Amer Sports Sees Unusually Large Options Volume (NYSE:AS)

Amer Sports, Inc. (NYSE:AS) was the recipient of unusually large options trading activity on Thursday. Traders acquired 6,062 call options on the company. This represents an increase of 60% compared to the average volume of 3,784 call options.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Robert W. Baird set a $51.00 price objective on Amer Sports in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Amer Sports in a report on Wednesday, May 20th. Truist Financial lifted their target price on shares of Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. UBS Group boosted their target price on shares of Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Finally, Weiss Ratings raised shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $48.70.

Insider Buying and Selling at Amer Sports

In other Amer Sports news, insider Wen-Chang (Victor) Chen sold 13,075 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $35.62, for a total value of $465,731.50. Following the transaction, the insider directly owned 149,821 shares of the company’s stock, valued at $5,336,624.02. This trade represents a 8.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jie (James) Zheng sold 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $34.42, for a total value of $17,210,000.00. Following the transaction, the chief executive officer owned 1,262,385 shares in the company, valued at approximately $43,451,291.70. This represents a 28.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 851,685 shares of company stock valued at $29,856,753.

Institutional Investors Weigh In On Amer Sports

A number of institutional investors and hedge funds have recently made changes to their positions in AS. Aspex Management HK Ltd acquired a new stake in Amer Sports in the 3rd quarter valued at approximately $206,244,000. Artisan Partners Limited Partnership grew its stake 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 buying an additional 4,843,742 shares in the last quarter. Scopus Asset Management L.P. acquired a new stake in shares of Amer Sports in the second quarter valued at $108,562,000. Viking Global Investors LP raised its holdings in shares of Amer Sports by 63.5% in the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock valued at $220,436,000 after buying an additional 2,462,832 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new position in Amer Sports during the 2nd quarter worth about $87,287,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

Amer Sports Trading Up 2.9%

Shares of Amer Sports stock traded up $0.98 during trading hours on Friday, hitting $34.85. The company’s stock had a trading volume of 3,338,860 shares, compared to its average volume of 3,293,922. The stock has a market cap of $19.30 billion, a price-to-earnings ratio of 43.57, a P/E/G ratio of 1.18 and a beta of 2.07. 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 twelve month low of $28.92 and a twelve month high of $42.76. The firm has a fifty day moving average of $34.89 and a 200-day moving average of $35.87.

Amer Sports (NYSE:AS) last issued its quarterly earnings data on Tuesday, May 19th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.07. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the firm earned $0.27 EPS. Amer Sports’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. Research analysts forecast that Amer Sports will post 1.22 EPS for the current year.

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).