Wells Fargo & Company Lowers Amer Sports (NYSE:AS) Price Target to $40.00

Amer Sports (NYSE:AS) had its price objective lowered by research analysts at Wells Fargo & Company from $45.00 to $40.00 in a report released on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 52.65% from the company’s previous close.

AS has been the subject of a number of other reports. Barclays upped their price objective on shares of Amer Sports from $49.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Weiss Ratings lowered shares of Amer Sports from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 19th. Truist Financial cut their target price on shares of Amer Sports from $50.00 to $42.00 and set a “buy” rating on the stock in a research note on Wednesday, August 19th. UBS Group reiterated a “buy” rating on shares of Amer Sports in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Amer Sports in a research note on Wednesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Amer Sports presently has a consensus rating of “Moderate Buy” and an average target price of $45.59.

Amer Sports Trading Down 3.4%

Amer Sports stock opened at $26.20 on Friday. Amer Sports has a 1 year low of $26.18 and a 1 year high of $42.76. The firm’s 50 day moving average price is $32.62 and its two-hundred day moving average price is $33.93. The firm has a market cap of $14.51 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 0.87 and a beta of 1.99. 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 issued its earnings results on Monday, August 17th. The company reported $0.22 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the firm posted $0.03 EPS. The company’s quarterly revenue was up 32.1% on a year-over-year basis. On average, research analysts predict that Amer Sports will post 1.29 EPS for the current fiscal year.

Insider Activity

In other Amer Sports news, insider Wen-Chang Chen sold 117,461 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $26.60, for a total value of $3,124,462.60. Following the completion of the sale, the insider directly owned 434,855 shares of the company’s stock, valued at $11,567,143. The trade was a 21.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Andrew E. Page sold 2,022 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $28.63, for a total transaction 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 trade represents a 23.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Institutional Investors Weigh In On Amer Sports

Institutional investors and hedge funds have recently modified their holdings of the business. Aspex Management HK Ltd increased its position in Amer Sports by 27.9% during the fourth quarter. Aspex Management HK Ltd now owns 7,593,627 shares of the company’s stock worth $283,622,000 after buying an additional 1,658,536 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Amer Sports by 1,306.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock worth $194,759,000 after buying an additional 4,843,742 shares during the last quarter. Avala Global LP boosted its stake in shares of Amer Sports by 38.8% during the 4th quarter. Avala Global LP now owns 4,637,149 shares of the company’s stock worth $173,198,000 after acquiring an additional 1,297,200 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of Amer Sports by 5.4% during the 4th quarter. Brown Advisory Inc. now owns 3,372,726 shares of the company’s stock worth $125,971,000 after acquiring an additional 172,518 shares in the last quarter. Finally, Temasek Holdings Private Ltd increased its holdings in shares of Amer Sports by 42.1% during the 1st quarter. Temasek Holdings Private Ltd now owns 3,665,157 shares of the company’s stock valued at $120,657,000 after acquiring an additional 1,086,616 shares during the last quarter. Institutional investors and hedge funds own 40.25% of the company’s stock.

More Amer Sports News

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

• Positive Sentiment: Amer Sports raised its third-quarter 2026 outlook and updated its long-term financial targets, signaling continued momentum across Arc’teryx, Salomon and its other premium sports brands. The updates were announced ahead of the company’s investor day and provide greater visibility into its growth strategy. Amer Sports Updates Long-Term Financial Algorithm and Third Quarter 2026 Guidance
• Positive Sentiment: The company is targeting $3 billion in annual Salomon sales by 2028. Success would make Salomon a larger growth driver and strengthen Amer Sports’ broader revenue-expansion plans. Amer Sports Targets $3 Billion in Salomon Sales by 2028
• Positive Sentiment: UBS said the raised third-quarter outlook supports its fiscal 2026 estimates. Analysts and investors have also highlighted Amer Sports’ strong revenue growth, approximately 60% gross margins, diversified brand portfolio and net-cash position. Amer Sports’ Raised Q3 Outlook Supports Fiscal 2026 Estimates, UBS Says
• Neutral Sentiment: Amer Sports’ direct-to-consumer expansion and expected margin gains could support long-term earnings growth, but investors still need evidence that the company can translate ambitious sales targets into sustained cash flow and profitability. Amer Sports’ 2026 Outlook
• Negative Sentiment: Insider Wen-Chang Chen sold 117,461 shares for approximately $3.1 million, reducing his direct ownership by 21.27%. Although he retained a significant stake, the transaction may pressure sentiment while AS trades near its annual low. Trade-policy uncertainty and potential tariffs also remain risks for margins and international growth. Amer Sports Insider Sells Stock

About Amer Sports

Amer Sports, Inc (NYSE: AS) is a global sporting goods company that designs, manufactures and markets equipment, apparel, footwear and accessories for outdoor, action sports and team sports. Its products are sold through wholesale partners, company-operated stores and digital channels across North America, Europe, Asia and other international markets.

The company’s brand portfolio includes Arc’teryx, which focuses on premium outdoor apparel and equipment; Salomon, known for mountain sports footwear and equipment; Wilson, which serves tennis, pickleball, baseball, basketball and other team sports; Atomic, which specializes in skiing products; and Peak Performance and Armada, which offer outdoor and winter sports apparel and equipment.

Amer Sports traces its origins to 1950 in Finland, where it was established as Amer-Yhtymä before developing into a diversified sporting goods group.