Amer Sports, Inc. (NYSE:AS) Receives $48.70 Consensus Target Price from Analysts

Shares of Amer Sports, Inc. (NYSE:AS) have been given an average recommendation of “Buy” by the sixteen brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $48.9846.

Several research firms have issued reports on AS. Robert W. Baird set a $51.00 price objective on shares of Amer Sports in a research note on Wednesday, May 20th. 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 research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft set a $52.00 target price on shares of Amer Sports in a report on Wednesday, May 20th. UBS Group upped their price target on shares of Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Finally, Weiss Ratings upgraded Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th.

Amer Sports Stock Performance

Amer Sports stock opened at $34.35 on Monday. The company has a market cap of $19.02 billion, a price-to-earnings ratio of 42.94, a price-to-earnings-growth ratio of 1.20 and a beta of 2.07. Amer Sports has a 12 month low of $28.92 and a 12 month high of $42.76. 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’s 50-day moving average is $34.91 and its 200-day moving average is $35.71.

Amer Sports (NYSE:AS) last issued its earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the business earned $0.27 EPS. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. Equities analysts anticipate that Amer Sports will post 1.22 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Jie (James) Zheng sold 500,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer owned 1,262,385 shares in the company, valued at approximately $43,451,291.70. This trade represents a 28.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew E. Page sold 105,230 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were 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 in the company, valued at approximately $150,050.25. The trade was a 96.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 833,580 shares of company stock worth $29,200,266.

Institutional Trading of Amer Sports

Several large investors have recently bought and sold shares of AS. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 348 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Amer Sports during the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd increased its stake 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 worth $29,000 after buying an additional 703 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of Amer Sports by 1,030.6% during 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 during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings 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 worth $42,000 after purchasing an additional 848 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).