Amer Sports, Inc. (NYSE:AS) Receives $48.19 Average Price Target from Analysts

Amer Sports, Inc. (NYSE:AS) has been given an average rating of “Buy” by the eighteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $48.1938.

AS has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft set a $52.00 target price on shares of Amer Sports in a report on Wednesday, May 20th. Truist Financial upped their target price on shares of Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Weiss Ratings raised shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Evercore boosted their price target on shares of Amer Sports from $50.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Finally, UBS Group boosted their price target on shares of 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 Price Performance

Amer Sports stock opened at $34.18 on Friday. Amer Sports has a 52-week low of $28.92 and a 52-week high of $42.76. The firm has a market capitalization of $18.93 billion, a price-to-earnings ratio of 42.73, a PEG ratio of 1.18 and a beta of 2.05. The company has a fifty day simple moving average of $34.81 and a 200-day simple moving average of $36.20. The company has a quick ratio of 0.82, a current ratio of 1.66 and a debt-to-equity ratio of 0.10.

Amer Sports (NYSE:AS) last released its 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 business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was up 32.1% compared to the same quarter last year. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. On average, equities analysts anticipate that Amer Sports will post 1.22 EPS for the current fiscal year.

Insider Activity

In other Amer Sports news, CEO Stuart Haselden sold 215,275 shares of Amer Sports stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $35.57, for a total transaction of $7,657,331.75. Following the transaction, the chief executive officer directly owned 215,275 shares of the company’s stock, valued at $7,657,331.75. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wen-Chang (Victor) Chen sold 13,075 shares of Amer Sports stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $35.62, for a total transaction of $465,731.50. Following the transaction, the insider directly owned 149,821 shares in the company, valued at $5,336,624.02. This trade represents a 8.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 860,705 shares of company stock valued at $30,156,939 over the last three months.

Hedge Funds Weigh In On Amer Sports

A number of institutional investors have recently bought and sold shares of the company. Aspex Management HK Ltd raised its stake in Amer Sports by 27.9% during the fourth quarter. Aspex Management HK Ltd now owns 7,593,627 shares of the company’s stock worth $283,622,000 after purchasing an additional 1,658,536 shares during the period. Viking Global Investors LP raised its stake in Amer Sports by 63.5% during the third quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock worth $220,436,000 after purchasing an additional 2,462,832 shares during the period. Artisan Partners Limited Partnership raised its stake in Amer Sports by 1,306.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock worth $194,759,000 after purchasing an additional 4,843,742 shares during the period. Avala Global LP raised its stake in Amer Sports by 38.8% during the fourth quarter. Avala Global LP now owns 4,637,149 shares of the company’s stock worth $173,198,000 after purchasing an additional 1,297,200 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Amer Sports by 57.5% during the third quarter. BNP Paribas Financial Markets now owns 3,991,563 shares of the company’s stock worth $138,707,000 after purchasing an additional 1,457,951 shares during the period. 40.25% of the stock is owned by hedge funds and other institutional investors.

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).