Amer Sports Sees Unusually Large Options Volume (NYSE:AS)

Amer Sports, Inc. (NYSE:AS) saw some unusual options trading activity on Thursday. Traders bought 6,062 call options on the company. This represents an increase of 60% compared to the average volume of 3,784 call options.

Insider Buying and Selling at Amer Sports

In other Amer Sports news, CEO Stuart Haselden sold 215,275 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $35.57, for a total transaction of $7,657,331.75. Following the completion of the sale, the chief executive officer directly owned 215,275 shares of the company’s stock, valued at $7,657,331.75. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew E. Page sold 105,230 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total value of $3,867,202.50. Following the sale, the chief financial officer owned 4,083 shares of the company’s stock, valued at $150,050.25. This trade represents a 96.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 851,685 shares of company stock valued at $29,856,753 over the last ninety days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new position in Amer Sports in the 4th quarter valued at about $27,000. EverSource Wealth Advisors LLC increased its position in shares of Amer Sports by 84.3% during the first 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. lifted its stake in shares of Amer Sports by 1,030.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock worth $30,000 after acquiring an additional 742 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted 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 worth $29,000 after acquiring an additional 703 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in 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 purchasing an additional 848 shares during the last quarter. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AS shares. Truist Financial raised their target price 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. Weiss Ratings raised shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Robert W. Baird set a $51.00 price target on shares of Amer Sports in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Amer Sports in a research note on Wednesday, May 20th. Finally, UBS Group lifted their price objective on Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $48.70.

Amer Sports Trading Up 0.4%

AS stock traded up $0.15 on Thursday, hitting $34.03. 392,241 shares of the company were exchanged, compared to its average volume of 4,439,569. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.82. The stock has a market capitalization of $18.84 billion, a price-to-earnings ratio of 42.53, a price-to-earnings-growth ratio of 1.18 and a beta of 2.07. Amer Sports has a twelve month low of $28.92 and a twelve month high of $42.76. The business’s fifty day moving average is $34.91 and its two-hundred day moving average is $35.91.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.31 by $0.07. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates 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 was up 32.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 earnings per share. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. As a group, research analysts forecast that Amer Sports will post 1.22 earnings per share for the current year.

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).