Amer Sports (NYSE:AS) CFO Andrew Page Sells 105,230 Shares of Stock

Amer Sports, Inc. (NYSE:AS) CFO Andrew Page sold 105,230 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total transaction of $3,867,202.50. Following the completion of the transaction, the chief financial officer directly owned 4,083 shares of the company’s stock, valued at $150,050.25. This trade represents a 96.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Amer Sports Stock Performance

Shares of NYSE:AS opened at $36.76 on Thursday. The company has a market capitalization of $20.36 billion, a price-to-earnings ratio of 45.96, a price-to-earnings-growth ratio of 1.28 and a beta of 2.16. Amer Sports, Inc. has a 52 week low of $28.92 and a 52 week 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 firm has a 50 day moving average of $34.49 and a 200 day moving average of $36.01.

Amer Sports (NYSE:AS) last issued its quarterly earnings data on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, topping 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 net margin of 6.50% and a return on equity of 10.29%. Amer Sports’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 earnings per share. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. On average, sell-side analysts predict that Amer Sports, Inc. will post 1.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a research note on Friday, February 20th. UBS Group lifted their target price on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 target price on Amer Sports in a research note on Wednesday, May 20th. Evercore lifted their price target on shares of Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Finally, Weiss Ratings raised shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Two equities research 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 company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $48.19.

Institutional Investors Weigh In On Amer Sports

Institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new stake in Amer Sports in the fourth quarter worth about $27,000. EverSource Wealth Advisors LLC raised its holdings in shares of 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 buying an additional 348 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Amer Sports by 1,030.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock worth $30,000 after buying an additional 742 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Amer Sports by 484.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock worth $29,000 after buying an additional 703 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Amer Sports by 241.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock worth $42,000 after buying an additional 848 shares during the last quarter. Institutional investors and hedge funds 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).