Insider Selling: Amer Sports (NYSE:AS) CEO Sells $17,210,000.00 in Stock

Amer Sports, Inc. (NYSE:AS) CEO Jie (James) Zheng sold 500,000 shares of Amer Sports stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 1,262,385 shares of the company’s stock, valued at $43,451,291.70. This represents a 28.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Amer Sports Stock Up 0.2%

Shares of NYSE:AS opened at $34.18 on Monday. Amer Sports, Inc. has a 12 month low of $28.92 and a 12 month high of $42.76. The company’s 50-day moving average price is $34.81 and its two-hundred day moving average price is $36.24. 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 firm has a market cap of $18.93 billion, a P/E ratio of 42.73, a P/E/G ratio of 1.18 and a beta of 2.05.

Amer Sports (NYSE:AS) last announced its earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the firm posted $0.27 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 1.180-1.230 EPS. As a group, research analysts forecast that Amer Sports, Inc. will post 1.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on AS. UBS Group increased their price objective on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Evercore boosted their target price on Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft set a $52.00 price target on Amer Sports in a report on Wednesday, May 20th. Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a research report on Friday, February 20th. Finally, Weiss Ratings raised Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $48.19.

Hedge Funds Weigh In On Amer Sports

Institutional investors and hedge funds have recently modified their holdings of the business. Alpine Woods Capital Investors LLC bought a new position in Amer Sports in the first quarter valued at approximately $221,000. Edgestream Partners L.P. bought a new stake in shares of Amer Sports during the first quarter worth $1,220,000. Amundi increased its position in shares of Amer Sports by 209.6% during the first quarter. Amundi now owns 611,820 shares of the company’s stock worth $20,141,000 after acquiring an additional 414,233 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 acquiring an additional 348 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Amer Sports by 16.9% during the first quarter. The Manufacturers Life Insurance Company now owns 44,871 shares of the company’s stock worth $1,477,000 after acquiring an additional 6,496 shares during the period. 40.25% of the stock is currently owned by institutional investors and hedge funds.

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).