Amer Sports (NYSE:AS) Hits New 52-Week Low - Time to Sell?

Key Points

• Amer Sports shares hit a new 52-week low, falling to $28.80 during Wednesday’s trading, below the prior close of $29.46.
• Despite the decline, analysts maintain a “Moderate Buy” consensus, with 12 Buy, one Strong Buy and two Hold ratings and an average price target of $49.14.
• The company recently beat quarterly expectations, reporting $0.22 in EPS versus $0.11 expected and $1.63 billion in revenue, up 32.1% year over year.

Shares of Amer Sports, Inc. (NYSE:AS - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $28.80 and last traded at $28.8460, with a volume of 3304299 shares. The stock had previously closed at $29.46.

Analyst Upgrades and Downgrades

Several analysts have commented on AS shares. JPMorgan Chase & Co. raised their target price on shares of Amer Sports from $59.00 to $64.00 and gave the stock an "overweight" rating in a report on Tuesday, August 4th. UBS Group reissued a "buy" rating on shares of Amer Sports in a research report on Wednesday, August 19th. Truist Financial reduced their price target on Amer Sports from $50.00 to $42.00 and set a "buy" rating for the company in a research report on Wednesday, August 19th. Piper Sandler reiterated an "overweight" rating on shares of Amer Sports in a research note on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Amer Sports in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Amer Sports currently has a consensus rating of "Moderate Buy" and an average target price of $49.14.

Amer Sports Stock Performance

The company has a 50 day moving average price of $34.13 and a 200-day moving average price of $34.92. The company has a market cap of $15.93 billion, a P/E ratio of 30.27, a price-to-earnings-growth ratio of 0.98 and a beta of 1.99. The company has a current ratio of 1.76, a quick ratio of 0.80 and a debt-to-equity ratio of 0.11.

Amer Sports (NYSE:AS - Get Free Report) last released its quarterly earnings results on Tuesday, August 18th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.11. The company had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.54 billion. Amer Sports had a return on equity of 11.18% and a net margin of 7.35%.The business's quarterly revenue was up 32.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.03 earnings per share. 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, equities analysts expect that Amer Sports, Inc. will post 1.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Artisan Partners Limited Partnership raised its holdings in shares of 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 purchasing an additional 4,843,742 shares during the last quarter. Scopus Asset Management L.P. bought a new position in Amer Sports during the second quarter worth about $108,562,000. Viking Global Investors LP raised its holdings in Amer Sports by 63.5% during the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company's stock valued at $220,436,000 after acquiring an additional 2,462,832 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Amer Sports during the 2nd quarter worth about $87,287,000. Finally, Squarepoint Ops LLC boosted its position in shares of Amer Sports by 5,847.1% in the fourth quarter. Squarepoint Ops LLC now owns 1,986,102 shares of the company's stock valued at $74,181,000 after acquiring an additional 1,952,706 shares during the period. 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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