Amer Sports (NYSE:AS) Price Target Raised to $64.00

Amer Sports (NYSE:AS) had its price objective hoisted by JPMorgan Chase & Co. from $59.00 to $64.00 in a research report released on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other equities research analysts have also recently commented on AS. Truist Financial raised their target price on shares of Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Robert W. Baird set a $51.00 price target on shares of Amer Sports in a research report on Wednesday, May 20th. Piper Sandler reissued an “overweight” rating and issued a $45.00 price target on shares of Amer Sports in a research note on Monday, July 27th. UBS Group raised their price objective on shares of Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft set a $52.00 price objective on Amer Sports in a research report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $49.70.

Amer Sports Price Performance

AS opened at $36.27 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 1.66. Amer Sports has a 52-week low of $28.92 and a 52-week high of $42.76. The stock has a market capitalization of $20.09 billion, a PE ratio of 45.33, a price-to-earnings-growth ratio of 1.28 and a beta of 2.05. The stock’s 50 day moving average price is $35.08 and its 200-day moving average price is $35.53.

Amer Sports (NYSE:AS) last announced its earnings results on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. The company had revenue of $1.95 billion during 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 firm’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. On average, equities research analysts predict that Amer Sports will post 1.22 EPS for the current year.

Insider Buying and Selling at Amer Sports

In related news, CEO Stuart Haselden sold 215,275 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $35.57, for a total transaction of $7,657,331.75. Following the sale, the chief executive officer owned 215,275 shares of the company’s stock, valued at $7,657,331.75. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Wen-Chang (Victor) Chen sold 13,075 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $35.62, for a total transaction of $465,731.50. Following the completion of the sale, the insider owned 149,821 shares in the company, valued at approximately $5,336,624.02. This trade represents a 8.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 833,580 shares of company stock valued at $29,200,266 in the last quarter.

Institutional Trading of Amer Sports

Hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its stake in shares of Amer Sports by 84.3% in 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 period. Federation des caisses Desjardins du Quebec raised its holdings in shares of Amer Sports by 10.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,466 shares of the company’s stock valued at $167,000 after purchasing an additional 405 shares during the last quarter. GAMMA Investing LLC lifted its position in Amer Sports by 10.6% during the second quarter. GAMMA Investing LLC now owns 4,223 shares of the company’s stock valued at $143,000 after purchasing an additional 405 shares during the period. Choreo LLC lifted its position in Amer Sports by 4.9% during the fourth quarter. Choreo LLC now owns 9,387 shares of the company’s stock valued at $354,000 after purchasing an additional 437 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in Amer Sports by 1.1% in the third quarter. Mackenzie Financial Corp now owns 48,745 shares of the company’s stock worth $1,694,000 after purchasing an additional 540 shares during the last quarter. 40.25% of the stock is owned by institutional investors.

About Amer Sports

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).