Truist Financial Lowers Amer Sports (NYSE:AS) Price Target to $42.00

Key Points

• Truist Financial lowered Amer Sports’ price target from $50 to $42 while maintaining a “buy” rating, implying roughly 23% upside from the stock’s previous close.
• Amer Sports reported a strong quarter, with revenue rising 32.1% year over year to $1.63 billion and EPS of $0.22 beating analyst expectations; the company also raised its full-year 2026 revenue and earnings outlook.
• Despite the positive results, third-quarter EPS guidance of $0.31–$0.33 fell below the $0.38 consensus estimate, while insiders sold approximately $29.2 million of stock in the latest quarter.

Amer Sports (NYSE:AS - Get Free Report) had its price objective cut by Truist Financial from $50.00 to $42.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Truist Financial's target price indicates a potential upside of 23.04% from the stock's previous close.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. upped their price target on Amer Sports from $59.00 to $64.00 and gave the company an "overweight" rating in a report on Tuesday, August 4th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Amer Sports in a research note on Friday, July 24th. Piper Sandler reiterated an "overweight" rating and issued a $45.00 target price on shares of Amer Sports in a report on Monday, July 27th. Robert W. Baird set a $51.00 price target on shares of Amer Sports in a research report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft set a $52.00 price target on shares of Amer Sports in a report on Wednesday, May 20th. Two equities research 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 stock. According to data from MarketBeat.com, Amer Sports has an average rating of "Buy" and an average price target of $49.20.

Amer Sports Stock Performance

Shares of Amer Sports stock traded up $0.52 during trading hours on Wednesday, reaching $34.14. The company's stock had a trading volume of 847,431 shares, compared to its average volume of 4,494,783. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 1.66. Amer Sports has a one year low of $28.92 and a one year high of $42.76. The company's 50 day simple moving average is $34.96 and its 200 day simple moving average is $35.36. The stock has a market cap of $18.91 billion, a P/E ratio of 42.58, a price-to-earnings-growth ratio of 1.12 and a beta of 2.05.

Amer Sports (NYSE:AS - Get Free Report) last posted its earnings results on Monday, August 17th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.11 by $0.11. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The firm had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.54 billion. During the same period last year, the firm earned $0.03 EPS. The firm's revenue was up 32.1% compared to the same quarter last year. As a group, analysts expect that Amer Sports will post 1.23 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Stuart Haselden sold 215,275 shares of the business's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $35.57, for a total value of $7,657,331.75. Following the sale, the chief executive officer owned 215,275 shares in the company, valued at approximately $7,657,331.75. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew E. Page sold 105,230 shares of the business's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $36.75, for a total transaction of $3,867,202.50. Following the completion of the transaction, the chief financial officer owned 4,083 shares in the company, valued at approximately $150,050.25. This trade represents a 96.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 833,580 shares of company stock worth $29,200,266 in the last quarter.

Institutional Trading of Amer Sports

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new position in shares of Amer Sports in the 4th quarter valued at about $27,000. EverSource Wealth Advisors LLC raised its stake in shares of Amer Sports by 84.3% during the first quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company's stock worth $25,000 after buying an additional 348 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Amer Sports by 1,030.6% in 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 period. Caitong International Asset Management Co. Ltd lifted its holdings in Amer Sports by 484.8% in 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 period. Finally, PNC Financial Services Group Inc. boosted its stake in Amer Sports by 241.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company's stock valued at $42,000 after acquiring an additional 848 shares during the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

More Amer Sports News

Here are the key news stories impacting Amer Sports this week:

• Positive Sentiment: Amer Sports reported second-quarter revenue of $1.63 billion, up 32.1% year over year and above the $1.54 billion consensus estimate. Adjusted EPS of $0.22 also exceeded expectations of $0.11, with growth led by Arc’teryx, Salomon and Wilson Tennis. Amer Sports Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company raised its full-year 2026 outlook, calling for revenue of approximately $8.1 billion and EPS of $1.27-$1.30, compared with consensus estimates of roughly $8.0 billion and $1.26. It also increased its full-year revenue, operating-margin and EPS guidance. Arc’teryx Owner Amer Sports Increases Guidance
• Positive Sentiment: Management said momentum remains broad-based across segments, regions and sales channels. Strong Salomon softgoods demand, Arc’teryx’s direct-to-consumer and wholesale performance, and Wilson’s Tennis 360 strategy are supporting continued growth. Amer is also expanding its premium retail presence in North America, which could improve brand visibility and distribution. Amer Sports Is Building Premium Retail Reach in North America
• Neutral Sentiment: Second-quarter gross margin increased to 65.6%, helped by tariff refunds and brand strength. While management believes there is no structural obstacle to further sales and profit growth, investors may distinguish between recurring operating improvement and the one-time benefit from tariff refunds. Amer Sports Q2 2026 Gross Margin Jumps
• Negative Sentiment: Third-quarter EPS guidance of $0.31-$0.33 is below the $0.38 analyst consensus, although revenue guidance of approximately $2.1 billion is in line with expectations. The cautious near-term profit outlook may weigh on the stock despite the stronger quarter and upgraded full-year forecast. Amer Sports Beats Q2 Earnings and Revenue Estimates

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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