Amer Sports (NYSE:AS) CFO Sells 2,022 Shares of Stock

Amer Sports, Inc. (NYSE:AS) CFO Andrew Page sold 2,022 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $28.63, for a total transaction of $57,889.86. Following the completion of the sale, the chief financial officer directly owned 6,575 shares in the company, valued at approximately $188,242.25. This trade represents a 23.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Amer Sports Stock Performance

AS stock traded down $0.81 during trading on Wednesday, reaching $28.65. 8,970,012 shares of the company’s stock were exchanged, compared to its average volume of 7,601,293. Amer Sports, Inc. has a 1-year low of $28.54 and a 1-year high of $42.76. The firm has a market cap of $15.87 billion, a PE ratio of 23.76, a P/E/G ratio of 0.94 and a beta of 1.99. The company’s fifty day moving average price is $34.00 and its 200-day moving average price is $34.85. The company has a quick ratio of 0.80, a current ratio of 1.76 and a debt-to-equity ratio of 0.11.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Tuesday, August 18th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.11. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Amer Sports had a net margin of 7.35% and a return on equity of 11.18%. The business’s revenue was up 32.1% on a year-over-year basis. During the same period last year, the firm posted $0.03 earnings per share. Amer Sports has set its FY 2026 guidance at 1.270-1.300 EPS and its Q3 2026 guidance at 0.310-0.330 EPS. On average, research analysts expect that Amer Sports, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on AS. Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a report on Wednesday, August 19th. JPMorgan Chase & Co. boosted their target price 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. Robert W. Baird set a $51.00 target price on Amer Sports in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Amer Sports in a report on Wednesday, August 19th. Finally, UBS Group reissued a “buy” rating on shares of Amer Sports in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Amer Sports has a consensus rating of “Moderate Buy” and a consensus target price of $49.14.

Institutional Investors Weigh In On Amer Sports

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AS. California State Teachers Retirement System grew its holdings in shares of Amer Sports by 970.7% during the 2nd quarter. California State Teachers Retirement System now owns 87,713 shares of the company’s stock valued at $2,968,000 after acquiring an additional 79,521 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in Amer Sports by 14.9% during the second quarter. TD Waterhouse Canada Inc. now owns 3,329 shares of the company’s stock valued at $114,000 after buying an additional 432 shares in the last quarter. AXQ Capital LP lifted its position in shares of Amer Sports by 39.4% in the second quarter. AXQ Capital LP now owns 21,156 shares of the company’s stock worth $716,000 after buying an additional 5,979 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Amer Sports during the 2nd quarter worth about $1,780,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Amer Sports during the 2nd quarter valued at about $14,459,000. Hedge funds and other institutional investors 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).