares and retaining 2.57 million shares worth approximately $84.7 million. Institutional investors collectively own 40.25% of the company.
• Amer Sports reported quarterly EPS of $0.38, beating estimates by $0.07, while revenue rose 32.1% year over year to $1.95 billion. The company provided fiscal 2026 EPS guidance of $1.18–$1.23.
• Several executives sold shares recently, including two CEOs who collectively sold 715,275 shares; insiders sold 833,580 shares worth $29.2 million over the past 90 days. Despite the selling, analysts maintain an overall “Buy” rating with an average price target of $49.70.

Bank of America Corp DE lessened its stake in Amer Sports, Inc. (NYSE:AS - Free Report) by 4.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,573,787 shares of the company's stock after selling 109,147 shares during the period. Bank of America Corp DE owned 0.46% of Amer Sports worth $84,729,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new position in Amer Sports during the 1st quarter worth $565,000. Goldman Sachs Group Inc. increased its stake in shares of Amer Sports by 44.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company's stock valued at $31,372,000 after buying an additional 358,536 shares during the period. Legal & General Group Plc raised its position in shares of Amer Sports by 103.2% during the second quarter. Legal & General Group Plc now owns 16,404 shares of the company's stock worth $636,000 after acquiring an additional 8,330 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Amer Sports during the second quarter worth $472,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Amer Sports by 276.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,364 shares of the company's stock worth $130,000 after acquiring an additional 2,470 shares during the last quarter. Institutional investors own 40.25% of the company's stock.

Insider Buying and Selling

In related news, CEO Jie (James) Zheng sold 500,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $34.42, for a total value of $17,210,000.00. Following the sale, the chief executive officer directly owned 1,262,385 shares in the company, valued at $43,451,291.70. This trade represents a 28.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stuart Haselden sold 215,275 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $35.57, for a total transaction of $7,657,331.75. Following the completion of the sale, the chief executive officer owned 215,275 shares in the company, valued at $7,657,331.75. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 833,580 shares of company stock worth $29,200,266 in the last ninety days.

Amer Sports Stock Performance

AS stock opened at $36.94 on Friday. Amer Sports, Inc. has a twelve month low of $28.92 and a twelve month high of $42.76. The company has a quick ratio of 0.82, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The company has a market cap of $20.46 billion, a P/E ratio of 46.18, a price-to-earnings-growth ratio of 1.28 and a beta of 2.05. The business's fifty day moving average is $35.11 and its 200-day moving average is $35.54.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.07. The business had revenue of $1.95 billion during 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%.The firm's quarterly revenue was up 32.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 earnings per share. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. Equities research analysts forecast that Amer Sports, Inc. will post 1.22 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AS shares. Robert W. Baird set a $51.00 price target on Amer Sports in a report on Wednesday, May 20th. Piper Sandler reissued an "overweight" rating and set a $45.00 price objective on shares of Amer Sports in a report on Monday, July 27th. UBS Group boosted their price objective on Amer Sports from $60.00 to $62.00 and gave the stock a "buy" rating in a report on Wednesday, May 20th. Truist Financial upped their target price on shares of Amer Sports from $49.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Amer Sports in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Amer Sports has an average rating of "Buy" and an average target price of $49.70.

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).

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