Amer Sports (NYSE:AS) Insider Wen-Chang (Victor) Chen Sells 13,075 Shares

Amer Sports, Inc. (NYSE:AS) insider Wen-Chang (Victor) Chen sold 13,075 shares of Amer Sports stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $35.62, for a total value of $465,731.50. Following the transaction, the insider directly owned 149,821 shares in the company, valued at approximately $5,336,624.02. The trade was a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Amer Sports Stock Down 2.8%

AS stock opened at $34.42 on Thursday. Amer Sports, Inc. has a twelve month low of $28.92 and a twelve month high of $42.76. The company has a quick ratio of 0.82, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The stock has a market cap of $19.06 billion, a P/E ratio of 43.02, a PEG ratio of 1.23 and a beta of 2.05. The business’s 50-day moving average price is $34.77 and its 200-day moving average price is $36.19.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Tuesday, May 19th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the firm earned $0.27 EPS. The business’s quarterly revenue was up 32.1% on a year-over-year basis. 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 EPS for the current year.

Institutional Trading of Amer Sports

Hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its stake in Amer Sports by 84.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock worth $25,000 after purchasing an additional 348 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Amer Sports in the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd lifted its holdings 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 valued at $29,000 after acquiring an additional 703 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Amer Sports by 1,030.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock valued at $30,000 after acquiring an additional 742 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Amer Sports by 241.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock valued at $42,000 after acquiring an additional 848 shares during the last quarter. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on AS. Truist Financial lifted their target price on shares of Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Weiss Ratings upgraded shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft set a $52.00 price target on Amer Sports in a report on Wednesday, May 20th. Evercore boosted their price target on Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $48.19.

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).