Amer Sports (NYSE:AS) Trading Down 5.1% – Should You Sell?

Amer Sports, Inc. (NYSE:AS)’s stock price was down 5.1% during trading on Tuesday . The company traded as low as $34.24 and last traded at $34.4980. 2,938,442 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 4,387,364 shares. The stock had previously closed at $36.34.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Robert W. Baird set a $51.00 target price on Amer Sports in a report on Wednesday, May 20th. Truist Financial increased their price objective on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. UBS Group raised their price objective on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Weiss Ratings upgraded Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft set a $52.00 target price on Amer Sports in a research report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $48.98.

Amer Sports Stock Performance

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 stock’s 50-day simple moving average is $34.91 and its two-hundred day simple moving average is $35.71. The stock has a market cap of $19.02 billion, a price-to-earnings ratio of 42.94, a price-to-earnings-growth ratio of 1.20 and a beta of 2.07.

Amer Sports (NYSE:AS) last issued its quarterly earnings results 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 return on equity of 10.29% and a net margin of 6.50%.The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the business posted $0.27 earnings per share. The firm’s 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. Analysts forecast that Amer Sports, Inc. will post 1.22 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Wen-Chang (Victor) Chen sold 13,075 shares of the company’s stock in a transaction that occurred 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 directly owned 149,821 shares in the company, valued at $5,336,624.02. The trade was a 8.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jie (James) Zheng sold 500,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $34.42, for a total value 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. This represents a 28.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 833,580 shares of company stock valued at $29,200,266 in the last three months.

Institutional Trading of Amer Sports

Hedge funds have recently bought and sold shares of the stock. Handelsbanken Fonder AB grew its position in Amer Sports by 10.5% in the 2nd quarter. Handelsbanken Fonder AB now owns 62,300 shares of the company’s stock worth $2,108,000 after purchasing an additional 5,900 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Amer Sports by 10.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,223 shares of the company’s stock worth $143,000 after purchasing an additional 405 shares during the period. Avior Wealth Management LLC raised its position in shares of Amer Sports by 41.4% during the second quarter. Avior Wealth Management LLC now owns 17,582 shares of the company’s stock valued at $595,000 after buying an additional 5,152 shares during the last quarter. Wealth High Governance Capital Ltda raised its position in shares of Amer Sports by 170.5% during the first quarter. Wealth High Governance Capital Ltda now owns 210,873 shares of the company’s stock valued at $6,942,000 after buying an additional 132,925 shares during the last quarter. Finally, Wealth High Governance Asset Management Ltda. lifted its stake in shares of Amer Sports by 304.2% in the first quarter. Wealth High Governance Asset Management Ltda. now owns 178,254 shares of the company’s stock valued at $5,868,000 after buying an additional 134,150 shares during the period. 40.25% of the stock is owned by institutional investors.

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).