Amer Sports, Inc. $AS Stock Position Reduced by Royal Bank of Canada

Royal Bank of Canada lessened its stake in Amer Sports, Inc. (NYSE:AS) by 96.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,877 shares of the company’s stock after selling 425,869 shares during the quarter. Royal Bank of Canada’s holdings in Amer Sports were worth $489,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new position in shares of Amer Sports in the fourth quarter worth $27,000. Rockefeller Capital Management L.P. boosted its position in Amer Sports by 1,030.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock valued at $30,000 after purchasing an additional 742 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake 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 purchasing an additional 703 shares in the last quarter. PNC Financial Services Group Inc. grew 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 purchasing an additional 848 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Amer Sports by 174.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock worth $63,000 after purchasing an additional 1,011 shares during the last quarter. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Amer Sports Stock Performance

Shares of NYSE AS opened at $31.55 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.80 and a current ratio of 1.76. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of 33.21, a P/E/G ratio of 1.00 and a beta of 2.05. The business’s 50-day simple moving average is $34.67 and its 200-day simple moving average is $35.20. Amer Sports, Inc. has a 52 week low of $28.92 and a 52 week high of $42.76.

Amer Sports (NYSE:AS) last posted its earnings results on Tuesday, August 18th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.11. Amer Sports had a return on equity of 11.18% and a net margin of 7.35%.The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the company earned $0.03 EPS. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. Amer Sports has set its FY 2026 guidance at 1.270-1.300 EPS and its Q3 2026 guidance at 0.310-0.330 EPS. As a group, equities research analysts expect that Amer Sports, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AS. Weiss Ratings lowered Amer Sports from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Amer Sports in a research report on Wednesday, August 19th. JPMorgan Chase & Co. lifted their target price on shares of Amer Sports from $59.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Truist Financial decreased their target price on shares of Amer Sports from $50.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, August 19th. Finally, UBS Group restated a “buy” rating on shares of Amer Sports in a research note on Wednesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $49.14.

Insider Buying and Selling

In related news, CEO Stuart Haselden sold 215,275 shares of Amer Sports 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 transaction, the chief executive officer owned 215,275 shares in the company, valued at $7,657,331.75. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Wen-Chang (Victor) Chen sold 13,075 shares of Amer Sports stock in a transaction on Monday, June 1st. The stock was sold at an average price of $35.62, for a total transaction of $465,731.50. Following the completion of the transaction, the insider owned 149,821 shares in the company, valued at $5,336,624.02. This trade represents a 8.03% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 728,350 shares of company stock valued at $25,333,063.

Amer Sports 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).