Traders Buy Large Volume of Call Options on Amer Sports (NYSE:AS)

Amer Sports, Inc. (NYSE:AS) was the target of some unusual options trading activity on Friday. Traders purchased 63,914 call options on the stock. This represents an increase of 1,368% compared to the average daily volume of 4,353 call options.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AS shares. Robert W. Baird set a $51.00 price objective on Amer Sports in a research note on Wednesday, May 20th. JPMorgan Chase & Co. raised their target price on Amer Sports from $59.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Truist Financial lifted their target price on Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Piper Sandler reiterated an “overweight” rating and issued a $45.00 price target on shares of Amer Sports in a research report on Monday, July 27th. Finally, UBS Group upped 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. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $49.70.

Amer Sports Trading Down 0.8%

Amer Sports stock opened at $32.87 on Friday. The firm has a market cap of $18.20 billion, a price-to-earnings ratio of 41.08, a price-to-earnings-growth ratio of 1.15 and a beta of 2.05. Amer Sports has a 1 year low of $28.92 and a 1 year high of $42.76. The firm’s 50 day moving average price is $35.01 and its two-hundred day moving average price is $35.44. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 1.66.

Amer Sports (NYSE:AS) last announced its quarterly earnings data on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.84 billion. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The company’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. On average, research analysts predict that Amer Sports will post 1.23 EPS for the current fiscal year.

Insider Activity at Amer Sports

In other Amer Sports news, CEO Stuart Haselden sold 215,275 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was 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 directly owned 215,275 shares in the company, valued at $7,657,331.75. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jie (James) Zheng sold 500,000 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $34.42, for a total value of $17,210,000.00. Following the transaction, the chief executive officer directly owned 1,262,385 shares of the company’s stock, valued at approximately $43,451,291.70. The trade was a 28.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 833,580 shares of company stock worth $29,200,266 over the last ninety days.

Hedge Funds Weigh In On Amer Sports

A number of hedge funds and other institutional investors have recently modified their holdings of AS. EverSource Wealth Advisors LLC raised its holdings in Amer Sports by 84.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock worth $25,000 after buying an additional 348 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Amer Sports by 10.6% in the second quarter. GAMMA Investing LLC now owns 4,223 shares of the company’s stock worth $143,000 after buying an additional 405 shares during the period. Federation des caisses Desjardins du Quebec boosted its holdings in shares of Amer Sports by 10.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,466 shares of the company’s stock worth $167,000 after buying an additional 405 shares during the period. Choreo LLC increased its position in shares of Amer Sports by 4.9% in the fourth quarter. Choreo LLC now owns 9,387 shares of the company’s stock worth $354,000 after acquiring an additional 437 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of Amer Sports by 1.1% in the third quarter. Mackenzie Financial Corp now owns 48,745 shares of the company’s stock worth $1,694,000 after acquiring an additional 540 shares in the last quarter. Institutional investors and hedge funds own 40.25% of the company’s stock.

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).