Amer Sports (NYSE:AS) Upgraded to “Strong-Buy” at BMO Capital Markets

BMO Capital Markets upgraded shares of Amer Sports (NYSE:AS) to a strong-buy rating in a research note published on Tuesday morning,Zacks reports.

Other equities research analysts also recently issued research reports about the stock. Truist Financial cut their price objective on shares of Amer Sports from $50.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, August 19th. Weiss Ratings cut Amer Sports from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 19th. Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a research report on Wednesday, August 19th. Morgan Stanley began coverage on Amer Sports in a report on Thursday. They set an “equal weight” rating and a $31.00 price target for the company. Finally, BTIG Research began coverage on Amer Sports in a research report on Thursday. They issued a “buy” rating and a $42.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.92.

Amer Sports Stock Performance

AS opened at $27.36 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 0.80 and a debt-to-equity ratio of 0.11. The company has a market cap of $15.15 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 0.89 and a beta of 1.99. The company’s 50 day moving average is $33.34 and its 200 day moving average is $34.34. Amer Sports has a 12-month low of $27.21 and a 12-month high of $42.76.

Amer Sports (NYSE:AS) last announced its earnings results 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. Amer Sports had a net margin of 7.35% and a return on equity of 11.18%. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the business posted $0.03 earnings per share. The firm’s quarterly revenue was up 32.1% compared to the same quarter last year. 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, equities research analysts predict that Amer Sports will post 1.29 EPS for the current year.

Insider Buying and Selling at Amer Sports

In other Amer Sports news, CFO Andrew Page sold 2,022 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $28.63, for a total value of $57,889.86. Following the completion of the transaction, the chief financial officer directly owned 6,575 shares in the company, valued at $188,242.25. This represents a 23.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Institutional Trading of Amer Sports

Several institutional investors and hedge funds have recently modified their holdings of AS. Junto Capital Management LP lifted its stake in shares of Amer Sports by 583.8% during the 2nd quarter. Junto Capital Management LP now owns 3,099,673 shares of the company’s stock valued at $104,893,000 after buying an additional 2,646,364 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Amer Sports by 25.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 62,581 shares of the company’s stock worth $2,118,000 after buying an additional 12,833 shares in the last quarter. Tidal Investments LLC raised its holdings in Amer Sports by 45.9% during the second quarter. Tidal Investments LLC now owns 12,369 shares of the company’s stock valued at $419,000 after acquiring an additional 3,890 shares during the period. C WorldWide Group Holding A S raised its holdings in Amer Sports by 41.0% during the second quarter. C WorldWide Group Holding A S now owns 296,653 shares of the company’s stock valued at $10,039,000 after acquiring an additional 86,327 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Amer Sports in the second quarter valued at about $99,000. 40.25% of the stock is currently owned by institutional investors.

Amer Sports Company Profile

Amer Sports, Inc (NYSE: AS) is a global sporting goods company that designs, manufactures and markets equipment, apparel, footwear and accessories for outdoor, action sports and team sports. Its products are sold through wholesale partners, company-operated stores and digital channels across North America, Europe, Asia and other international markets.

The company’s brand portfolio includes Arc’teryx, which focuses on premium outdoor apparel and equipment; Salomon, known for mountain sports footwear and equipment; Wilson, which serves tennis, pickleball, baseball, basketball and other team sports; Atomic, which specializes in skiing products; and Peak Performance and Armada, which offer outdoor and winter sports apparel and equipment.

Amer Sports traces its origins to 1950 in Finland, where it was established as Amer-Yhtymä before developing into a diversified sporting goods group.