Amer Sports (NYSE:AS) Sets New 1-Year Low – Should You Sell?

Amer Sports, Inc. (NYSE:AS)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $26.92 and last traded at $26.8780, with a volume of 189694 shares. The stock had previously closed at $27.55.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Robert W. Baird set a $51.00 target price on Amer Sports in a research report on Wednesday, May 20th. Barclays lifted their price objective on Amer Sports from $49.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Piper Sandler restated an “overweight” rating on shares of Amer Sports in a report on Wednesday, August 19th. JPMorgan Chase & Co. lifted their target price on Amer Sports from $59.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings lowered shares of Amer Sports from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.92.

Amer Sports Stock Performance

The company has a market capitalization of $14.83 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 0.90 and a beta of 1.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.76 and a quick ratio of 0.80. The stock has a 50 day simple moving average of $33.05 and a two-hundred day simple moving average of $34.17.

Amer Sports (NYSE:AS) last released its quarterly earnings data on Tuesday, August 18th. The company reported $0.22 earnings per share (EPS) 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 business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the firm posted $0.03 EPS. The business’s quarterly revenue was up 32.1% compared to the same quarter last year. 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, analysts anticipate that Amer Sports, Inc. will post 1.29 earnings per share for the current year.

Insider Buying and Selling

In other Amer Sports news, CFO Andrew Page sold 2,022 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $28.63, for a total transaction of $57,889.86. Following the sale, the chief financial officer owned 6,575 shares of the company’s stock, valued at approximately $188,242.25. This trade represents a 23.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its stake 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 buying an additional 348 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings 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 acquiring an additional 742 shares during the period. Global Retirement Partners LLC grew its position in shares of Amer Sports by 5,600.0% during the fourth quarter. Global Retirement Partners LLC now owns 1,824 shares of the company’s stock worth $68,000 after acquiring an additional 1,792 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Amer Sports during the second quarter worth approximately $99,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Amer Sports by 135.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,090 shares of the company’s stock valued at $102,000 after acquiring an additional 1,777 shares during the period. Institutional investors and hedge funds own 40.25% of the company’s stock.

About Amer Sports

Amer Sports, Inc (NYSE: AS) is a global sporting goods company that designs, manufactures and markets equipment, apparel, footwear and accessories for outdoor, action sports and team sports. Its products are sold through wholesale partners, company-operated stores and digital channels across North America, Europe, Asia and other international markets.

The company’s brand portfolio includes Arc’teryx, which focuses on premium outdoor apparel and equipment; Salomon, known for mountain sports footwear and equipment; Wilson, which serves tennis, pickleball, baseball, basketball and other team sports; Atomic, which specializes in skiing products; and Peak Performance and Armada, which offer outdoor and winter sports apparel and equipment.

Amer Sports traces its origins to 1950 in Finland, where it was established as Amer-Yhtymä before developing into a diversified sporting goods group.