Amer Sports (NYSE:AS) Stock Price Down 4.6% – Here’s What Happened

Amer Sports, Inc. (NYSE:AS)’s stock price dropped 4.6% on Tuesday . The company traded as low as $34.61 and last traded at $34.4930. 427,743 shares changed hands during trading, a decline of 90% from the average session volume of 4,370,182 shares. The stock had previously closed at $36.17.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Amer Sports from $59.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Amer Sports in a research report on Friday, July 24th. UBS Group boosted their price target on Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Piper Sandler restated an “overweight” rating and issued a $45.00 target price on shares of Amer Sports in a report on Monday, July 27th. Finally, Robert W. Baird set a $51.00 price objective on shares of Amer Sports in a research report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $49.70.

Amer Sports Stock Performance

The company has a 50-day moving average of $35.12 and a 200-day moving average of $35.53. The firm has a market capitalization of $18.88 billion, a price-to-earnings ratio of 42.64, a price-to-earnings-growth ratio of 1.28 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 posted its earnings results on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.31 by $0.07. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.84 billion. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The business’s revenue was up 32.1% compared to the same quarter last year. 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 forecast that Amer Sports, Inc. will post 1.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Amer Sports

In related news, CFO Andrew E. Page sold 105,230 shares of Amer Sports 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 transaction, the chief financial officer directly owned 4,083 shares in the company, valued at $150,050.25. The trade was a 96.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Stuart Haselden sold 215,275 shares of the 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 $7,657,331.75. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 833,580 shares of company stock worth $29,200,266.

Institutional Investors Weigh In On Amer Sports

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC acquired a new stake in Amer Sports during the first quarter valued at $565,000. Goldman Sachs Group Inc. grew its stake in shares of Amer Sports by 44.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company’s stock valued at $31,372,000 after buying an additional 358,536 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Amer Sports by 103.2% in the 2nd quarter. Legal & General Group Plc now owns 16,404 shares of the company’s stock valued at $636,000 after buying an additional 8,330 shares in the last quarter. American Century Companies Inc. acquired a new position in Amer Sports in the second quarter worth approximately $472,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Amer Sports by 276.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,364 shares of the company’s stock worth $130,000 after buying an additional 2,470 shares during the last quarter. 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).