Insider Selling: Amer Sports (NYSE:AS) CEO Sells $7,657,331.75 in Stock

Amer Sports, Inc. (NYSE:AS) CEO Stuart Haselden sold 215,275 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $35.57, for a total transaction of $7,657,331.75. Following the transaction, the chief executive officer owned 215,275 shares in the company, valued at $7,657,331.75. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Stuart Haselden also recently made the following trade(s):

• On Thursday, April 16th, Stuart Haselden sold 11,438 shares of Amer Sports stock. The shares were sold at an average price of $36.26, for a total transaction of $414,741.88.
• On Thursday, April 2nd, Stuart Haselden sold 6,511 shares of Amer Sports stock. The shares were sold at an average price of $33.28, for a total transaction of $216,686.08.

Amer Sports Trading Up 0.7%

Shares of Amer Sports stock opened at $34.59 on Friday. The company has a current ratio of 1.66, a quick ratio of 0.82 and a debt-to-equity ratio of 0.10. Amer Sports, Inc. has a 12-month low of $28.92 and a 12-month high of $42.76. The firm has a market capitalization of $19.16 billion, a price-to-earnings ratio of 43.24, a PEG ratio of 1.19 and a beta of 2.05. The firm’s 50 day simple moving average is $34.80 and its two-hundred day simple moving average is $36.22.

Amer Sports (NYSE:AS) last issued its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the business posted $0.27 EPS. Amer Sports’s revenue for the quarter was up 32.1% compared to the same quarter last year. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. Analysts predict that Amer Sports, Inc. will post 1.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AS shares. Robert W. Baird set a $51.00 price target on shares of Amer Sports in a research note on Wednesday, May 20th. Piper Sandler restated an “overweight” rating on shares of Amer Sports in a research note on Friday, February 20th. 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. Truist Financial upped their price objective on shares of Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Amer Sports in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $48.19.

Institutional Trading of Amer Sports

Large investors have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new stake in shares of Amer Sports in the 4th quarter valued at $27,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Amer Sports by 84.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock valued at $25,000 after acquiring an additional 348 shares during the last quarter. Rockefeller Capital Management L.P. boosted 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. Caitong International Asset Management Co. Ltd boosted 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. Finally, PNC Financial Services Group Inc. boosted 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. 40.25% of the stock is owned by hedge funds and other institutional investors.

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).