Amer Sports (NYSE:AS) Hits New 12-Month Low – Here’s What Happened

Amer Sports, Inc. (NYSE:AS)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $28.00 and last traded at $28.0270, with a volume of 2481339 shares trading hands. The stock had previously closed at $28.69.

Analyst Ratings Changes

Several equities research analysts have recently commented on AS shares. UBS Group set a $42.00 target price on shares of Amer Sports in a research note on Thursday. BTIG Research assumed coverage on shares of Amer Sports in a report on Thursday. They set a “buy” rating and a $42.00 price objective for the company. BMO Capital Markets assumed coverage on Amer Sports in a report on Tuesday. They issued an “outperform” rating and a $38.00 target price on the stock. JPMorgan Chase & Co. lifted their price objective on Amer Sports from $59.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Amer Sports in a report on Wednesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Amer Sports presently has an average rating of “Moderate Buy” and a consensus target price of $45.92.

Amer Sports Stock Down 1.5%

The firm’s 50-day simple moving average is $33.34 and its 200 day simple moving average is $34.34. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.80 and a current ratio of 1.76. The company has a market cap of $15.15 billion, a P/E ratio of 28.80, a PEG ratio of 0.89 and a beta of 1.99.

Amer Sports (NYSE:AS) last posted its earnings results on Tuesday, August 18th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.11. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. Amer Sports had a return on equity of 11.18% and a net margin of 7.35%.The company’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 EPS. 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 forecast that Amer Sports, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Transactions at Amer Sports

In related news, CFO Andrew Page sold 2,022 shares of the business’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 transaction of $57,889.86. Following the completion of the transaction, the chief financial officer owned 6,575 shares in the company, valued at approximately $188,242.25. The trade was a 23.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Institutional Investors Weigh In On Amer Sports

Hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new stake in shares of Amer Sports in the 4th quarter valued at $27,000. EverSource Wealth Advisors LLC lifted its holdings in 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 acquiring an additional 348 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Amer Sports by 1,030.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock valued at $30,000 after acquiring an additional 742 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in Amer Sports by 484.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock valued at $29,000 after acquiring an additional 703 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Amer Sports by 241.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock worth $42,000 after acquiring an additional 848 shares in the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

About Amer Sports

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.