Investors Buy High Volume of Amer Sports Put Options (NYSE:AS)

Amer Sports, Inc. (NYSE:AS) was the recipient of some unusual options trading activity on Thursday. Investors purchased 20,309 put options on the company. This is an increase of approximately 403% compared to the average daily volume of 4,034 put options.

Analysts Set New Price Targets

AS has been the topic of several analyst reports. Truist Financial lifted their price target on shares of Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Amer Sports in a research report on Friday, July 24th. Robert W. Baird set a $51.00 target price on Amer Sports in a research note on Wednesday, May 20th. Piper Sandler restated an “overweight” rating and issued a $45.00 target price on shares of Amer Sports in a research report on Monday, July 27th. Finally, UBS Group upped their price target on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a research note 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. According to data from MarketBeat.com, Amer Sports presently has a consensus rating of “Buy” and a consensus price target of $49.70.

Insider Activity

In related news, insider Wen-Chang (Victor) Chen sold 13,075 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $35.62, for a total transaction of $465,731.50. Following the completion of the sale, the insider directly owned 149,821 shares in the company, valued at approximately $5,336,624.02. This trade represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jie (James) Zheng sold 500,000 shares of Amer Sports 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 transaction, the chief executive officer directly owned 1,262,385 shares in the company, valued at $43,451,291.70. This trade represents a 28.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 833,580 shares of company stock worth $29,200,266.

Hedge Funds Weigh In On Amer Sports

A number of institutional investors and hedge funds have recently made changes to their positions in AS. EverSource Wealth Advisors LLC raised 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 valued at $25,000 after acquiring an additional 348 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Amer Sports during the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd grew its holdings in Amer Sports by 484.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock worth $29,000 after acquiring an additional 703 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Amer Sports by 1,030.6% in the 4th 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. Finally, PNC Financial Services Group Inc. increased its position in shares of Amer Sports by 241.6% in the 3rd 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 during the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

Amer Sports Stock Down 1.2%

Shares of NYSE AS traded down $0.40 during mid-day trading on Thursday, hitting $32.63. The company had a trading volume of 1,283,209 shares, compared to its average volume of 4,398,047. The company has a market capitalization of $18.07 billion, a PE ratio of 40.81, a price-to-earnings-growth ratio of 1.18 and a beta of 2.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.82. Amer Sports has a 1-year low of $28.92 and a 1-year high of $42.76. The business’s 50-day simple moving average is $35.06 and its 200 day simple moving average is $35.49.

Amer Sports (NYSE:AS) last released its earnings results on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, topping 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 firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the firm posted $0.27 EPS. Amer Sports’s revenue for the quarter was up 32.1% on a year-over-year basis. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. On average, analysts predict that Amer Sports will post 1.22 earnings per share for the current year.

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).