Amer Sports (NYSE:AS) CEO Stuart Haselden Sells 215,275 Shares of Stock

Amer Sports, Inc. (NYSE:AS) CEO Stuart Haselden sold 215,275 shares of the stock in a transaction 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 transaction, the chief executive officer owned 215,275 shares in the company, valued at $7,657,331.75. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Stuart Haselden also recently made the following trade(s):

• On Thursday, April 16th, Stuart Haselden sold 11,438 shares of Amer Sports stock. The stock was sold at an average price of $36.26, for a total value of $414,741.88.
• On Thursday, April 2nd, Stuart Haselden sold 6,511 shares of Amer Sports stock. The stock was sold at an average price of $33.28, for a total value of $216,686.08.

Amer Sports Stock Down 1.3%

AS stock opened at $35.36 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.82. The stock has a market capitalization of $19.58 billion, a price-to-earnings ratio of 44.20, a PEG ratio of 1.24 and a beta of 2.05. The business’s fifty day moving average price is $34.64 and its two-hundred day moving average price is $36.13. Amer Sports, Inc. has a fifty-two week low of $28.92 and a fifty-two week high of $42.76.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Tuesday, May 19th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.07. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The company’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 EPS. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. On average, equities analysts anticipate that Amer Sports, Inc. will post 1.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AS. Weiss Ratings raised Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Truist Financial increased their target price on Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft set a $52.00 target price on Amer Sports in a report on Wednesday, May 20th. Evercore increased their target price on Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Finally, UBS Group increased their target price on Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Amer Sports presently has an average rating of “Buy” and a consensus target price of $48.19.

Institutional Trading of Amer Sports

Large investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new stake in Amer Sports in the fourth quarter valued at about $27,000. EverSource Wealth Advisors LLC boosted its stake in Amer Sports by 84.3% in the first quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock valued at $25,000 after buying an additional 348 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Amer Sports by 1,030.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock valued at $30,000 after buying an additional 742 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake 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 buying an additional 703 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake 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 buying an additional 848 shares in the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

About Amer Sports

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).