Amer Sports (NYSE:AS) Stock Price Down 4.6% – Time to Sell?

Amer Sports, Inc. (NYSE:AS) shares fell 4.6% during trading on Tuesday . The stock traded as low as $34.61 and last traded at $34.4930. Approximately 427,743 shares were traded during trading, a decline of 90% from the average session volume of 4,370,182 shares. The stock had previously closed at $36.17.

Analyst Upgrades and Downgrades

AS has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Amer Sports in a research note on Wednesday, May 20th. UBS Group raised their target price on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Robert W. Baird set a $51.00 price objective on Amer Sports in a research note on Wednesday, May 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Amer Sports in a report on Friday, July 24th. Finally, Truist Financial upped their target price on Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Amer Sports has a consensus rating of “Buy” and a consensus target price of $49.70.

Amer Sports Stock Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.82. The firm’s 50 day moving average price is $35.12 and its 200-day moving average price is $35.53. The firm has a market cap of $18.88 billion, a price-to-earnings ratio of 42.64, a P/E/G ratio of 1.28 and a beta of 2.05.

Amer Sports (NYSE:AS) last posted its quarterly 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. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.84 billion. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The business’s revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 earnings per share. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. On average, analysts anticipate that Amer Sports, Inc. will post 1.22 earnings per share for the current year.

Insider Buying and Selling

In other Amer Sports news, 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 value of $3,867,202.50. Following the transaction, the chief financial officer directly owned 4,083 shares in the company, valued at $150,050.25. The trade was a 96.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jie (James) Zheng sold 500,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $34.42, for a total transaction of $17,210,000.00. Following the sale, the chief executive officer directly owned 1,262,385 shares in the company, valued at $43,451,291.70. This represents a 28.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 833,580 shares of company stock valued at $29,200,266.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AS. Kestra Advisory Services LLC bought a new stake in Amer Sports during the 4th quarter worth approximately $27,000. EverSource Wealth Advisors LLC grew 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 purchasing an additional 348 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of 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 in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of 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 in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of 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 buying an additional 848 shares during the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

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).