Amer Sports (NYSE:AS) Hits New 52-Week Low - Here's What Happened

Key Points

• Amer Sports shares fell to a new 52-week low of $28.00, well below their 50-day and 200-day moving averages of $33.62 and $34.54, respectively.
• Despite the stock’s decline, the company reported a quarterly earnings and revenue beat, with EPS of $0.22, revenue of $1.63 billion, and year-over-year revenue growth of 32.1%.
• Analysts remain broadly optimistic, assigning a consensus “Moderate Buy” rating and an average price target of $48.34, although CFO Andrew Page sold shares to cover tax obligations.

Shares of Amer Sports, Inc. (NYSE:AS - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $28.00 and last traded at $28.0270, with a volume of 2481339 shares traded. The stock had previously closed at $28.69.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Robert W. Baird set a $51.00 price objective on Amer Sports in a research report on Wednesday, May 20th. Weiss Ratings lowered shares of Amer Sports from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Amer Sports in a research report on Wednesday, August 19th. Piper Sandler restated an "overweight" rating on shares of Amer Sports in a research note on Wednesday, August 19th. Finally, Barclays raised their target price on Amer Sports from $49.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Amer Sports has a consensus rating of "Moderate Buy" and a consensus target price of $48.34.

Amer Sports Stock Performance

The firm has a market cap of $15.44 billion, a P/E ratio of 29.37, a P/E/G ratio of 0.95 and a beta of 1.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.80 and a current ratio of 1.76. The company's 50 day moving average is $33.62 and its 200 day moving average is $34.54.

Amer Sports (NYSE:AS - Get Free Report) last posted its earnings results on Tuesday, August 18th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.11. Amer Sports had a net margin of 7.35% and a return on equity of 11.18%. The firm had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.54 billion. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The company's revenue 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. As a group, equities analysts predict that Amer Sports, Inc. 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 stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $28.63, for a total value of $57,889.86. Following the completion of the transaction, the chief financial officer directly owned 6,575 shares in the company, 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 institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC bought a new position in Amer Sports in the 1st quarter valued at approximately $565,000. Goldman Sachs Group Inc. grew its holdings in Amer Sports by 44.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company's stock worth $31,372,000 after acquiring an additional 358,536 shares during the last quarter. Legal & General Group Plc increased its position in Amer Sports by 103.2% in the 2nd quarter. Legal & General Group Plc now owns 16,404 shares of the company's stock valued at $636,000 after acquiring an additional 8,330 shares during the period. American Century Companies Inc. bought a new position in shares of Amer Sports during the second quarter valued at $472,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake 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 valued at $130,000 after acquiring an additional 2,470 shares during the last quarter. Institutional investors and hedge funds own 40.25% of the company's stock.

Amer Sports Company Profile

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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