Brokerages Set Amer Sports, Inc. (NYSE:AS) PT at $48.70

Shares of Amer Sports, Inc. (NYSE:AS) have earned a consensus rating of “Buy” from the sixteen research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $48.9846.

Several brokerages recently issued reports on AS. Truist Financial upped their price target on shares of Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Robert W. Baird set a $51.00 price target on shares of Amer Sports in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Amer Sports in a research report on Wednesday, May 20th. Weiss Ratings raised Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Finally, UBS Group boosted their target price on Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th.

Amer Sports Trading Up 2.2%

Shares of AS stock opened at $34.02 on Monday. The company has a market capitalization of $18.84 billion, a P/E ratio of 42.53, a P/E/G ratio of 1.16 and a beta of 2.07. Amer Sports has a 12-month low of $28.92 and a 12-month high of $42.76. 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 50-day moving average price of $34.94 and a 200 day moving average price of $35.67.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Tuesday, May 19th. The company reported $0.38 earnings per share for the quarter, topping 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 company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business 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. Research analysts forecast that Amer Sports will post 1.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Amer Sports

In related news, CEO Jie (James) Zheng sold 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $34.42, for a total transaction of $17,210,000.00. Following the completion of the sale, the chief executive officer directly owned 1,262,385 shares of the company’s stock, valued at $43,451,291.70. The trade was a 28.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Stuart Haselden sold 215,275 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $35.57, for a total transaction of $7,657,331.75. Following the completion of the transaction, the chief executive officer owned 215,275 shares in the company, valued at $7,657,331.75. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 833,580 shares of company stock worth $29,200,266 in the last 90 days.

Institutional Trading of Amer Sports

Several hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Amer Sports by 84.3% in the first quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock valued at $25,000 after purchasing an additional 348 shares during the last quarter. GAMMA Investing LLC lifted its stake in Amer Sports by 10.6% in the second quarter. GAMMA Investing LLC now owns 4,223 shares of the company’s stock valued at $143,000 after acquiring an additional 405 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its position in shares of Amer Sports by 10.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,466 shares of the company’s stock valued at $167,000 after acquiring an additional 405 shares during the period. Choreo LLC grew its position in shares of Amer Sports by 4.9% in the 4th quarter. Choreo LLC now owns 9,387 shares of the company’s stock valued at $354,000 after acquiring an additional 437 shares during the period. Finally, Mackenzie Financial Corp increased its stake in shares of Amer Sports by 1.1% during the 3rd quarter. Mackenzie Financial Corp now owns 48,745 shares of the company’s stock worth $1,694,000 after purchasing an additional 540 shares during the last quarter. 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).