Amer Sports, Inc. (NYSE:AS) Given Consensus Rating of “Buy” by Analysts

Shares of Amer Sports, Inc. (NYSE:AS) have been given a consensus recommendation of “Buy” by the sixteen ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $48.9846.

AS has been the subject of several analyst reports. Weiss Ratings upgraded Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, April 27th. Truist Financial lifted their target price on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft set a $52.00 price target on Amer Sports in a report on Wednesday, May 20th. Robert W. Baird set a $51.00 price target on Amer Sports in a research report on Wednesday, May 20th. Finally, UBS Group lifted their price objective on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th.

Amer Sports Stock Performance

AS opened at $34.02 on Monday. The company’s 50 day moving average is $34.94 and its 200 day moving average is $35.66. The company has a current ratio of 1.66, a quick ratio of 0.82 and a debt-to-equity ratio of 0.10. The company has a market cap of $18.84 billion, a price-to-earnings ratio of 42.53, a PEG ratio of 1.18 and a beta of 2.07. Amer Sports has a 12-month low of $28.92 and a 12-month high of $42.76.

Amer Sports (NYSE:AS) last announced 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 during the quarter, compared to analysts’ expectations of $1.84 billion. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The firm’s revenue was up 32.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.27 earnings per share. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. On average, equities research analysts predict that Amer Sports will post 1.22 EPS for the current year.

Insider Activity

In other Amer Sports news, CFO Andrew E. Page sold 105,230 shares of the company’s stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jie (James) Zheng sold 500,000 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 1,262,385 shares of the company’s stock, valued at approximately $43,451,291.70. This trade represents a 28.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 833,580 shares of company stock worth $29,200,266 in the last quarter.

Institutional Inflows and Outflows

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

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).