Amer Sports, Inc. $AS Shares Bought by Armistice Capital LLC

Armistice Capital LLC raised its position in Amer Sports, Inc. (NYSE:AS) by 11.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 185,207 shares of the company’s stock after purchasing an additional 18,605 shares during the period. Armistice Capital LLC’s holdings in Amer Sports were worth $6,917,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AS. Kestra Advisory Services LLC acquired a new stake in Amer Sports in the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd grew its holdings 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 purchasing an additional 703 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Amer Sports by 241.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock valued at $42,000 after purchasing an additional 848 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Amer Sports by 174.3% in the second quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock valued at $63,000 after purchasing an additional 1,011 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in Amer Sports by 5,600.0% in the fourth quarter. Global Retirement Partners LLC now owns 1,824 shares of the company’s stock valued at $68,000 after purchasing an additional 1,792 shares during the last quarter. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Stock Down 1.4%

AS opened at $35.09 on Thursday. The company has a quick ratio of 0.82, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The firm has a market cap of $19.43 billion, a P/E ratio of 43.86, a PEG ratio of 1.24 and a beta of 2.05. Amer Sports, Inc. has a 52 week low of $28.92 and a 52 week high of $42.76. The business’s fifty day simple moving average is $35.18 and its 200 day simple moving average is $36.22.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates 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 for the quarter was up 32.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. As a group, equities research analysts anticipate that Amer Sports, Inc. will post 1.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Wen-Chang (Victor) Chen sold 13,075 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $35.62, for a total transaction of $465,731.50. Following the sale, the insider owned 149,821 shares of the company’s stock, valued at $5,336,624.02. This trade represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew E. Page sold 105,230 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total value of $3,867,202.50. Following the completion of the sale, the chief financial officer directly owned 4,083 shares in the company, valued at approximately $150,050.25. The trade was a 96.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 860,705 shares of company stock worth $30,156,939 in the last ninety days.

Analysts Set New Price Targets

Several analysts have weighed in on AS shares. Weiss Ratings raised Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Evercore upped their target price on Amer Sports from $50.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Truist Financial increased their price objective on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on Amer Sports in a research note on Wednesday, May 20th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Amer Sports in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Amer Sports currently has an average rating of “Buy” and a consensus target price of $48.19.

Amer Sports 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).