Amer Sports (NYSE:AS) Shares Down 4.6% – Here’s Why

Amer Sports, Inc. (NYSE:AS)’s share price fell 4.6% during trading on Tuesday . The stock traded as low as $34.61 and last traded at $34.4930. Approximately 427,743 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 4,370,182 shares. The stock had previously closed at $36.17.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AS shares. Robert W. Baird set a $51.00 price objective on Amer Sports in a research report on Wednesday, May 20th. Truist Financial increased their target price on shares of Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Piper Sandler reiterated an “overweight” rating and set a $45.00 price target on shares of Amer Sports in a research report on Monday, July 27th. JPMorgan Chase & Co. boosted their price target on shares of Amer Sports from $59.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Amer Sports in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $49.70.

Amer Sports Price Performance

The company’s 50-day simple moving average is $35.06 and its 200 day simple moving average is $35.49. The company has a market cap of $18.35 billion, a PE ratio of 41.41, a PEG ratio of 1.18 and a beta of 2.05. 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 (NYSE:AS) last posted its quarterly earnings data on Tuesday, May 19th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. The business had revenue of $1.95 billion for 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 company’s revenue 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, sell-side analysts predict that Amer Sports, Inc. will post 1.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Andrew E. Page sold 105,230 shares of Amer Sports stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 4,083 shares in the company, valued at approximately $150,050.25. This trade represents a 96.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Stuart Haselden sold 215,275 shares of Amer Sports stock in a transaction dated 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 completion of the transaction, 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 position. The SEC filing for this sale provides additional information. Insiders have sold 833,580 shares of company stock worth $29,200,266 in the last quarter.

Institutional Trading of Amer Sports

Several hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new position in Amer Sports during the 4th quarter worth approximately $27,000. EverSource Wealth Advisors LLC raised 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 purchasing an additional 348 shares in the last quarter. Rockefeller Capital Management L.P. raised 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 purchasing an additional 742 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 purchasing an additional 703 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of 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).