Brokerages Set Amer Sports, Inc. (NYSE:AS) Price Target at $49.70

Shares of Amer Sports, Inc. (NYSE:AS) have been assigned a consensus rating of “Buy” from the sixteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $49.70.

A number of brokerages recently weighed in on AS. Robert W. Baird set a $51.00 price objective on Amer Sports in a research report on Wednesday, May 20th. Truist Financial boosted their target price on shares of Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Amer Sports in a research report on Friday, July 24th. JPMorgan Chase & Co. raised their price target on shares of Amer Sports from $59.00 to $64.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Amer Sports in a research report on Wednesday, May 20th.

Amer Sports Stock Down 0.0%

Amer Sports stock opened at $32.87 on Friday. 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 market cap of $18.20 billion, a P/E ratio of 41.08, a P/E/G ratio of 1.12 and a beta of 2.05. The business has a fifty day moving average of $35.01 and a two-hundred day moving average of $35.42. Amer Sports has a twelve month low of $28.92 and a twelve month high of $42.76.

Amer Sports (NYSE:AS) last announced 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. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.84 billion. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The business’s revenue was up 32.1% compared to the same quarter last year. During the same period last year, the business posted $0.27 EPS. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. On average, analysts forecast that Amer Sports will post 1.23 earnings per share for the current fiscal year.

Insider Activity

In other Amer Sports news, CEO Stuart Haselden sold 215,275 shares of Amer Sports stock in a transaction on Monday, June 1st. The shares were sold at an average price of $35.57, for a total value of $7,657,331.75. Following the transaction, the chief executive officer directly owned 215,275 shares of the company’s stock, valued at approximately $7,657,331.75. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jie (James) Zheng sold 500,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 1,262,385 shares in the company, valued at approximately $43,451,291.70. The trade was a 28.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 833,580 shares of company stock worth $29,200,266.

Institutional Trading of Amer Sports

A number of institutional investors have recently made changes to their positions in the business. Aspex Management HK Ltd grew its stake in Amer Sports by 27.9% during the 4th quarter. Aspex Management HK Ltd now owns 7,593,627 shares of the company’s stock worth $283,622,000 after buying an additional 1,658,536 shares during the last quarter. Viking Global Investors LP boosted its holdings in Amer Sports by 63.5% in the third quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock worth $220,436,000 after acquiring an additional 2,462,832 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in Amer Sports by 1,306.7% in 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. Avala Global LP boosted its holdings in Amer Sports by 38.8% in the fourth quarter. Avala Global LP now owns 4,637,149 shares of the company’s stock worth $173,198,000 after acquiring an additional 1,297,200 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of Amer Sports by 16.0% during the fourth quarter. Morgan Stanley now owns 3,707,204 shares of the company’s stock worth $138,464,000 after acquiring an additional 510,419 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).