Insider Selling: Amer Sports (NYSE:AS) CFO Sells 105,230 Shares of Stock

Amer Sports, Inc. (NYSE:AS) CFO Andrew Page sold 105,230 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $36.75, for a total value of $3,867,202.50. Following the completion of the sale, the chief financial officer directly owned 4,083 shares in the company, valued at $150,050.25. This represents a 96.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Amer Sports Stock Down 0.3%

AS stock traded down $0.12 during mid-day trading on Wednesday, reaching $36.76. The company had a trading volume of 3,942,766 shares, compared to its average volume of 4,631,180. 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 capitalization of $20.36 billion, a price-to-earnings ratio of 45.96, a price-to-earnings-growth ratio of 1.22 and a beta of 2.16. The firm has a fifty day simple moving average of $34.42 and a 200 day simple moving average of $35.96. Amer Sports, Inc. has a fifty-two week low of $28.92 and a fifty-two week high of $42.76.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.84 billion. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.Amer Sports’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 EPS. 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 fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Evercore increased their price objective on Amer Sports from $50.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. 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 increased their price objective on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on Amer Sports in a report on Wednesday, May 20th. Finally, Robert W. Baird set a $51.00 price objective on Amer Sports in a report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $48.19.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Aspex Management HK Ltd purchased a new position in Amer Sports during the 3rd quarter worth approximately $206,244,000. Polar Asset Management Partners Inc. purchased a new position in Amer Sports during the 3rd quarter worth approximately $2,519,000. JPMorgan Chase & Co. grew its stake in Amer Sports by 9.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 684,783 shares of the company’s stock worth $23,796,000 after buying an additional 58,350 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Amer Sports by 130.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,015,491 shares of the company’s stock worth $112,629,000 after buying an additional 1,705,944 shares during the last quarter. Finally, WT Asset Management Ltd grew its stake in Amer Sports by 221.5% during the 3rd quarter. WT Asset Management Ltd now owns 3,499,062 shares of the company’s stock worth $121,592,000 after buying an additional 2,410,861 shares during the last quarter. Hedge funds and other institutional investors own 40.25% of the company’s stock.

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).