Brokerages Set Amer Sports, Inc. (NYSE:AS) Target Price at $49.14

Amer Sports, Inc. (NYSE:AS) has been given an average rating of “Moderate Buy” by the seventeen ratings firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $45.92.

Several research analysts have recently issued reports on the company. Morgan Stanley started coverage on Amer Sports in a research note on Thursday. They issued an “equal weight” rating and a $31.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of Amer Sports from $59.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Barclays boosted their target price on shares of Amer Sports from $49.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Weiss Ratings cut shares of Amer Sports from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 19th. Finally, Robert W. Baird set a $51.00 price target on shares of Amer Sports in a research note on Wednesday, May 20th.

Insider Buying and Selling at Amer Sports

In related news, CFO Andrew Page sold 2,022 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $28.63, for a total value of $57,889.86. Following the completion of the sale, 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 at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Institutional Investors Weigh In On Amer Sports

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC bought a new position in shares of Amer Sports during the first quarter worth about $565,000. Goldman Sachs Group Inc. boosted its holdings in Amer Sports by 44.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company’s stock valued at $31,372,000 after acquiring an additional 358,536 shares during the last quarter. Legal & General Group Plc boosted its holdings in Amer Sports by 103.2% in the second quarter. Legal & General Group Plc now owns 16,404 shares of the company’s stock valued at $636,000 after acquiring an additional 8,330 shares during the last quarter. American Century Companies Inc. acquired a new stake in Amer Sports during the 2nd quarter valued at approximately $472,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Amer Sports by 276.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,364 shares of the company’s stock valued at $130,000 after purchasing an additional 2,470 shares during the period. Institutional investors own 40.25% of the company’s stock.

Amer Sports Trading Up 2.3%

Shares of AS stock opened at $28.03 on Tuesday. Amer Sports has a twelve month low of $27.21 and a twelve month high of $42.76. The stock’s fifty day simple moving average is $33.20 and its 200 day simple moving average is $34.29. The company has a quick ratio of 0.80, a current ratio of 1.76 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $15.52 billion, a P/E ratio of 29.50, a P/E/G ratio of 0.90 and a beta of 1.99.

Amer Sports (NYSE:AS) last posted its earnings results on Tuesday, August 18th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.11 by $0.11. Amer Sports had a return on equity of 11.18% and a net margin of 7.35%.The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the company earned $0.03 earnings per share. The business’s quarterly revenue was up 32.1% on a year-over-year basis. 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. As a group, sell-side analysts predict that Amer Sports will post 1.29 EPS for the current fiscal year.

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.