Traders Buy Large Volume of Amer Sports Put Options (NYSE:AS)

Amer Sports, Inc. (NYSE:AS) was the target of some unusual options trading activity on Thursday. Investors bought 23,016 put options on the company. This is an increase of approximately 155% compared to the typical volume of 9,040 put options.

Amer Sports Price Performance

NYSE:AS traded down $0.03 during mid-day trading on Thursday, hitting $28.53. The company’s stock had a trading volume of 2,130,399 shares, compared to its average volume of 4,767,773. Amer Sports has a fifty-two week low of $28.09 and a fifty-two week high of $42.76. The company has a current ratio of 1.76, a quick ratio of 0.80 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $15.80 billion, a price-to-earnings ratio of 30.08, a P/E/G ratio of 0.94 and a beta of 1.99. The stock has a fifty day moving average of $34.00 and a 200-day moving average of $34.85.

Amer Sports (NYSE:AS) last released its quarterly earnings data on Tuesday, August 18th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. Amer Sports had a return on equity of 11.18% and a net margin of 7.35%.The company’s quarterly revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 earnings per share. 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, equities analysts forecast that Amer Sports will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on AS shares. JPMorgan Chase & Co. upped their price target on Amer Sports from $59.00 to $64.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. UBS Group reissued a “buy” rating on shares of Amer Sports in a report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Amer Sports in a research report on Wednesday, August 19th. Barclays upped their target price on Amer Sports from $49.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Finally, Robert W. Baird set a $51.00 target price on Amer Sports in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued 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 “Moderate Buy” and an average price target of $49.14.

Insider Activity at Amer Sports

In other news, CFO Andrew E. Page sold 2,022 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $28.63, for a total transaction of $57,889.86. Following the completion of the transaction, the chief financial officer owned 6,575 shares of the company’s stock, valued at approximately $188,242.25. This represents a 23.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Institutional Trading of Amer Sports

Several institutional investors have recently bought and sold shares of the stock. Artisan Partners Limited Partnership raised its stake in Amer Sports by 1,306.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock worth $194,759,000 after acquiring an additional 4,843,742 shares in the last quarter. Scopus Asset Management L.P. acquired a new stake in shares of Amer Sports in the 2nd quarter valued at $108,562,000. Viking Global Investors LP boosted its stake in shares of Amer Sports by 63.5% in the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock valued at $220,436,000 after purchasing an additional 2,462,832 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Amer Sports in the 2nd quarter worth about $87,287,000. Finally, Squarepoint Ops LLC grew its holdings in shares of Amer Sports by 5,847.1% in the 4th quarter. Squarepoint Ops LLC now owns 1,986,102 shares of the company’s stock worth $74,181,000 after purchasing an additional 1,952,706 shares during the last quarter. Institutional investors and hedge funds own 40.25% of the company’s stock.

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).