Amer Sports Target of Unusually High Options Trading (NYSE:AS)

Amer Sports, Inc. (NYSE:AS) saw some unusual options trading activity on Friday. Stock investors bought 5,009 put options on the stock. This represents an increase of 23% compared to the typical daily volume of 4,057 put options.

Insider Activity

In related news, CEO Jie (James) Zheng sold 500,000 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $34.42, for a total value of $17,210,000.00. Following the sale, the chief executive officer directly owned 1,262,385 shares of the company’s stock, valued at $43,451,291.70. This represents a 28.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Wen-Chang (Victor) Chen sold 13,075 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $35.62, for a total transaction of $465,731.50. Following the completion of the sale, the insider directly owned 149,821 shares of the company’s stock, valued at approximately $5,336,624.02. The trade was a 8.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 860,705 shares of company stock valued at $30,156,939.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. 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. Kestra Advisory Services LLC purchased a new stake in shares of Amer Sports in the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Amer Sports by 484.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock valued at $29,000 after purchasing an additional 703 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Amer Sports by 1,030.6% during the fourth 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. Finally, PNC Financial Services Group Inc. increased its holdings in Amer Sports by 241.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock valued at $42,000 after buying an additional 848 shares during the period. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Amer Sports Stock Down 0.4%

NYSE AS traded down $0.12 on Friday, reaching $34.00. 1,674,891 shares of the stock traded hands, compared to its average volume of 4,482,970. Amer Sports has a 12 month low of $28.92 and a 12 month high of $42.76. The company has a market cap of $18.83 billion, a price-to-earnings ratio of 42.50, a PEG ratio of 1.22 and a beta of 2.05. The company has a fifty day moving average price of $35.25 and a 200-day moving average price of $36.18. 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 results on Tuesday, May 19th. The company reported $0.38 earnings per share (EPS) 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 the consensus estimate of $1.84 billion. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The business’s revenue was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 EPS. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. As a group, research analysts forecast that Amer Sports will post 1.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AS has been the subject of a number of research analyst reports. UBS Group raised their price target on Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Weiss Ratings upgraded Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, April 27th. Truist Financial boosted their target price on shares of Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Robert W. Baird set a $51.00 price target on shares of Amer Sports in a report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft set a $52.00 price target on shares of Amer Sports in a research note on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Amer Sports has a consensus rating of “Buy” and an average price target of $48.70.

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).