Amer Sports (NYSE:AS) Reaches New 12-Month Low – Here’s Why

Shares of Amer Sports, Inc. (NYSE:AS) reached a new 52-week low on Wednesday . The stock traded as low as $28.80 and last traded at $28.8460, with a volume of 3304299 shares traded. The stock had previously closed at $29.46.

Wall Street Analyst Weigh In

A number of research firms have commented on AS. Robert W. Baird set a $51.00 price target on shares of Amer Sports in a research note on Wednesday, May 20th. JPMorgan Chase & Co. raised their price target on Amer Sports from $59.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Weiss Ratings lowered shares of Amer Sports from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Amer Sports in a report on Wednesday, August 19th. Finally, UBS Group reaffirmed a “buy” rating on shares of Amer Sports in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.14.

Amer Sports Stock Down 2.3%

The company’s 50-day simple moving average is $34.13 and its two-hundred day simple moving average is $34.92. The firm has a market capitalization of $15.93 billion, a P/E ratio of 30.27, a P/E/G ratio of 0.98 and a beta of 1.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.76 and a quick ratio of 0.80.

Amer Sports (NYSE:AS) last released its earnings results on Tuesday, August 18th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Amer Sports had a net margin of 7.35% and a return on equity of 11.18%. The firm’s revenue was up 32.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 EPS. 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. As a group, research analysts expect that Amer Sports, Inc. will post 1.29 earnings per share for the current year.

Institutional Trading of Amer Sports

Several hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC bought a new stake in Amer Sports in the first quarter worth about $565,000. Goldman Sachs Group Inc. raised its holdings in shares of Amer Sports by 44.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company’s stock worth $31,372,000 after buying an additional 358,536 shares during the period. Legal & General Group Plc boosted its holdings in Amer Sports by 103.2% during the 2nd quarter. Legal & General Group Plc now owns 16,404 shares of the company’s stock valued at $636,000 after acquiring an additional 8,330 shares during the period. American Century Companies Inc. purchased a new stake in Amer Sports in the second quarter worth $472,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Amer Sports by 276.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,364 shares of the company’s stock valued at $130,000 after purchasing an additional 2,470 shares during the period. 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).