Amer Sports (NYSE:AS) Given New $42.00 Price Target at Truist Financial

Amer Sports (NYSE:AS) had its price target reduced by investment analysts at Truist Financial from $50.00 to $42.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 23.04% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Amer Sports in a research note on Friday, July 24th. Robert W. Baird set a $51.00 price target on shares of Amer Sports in a research report on Wednesday, May 20th. 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 report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 price target on shares of Amer Sports in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. raised their price objective on Amer Sports from $59.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Amer Sports presently has an average rating of “Buy” and an average target price of $49.20.

Amer Sports Trading Up 1.5%

Shares of Amer Sports stock traded up $0.52 during trading on Wednesday, hitting $34.14. 847,431 shares of the company were exchanged, compared to its average volume of 4,494,783. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.82. The firm has a market capitalization of $18.91 billion, a P/E ratio of 42.58, a price-to-earnings-growth ratio of 1.12 and a beta of 2.05. The firm’s fifty day moving average price is $34.96 and its 200 day moving average price is $35.36. Amer Sports has a 1-year low of $28.92 and a 1-year high of $42.76.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Monday, August 17th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the company posted $0.03 EPS. Amer Sports’s revenue for the quarter was up 32.1% on a year-over-year basis. As a group, sell-side analysts expect that Amer Sports will post 1.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Amer Sports

In other Amer Sports news, CEO Stuart Haselden sold 215,275 shares of the business’s 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Wen-Chang (Victor) Chen sold 13,075 shares of the 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 owned 149,821 shares of the company’s stock, valued at approximately $5,336,624.02. This represents a 8.03% decrease in their ownership of the stock. 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 valued at $29,200,266.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wakefield Asset Management LLLP acquired a new stake in Amer Sports in the 4th quarter valued at about $3,927,000. Norges Bank acquired a new position in Amer Sports during the fourth quarter worth approximately $70,055,000. Ogborne Capital Management LLC acquired a new position in Amer Sports during the fourth quarter worth approximately $22,257,000. Legal & General Group Plc raised its stake in Amer Sports by 670.1% in the fourth quarter. Legal & General Group Plc now owns 118,455 shares of the company’s stock valued at $4,424,000 after buying an additional 103,074 shares during the period. Finally, Pinnbrook Capital Management LP bought a new stake in Amer Sports in the fourth quarter valued at approximately $1,549,000. 40.25% of the stock is owned by institutional investors and hedge funds.

Amer Sports News Roundup

Here are the key news stories impacting Amer Sports this week:

• Positive Sentiment: Amer Sports reported second-quarter revenue of $1.63 billion, up 32.1% year over year and above the $1.54 billion consensus estimate. Adjusted EPS of $0.22 also exceeded expectations of $0.11, with growth led by Arc’teryx, Salomon and Wilson Tennis. Amer Sports Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company raised its full-year 2026 outlook, calling for revenue of approximately $8.1 billion and EPS of $1.27-$1.30, compared with consensus estimates of roughly $8.0 billion and $1.26. It also increased its full-year revenue, operating-margin and EPS guidance. Arc’teryx Owner Amer Sports Increases Guidance
• Positive Sentiment: Management said momentum remains broad-based across segments, regions and sales channels. Strong Salomon softgoods demand, Arc’teryx’s direct-to-consumer and wholesale performance, and Wilson’s Tennis 360 strategy are supporting continued growth. Amer is also expanding its premium retail presence in North America, which could improve brand visibility and distribution. Amer Sports Is Building Premium Retail Reach in North America
• Neutral Sentiment: Second-quarter gross margin increased to 65.6%, helped by tariff refunds and brand strength. While management believes there is no structural obstacle to further sales and profit growth, investors may distinguish between recurring operating improvement and the one-time benefit from tariff refunds. Amer Sports Q2 2026 Gross Margin Jumps
• Negative Sentiment: Third-quarter EPS guidance of $0.31-$0.33 is below the $0.38 analyst consensus, although revenue guidance of approximately $2.1 billion is in line with expectations. The cautious near-term profit outlook may weigh on the stock despite the stronger quarter and upgraded full-year forecast. Amer Sports Beats Q2 Earnings and Revenue Estimates

Amer Sports Company Profile

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).