Amer Sports, Inc. (NYSE:AS) Given Consensus Rating of “Buy” by Analysts

Amer Sports, Inc. (NYSE:AS) has received a consensus recommendation of “Buy” from the seventeen research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $48.70.

AS has been the subject of several analyst reports. Robert W. Baird set a $51.00 price objective on Amer Sports in a research note on Wednesday, May 20th. UBS Group raised their price objective on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Weiss Ratings raised 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 objective on Amer Sports in a research note on Wednesday, May 20th. Finally, Truist Financial lifted their price target on shares of Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th.

Amer Sports Stock Performance

NYSE AS opened at $33.22 on Thursday. The stock has a market capitalization of $18.40 billion, a PE ratio of 41.52, a P/E/G ratio of 1.19 and a beta of 2.05. The business has a 50 day simple moving average of $35.15 and a two-hundred day simple moving average of $36.12. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.82. Amer Sports has a 1-year low of $28.92 and a 1-year high of $42.76.

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

Insiders Place Their Bets

In related news, insider Wen-Chang (Victor) Chen sold 13,075 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $35.62, for a total transaction of $465,731.50. Following the completion of the sale, the insider directly owned 149,821 shares of the company’s stock, valued at approximately $5,336,624.02. This trade represents a 8.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jie (James) Zheng sold 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $34.42, for a total value of $17,210,000.00. Following the sale, the chief executive officer directly owned 1,262,385 shares of the company’s stock, valued at $43,451,291.70. This represents a 28.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 860,705 shares of company stock valued at $30,156,939 over the last quarter.

Institutional Investors Weigh In On Amer Sports

Institutional investors and hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new stake in shares of Amer Sports during the 4th quarter worth approximately $27,000. EverSource Wealth Advisors LLC lifted its stake in shares of Amer Sports by 84.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock worth $25,000 after acquiring an additional 348 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in Amer Sports by 1,030.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock valued at $30,000 after purchasing an additional 742 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in Amer Sports by 484.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock valued at $29,000 after purchasing an additional 703 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Amer Sports by 241.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock valued at $42,000 after purchasing an additional 848 shares in the last quarter. 40.25% of the stock is owned by institutional investors.

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).