Andrew Page Sells 2,022 Shares of Amer Sports (NYSE:AS) Stock

Amer Sports, Inc. (NYSE:AS) CFO Andrew Page sold 2,022 shares of the business’s stock in a transaction on 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 sale, the chief financial officer directly owned 6,575 shares in the company, valued at $188,242.25. This represents a 23.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Amer Sports Price Performance

Shares of NYSE AS opened at $28.43 on Friday. The company has a fifty day moving average price of $33.89 and a 200 day moving average price of $34.77. The firm has a market cap of $15.75 billion, a PE ratio of 29.93, a PEG ratio of 0.92 and a beta of 1.99. The company has a current ratio of 1.76, a quick ratio of 0.80 and a debt-to-equity ratio of 0.11. Amer Sports, Inc. has a 1-year low of $28.09 and a 1-year high of $42.76.

Amer Sports (NYSE:AS) last released its quarterly earnings results on Tuesday, August 18th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.11. The firm 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 revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. 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. Research analysts predict that Amer Sports, Inc. will post 1.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC bought a new position in Amer Sports in the fourth quarter valued at approximately $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 buying 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 buying an additional 742 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake 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 valued at $29,000 after buying an additional 703 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake 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 valued at $42,000 after buying an additional 848 shares in the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AS has been the topic of several research reports. Barclays boosted 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. Truist Financial decreased their price target on shares of Amer Sports from $50.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, August 19th. Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a report on Wednesday, August 19th. Robert W. Baird set a $51.00 price objective on shares of Amer Sports in a research report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Amer Sports in a report on Wednesday, August 19th. One equities research 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $49.14.

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).