Amer Sports (NYSE:AS) Insider Sells $465,731.50 in Stock

Amer Sports, Inc. (NYSE:AS) insider Wen-Chang (Victor) Chen sold 13,075 shares of Amer Sports stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $35.62, for a total transaction of $465,731.50. Following the completion of the transaction, the insider owned 149,821 shares of the company’s stock, valued at $5,336,624.02. This represents a 8.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Amer Sports Stock Down 1.3%

Shares of Amer Sports stock opened at $35.36 on Wednesday. Amer Sports, Inc. has a 52-week low of $28.92 and a 52-week high of $42.76. The company has a 50 day moving average of $34.64 and a 200 day moving average of $36.13. The company has a quick ratio of 0.82, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $19.58 billion, a P/E ratio of 44.20, a P/E/G ratio of 1.24 and a beta of 2.05.

Amer Sports (NYSE:AS) last issued its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was up 32.1% on a year-over-year basis. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. As a group, research analysts forecast that Amer Sports, Inc. will post 1.22 EPS for the current fiscal year.

Analyst Ratings Changes

AS has been the subject of several recent analyst reports. Piper Sandler restated an “overweight” rating on shares of Amer Sports in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Amer Sports in a research report on Wednesday, May 20th. UBS Group boosted their price objective on shares of Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Evercore boosted their price objective on shares of Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Finally, Weiss Ratings upgraded shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $48.19.

Institutional Trading of Amer Sports

Several institutional investors have recently modified their holdings of the stock. Alpine Woods Capital Investors LLC purchased a new stake in shares of Amer Sports during the 1st quarter worth approximately $221,000. Edgestream Partners L.P. acquired a new position in shares of Amer Sports in the 1st quarter valued at $1,220,000. Amundi increased its holdings in shares of Amer Sports by 209.6% in the 1st quarter. Amundi now owns 611,820 shares of the company’s stock valued at $20,141,000 after acquiring an additional 414,233 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Amer Sports by 84.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock valued at $25,000 after acquiring an additional 348 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Amer Sports by 16.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 44,871 shares of the company’s stock valued at $1,477,000 after acquiring an additional 6,496 shares during the period. Hedge funds and other 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).