Amer Sports (NYSE:AS) CFO Sells $57,889.86 in Stock

Amer Sports, Inc. (NYSE:AS) CFO Andrew Page sold 2,022 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $28.63, for a total value of $57,889.86. Following the transaction, the chief financial officer owned 6,575 shares in the company, valued at approximately $188,242.25. This represents a 23.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Amer Sports Price Performance

Shares of AS stock opened at $29.59 on Friday. The firm has a market cap of $16.39 billion, a P/E ratio of 31.15, a P/E/G ratio of 0.91 and a beta of 1.99. Amer Sports, Inc. has a fifty-two week low of $28.09 and a fifty-two week high of $42.76. The business’s 50 day moving average price is $33.80 and its 200-day moving average price is $34.74. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.80 and a current ratio of 1.76.

Amer Sports (NYSE:AS) last announced its earnings results on Tuesday, August 18th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. Amer Sports had a return on equity of 11.18% and a net margin of 7.35%.The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the company earned $0.03 earnings per share. The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. Amer Sports has set its FY 2026 guidance at 1.270-1.300 EPS and its Q3 2026 guidance at 0.310-0.330 EPS. On average, equities research analysts anticipate that Amer Sports, Inc. will post 1.29 earnings per share for the current year.

Institutional Trading of Amer Sports

A number of hedge funds have recently made changes to their positions in AS. EverSource Wealth Advisors LLC boosted its holdings in Amer Sports by 84.3% in the first quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock worth $25,000 after acquiring an additional 348 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Amer Sports during the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd raised its position 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 worth $29,000 after purchasing an additional 703 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in Amer Sports by 1,030.6% in 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. Finally, PNC Financial Services Group Inc. boosted its stake in Amer Sports by 241.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock worth $42,000 after purchasing an additional 848 shares in the last quarter. 40.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AS has been the subject of several research analyst reports. UBS Group reaffirmed a “buy” rating on shares of Amer Sports in a research report on Wednesday, August 19th. Barclays increased their price target on shares of Amer Sports from $49.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Robert W. Baird set a $51.00 price objective on Amer Sports in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Amer Sports in a research report on Wednesday, August 19th. Finally, Piper Sandler restated an “overweight” rating on shares of Amer Sports in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.14.

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).