Stuart Haselden Sells 215,275 Shares of Amer Sports (NYSE:AS) Stock

Amer Sports, Inc. (NYSE:AS) CEO Stuart Haselden sold 215,275 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was 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 of the company’s stock, valued at approximately $7,657,331.75. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Stuart Haselden also recently made the following trade(s):

• On Thursday, April 16th, Stuart Haselden sold 11,438 shares of Amer Sports stock. The stock was sold at an average price of $36.26, for a total transaction of $414,741.88.
• On Thursday, April 2nd, Stuart Haselden sold 6,511 shares of Amer Sports stock. The shares were sold at an average price of $33.28, for a total transaction of $216,686.08.

Amer Sports Stock Up 0.7%

Shares of NYSE:AS opened at $35.82 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 1.66. The company has a market cap of $19.84 billion, a PE ratio of 44.78, a price-to-earnings-growth ratio of 1.24 and a beta of 2.16. Amer Sports, Inc. has a 52 week low of $28.92 and a 52 week high of $42.76. The firm has a 50 day simple moving average of $34.64 and a 200 day simple moving average of $36.13.

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 firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the company posted $0.27 EPS. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. As a group, research analysts expect that Amer Sports, Inc. will post 1.22 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Truist Financial lifted their price target on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Robert W. Baird set a $51.00 price objective on 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 research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft set a $52.00 price target on shares of Amer Sports in a research report on Wednesday, May 20th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $48.19.

Institutional Trading of Amer Sports

A number of institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its holdings in Amer Sports by 84.3% in 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 in the last quarter. Federation des caisses Desjardins du Quebec increased its holdings in shares of Amer Sports by 10.0% during 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 last quarter. Choreo LLC raised its stake 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 in the last quarter. Mackenzie Financial Corp lifted its holdings in Amer Sports by 1.1% in 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. Finally, Moore Capital Management LP lifted its holdings in Amer Sports by 3.6% in the 4th quarter. Moore Capital Management LP now owns 18,572 shares of the company’s stock worth $694,000 after purchasing an additional 651 shares during the last quarter. 40.25% of the stock is currently 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).