Amer Sports (NYSE:AS) CEO Sells $17,210,000.00 in Stock

Amer Sports, Inc. (NYSE:AS) CEO Jie (James) Zheng sold 500,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was 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 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Amer Sports Price Performance

Shares of AS stock opened at $34.59 on Friday. Amer Sports, Inc. has a twelve month low of $28.92 and a twelve month high of $42.76. The stock has a market capitalization of $19.16 billion, a price-to-earnings ratio of 43.24, a P/E/G ratio of 1.19 and a beta of 2.05. The stock has a fifty day simple moving average of $34.80 and a two-hundred day simple moving average of $36.22. The company has a current ratio of 1.66, a quick ratio of 0.82 and a debt-to-equity ratio of 0.10.

Amer Sports (NYSE:AS) last posted its earnings results on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.84 billion. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 EPS. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. On average, analysts predict that Amer Sports, Inc. will post 1.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AS. Evercore upped their target price on Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. UBS Group upped their target price on Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 target price on Amer Sports in a research note on Wednesday, May 20th. Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a research note on Friday, February 20th. Finally, Robert W. Baird set a $51.00 target price on Amer Sports in a research note on Wednesday, May 20th. Two 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. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $48.19.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AS. Aspex Management HK Ltd acquired a new position in Amer Sports during the 3rd quarter valued at about $206,244,000. Artisan Partners Limited Partnership raised its position in shares of Amer Sports by 1,306.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock valued at $194,759,000 after purchasing an additional 4,843,742 shares during the last quarter. Scopus Asset Management L.P. purchased a new position in shares of Amer Sports in the 2nd quarter valued at approximately $108,562,000. Viking Global Investors LP raised its position in shares of Amer Sports by 63.5% in the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock valued at $220,436,000 after purchasing an additional 2,462,832 shares during the last quarter. Finally, WT Asset Management Ltd raised its position in shares of Amer Sports by 221.5% in the 3rd quarter. WT Asset Management Ltd now owns 3,499,062 shares of the company’s stock valued at $121,592,000 after purchasing an additional 2,410,861 shares during the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

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).