Insider Selling: Amer Sports (NYSE:AS) Insider Sells 117,461 Shares

Amer Sports, Inc. (NYSE:AS) insider Wen-Chang Chen sold 117,461 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $26.60, for a total transaction of $3,124,462.60. Following the completion of the sale, the insider owned 434,855 shares of the company’s stock, valued at approximately $11,567,143. This trade represents a 21.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Amer Sports Price Performance

Shares of NYSE:AS opened at $27.19 on Thursday. Amer Sports, Inc. has a one year low of $26.54 and a one year high of $42.76. The stock has a market capitalization of $15.06 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 0.86 and a beta of 1.99. The company has a 50-day simple moving average of $32.77 and a 200-day simple moving average of $34.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.80 and a current ratio of 1.76.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Monday, August 17th. 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 in the prior year, the business earned $0.03 EPS. The firm’s revenue was up 32.1% compared to the same quarter last year. On average, analysts predict that Amer Sports, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. BTIG Research began coverage on Amer Sports in a report on Thursday, September 10th. They issued a “buy” rating and a $42.00 price target for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Amer Sports in a report on Wednesday, August 19th. JPMorgan Chase & Co. upped 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 lifted their price target on shares of Amer Sports from $49.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Finally, Weiss Ratings lowered Amer Sports from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.92.

Institutional Trading of Amer Sports

Several large investors have recently modified their holdings of AS. Aspex Management HK Ltd increased its stake in shares of Amer Sports by 27.9% during the 4th quarter. Aspex Management HK Ltd now owns 7,593,627 shares of the company’s stock worth $283,622,000 after purchasing an additional 1,658,536 shares in the last quarter. Artisan Partners Limited Partnership increased its position in Amer Sports by 1,306.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock worth $194,759,000 after buying an additional 4,843,742 shares in the last quarter. Avala Global LP raised its holdings in shares of Amer Sports by 38.8% in the fourth quarter. Avala Global LP now owns 4,637,149 shares of the company’s stock worth $173,198,000 after acquiring an additional 1,297,200 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of Amer Sports by 5.4% in the fourth quarter. Brown Advisory Inc. now owns 3,372,726 shares of the company’s stock valued at $125,971,000 after acquiring an additional 172,518 shares in the last quarter. Finally, Temasek Holdings Private Ltd lifted its position in shares of Amer Sports by 42.1% in the first quarter. Temasek Holdings Private Ltd now owns 3,665,157 shares of the company’s stock valued at $120,657,000 after acquiring an additional 1,086,616 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.