Amer Sports Target of Unusually High Options Trading (NYSE:AS)

Amer Sports, Inc. (NYSE:AS) saw unusually large options trading on Thursday. Investors bought 20,309 put options on the stock. This represents an increase of approximately 403% compared to the average volume of 4,034 put options.

Insiders Place Their Bets

In other news, CFO Andrew E. Page sold 105,230 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was 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 approximately $150,050.25. This trade represents a 96.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Stuart Haselden sold 215,275 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $35.57, for a total value of $7,657,331.75. Following the completion of the sale, the chief executive officer owned 215,275 shares of the company’s stock, valued at approximately $7,657,331.75. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 833,580 shares of company stock worth $29,200,266 over the last ninety days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AS. Kestra Advisory Services LLC acquired a new stake in shares of Amer Sports during the fourth quarter worth $27,000. EverSource Wealth Advisors LLC increased its holdings in Amer Sports by 84.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock worth $25,000 after purchasing an additional 348 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Amer Sports by 1,030.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock worth $30,000 after purchasing an additional 742 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Amer Sports by 484.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock valued at $29,000 after purchasing an additional 703 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake 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 period. Institutional investors and hedge funds own 40.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AS. JPMorgan Chase & Co. boosted their target price on shares of Amer Sports from $59.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Amer Sports in a research note on Friday, July 24th. Piper Sandler reissued an “overweight” rating and issued a $45.00 price target on shares of Amer Sports in a report on Monday, July 27th. Robert W. Baird set a $51.00 price objective on shares of Amer Sports in a research report on Wednesday, May 20th. Finally, Truist Financial upped their price objective on Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Amer Sports presently has an average rating of “Buy” and an average price target of $49.70.

Amer Sports Trading Down 0.8%

Shares of AS traded down $0.25 on Friday, reaching $32.87. 4,535,345 shares of the company’s stock were exchanged, compared to its average volume of 4,535,520. The business has a 50 day moving average price of $35.01 and a two-hundred day moving average price of $35.44. Amer Sports has a 12 month low of $28.92 and a 12 month high of $42.76. The stock has a market capitalization of $18.20 billion, a P/E ratio of 41.08, a price-to-earnings-growth ratio of 1.15 and a beta of 2.05. 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 announced its quarterly earnings data 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. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the firm earned $0.27 earnings per share. The business’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. Research analysts anticipate that Amer Sports will post 1.23 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).