Amer Sports (NYSE:AS) Given New $64.00 Price Target at JPMorgan Chase & Co.

Amer Sports (NYSE:AS) had its price objective lifted by JPMorgan Chase & Co. from $59.00 to $64.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 76.52% from the stock’s previous close.

Several other brokerages have also issued reports on AS. Weiss Ratings reissued a “hold (c+)” rating on shares of Amer Sports in a research note on Friday, July 24th. Robert W. Baird set a $51.00 price target on shares of Amer Sports in a research note on Wednesday, May 20th. UBS Group upped their price objective on shares of Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Amer Sports in a research report on Wednesday, May 20th. Finally, Piper Sandler restated an “overweight” rating and issued a $45.00 target price on shares of Amer Sports in a research note on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $49.70.

Amer Sports Price Performance

Amer Sports stock opened at $36.26 on Tuesday. The stock has a market capitalization of $20.08 billion, a price-to-earnings ratio of 45.32, a PEG ratio of 1.24 and a beta of 2.05. Amer Sports has a 52-week low of $28.92 and a 52-week high of $42.76. The stock’s 50 day moving average price is $35.09 and its two-hundred day moving average price is $35.54. 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 announced its quarterly earnings data on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.31 by $0.07. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.84 billion. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The company’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 EPS. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. On average, equities analysts predict that Amer Sports will post 1.22 earnings per share for the current year.

Insider Buying and Selling at Amer Sports

In other Amer Sports news, CEO Jie (James) Zheng sold 500,000 shares of Amer Sports stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $34.42, for a total transaction of $17,210,000.00. Following the completion of the transaction, the chief executive officer owned 1,262,385 shares in the company, valued at approximately $43,451,291.70. The trade was a 28.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stuart Haselden sold 215,275 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $35.57, for a total value of $7,657,331.75. Following the sale, the chief executive officer directly owned 215,275 shares of the company’s stock, valued at $7,657,331.75. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 833,580 shares of company stock worth $29,200,266 in the last quarter.

Institutional Investors Weigh In On Amer Sports

Several institutional investors have recently bought and sold shares of AS. Massachusetts Financial Services Co. MA raised its stake in shares of Amer Sports by 130.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,015,491 shares of the company’s stock worth $112,629,000 after purchasing an additional 1,705,944 shares during the period. Wakefield Asset Management LLLP bought a new position in Amer Sports during the fourth quarter valued at about $3,927,000. Ogborne Capital Management LLC bought a new position in Amer Sports during the fourth quarter valued at about $22,257,000. Norges Bank purchased a new stake in Amer Sports during the fourth quarter worth about $70,055,000. Finally, Legal & General Group Plc increased its holdings in Amer Sports by 670.1% during the fourth quarter. Legal & General Group Plc now owns 118,455 shares of the company’s stock worth $4,424,000 after buying an additional 103,074 shares during the last quarter. 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).