Amer Sports (NYSE:AS) Hits New 1-Year Low on Insider Selling

Amer Sports, Inc. (NYSE:AS) reached a new 52-week low during mid-day trading on Wednesday following insider selling activity. The company traded as low as $28.80 and last traded at $28.8460, with a volume of 3304299 shares. The stock had previously closed at $29.46.

Specifically, CFO Andrew Page sold 2,022 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $28.63, for a total value of $57,889.86. Following the sale, the chief financial officer directly owned 6,575 shares of the company’s stock, valued at approximately $188,242.25. The trade was a 23.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. 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 note on Tuesday, August 4th. UBS Group restated a “buy” rating on shares of Amer Sports in a report on Wednesday, August 19th. Barclays upped their price objective on Amer Sports from $49.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Truist Financial decreased their price objective on Amer Sports from $50.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, August 19th. Finally, Robert W. Baird set a $51.00 price objective on Amer Sports in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $49.14.

Amer Sports Stock Down 0.5%

The firm’s 50-day simple moving average is $33.89 and its 200 day simple moving average is $34.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.80 and a current ratio of 1.76. The stock has a market capitalization of $15.75 billion, a P/E ratio of 29.93, a PEG ratio of 0.92 and a beta of 1.99.

Amer Sports (NYSE:AS) last announced its quarterly earnings data on Tuesday, August 18th. The company reported $0.22 earnings per share 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 company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the company earned $0.03 EPS. Amer Sports’s revenue for the quarter was up 32.1% compared to the same quarter last year. Amer Sports has set its FY 2026 guidance at 1.270-1.300 EPS and its Q3 2026 guidance at 0.310-0.330 EPS. As a group, research analysts expect that Amer Sports, Inc. will post 1.29 EPS for the current year.

Hedge Funds Weigh In On Amer Sports

Several hedge funds and other institutional investors have recently made changes to their positions in AS. California State Teachers Retirement System raised its position in Amer Sports by 970.7% during the second quarter. California State Teachers Retirement System now owns 87,713 shares of the company’s stock worth $2,968,000 after acquiring an additional 79,521 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in Amer Sports by 14.9% in the second quarter. TD Waterhouse Canada Inc. now owns 3,329 shares of the company’s stock valued at $114,000 after acquiring an additional 432 shares during the last quarter. AXQ Capital LP grew its position in shares of Amer Sports by 39.4% in the 2nd quarter. AXQ Capital LP now owns 21,156 shares of the company’s stock valued at $716,000 after acquiring an additional 5,979 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Amer Sports in the 2nd quarter valued at about $1,780,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Amer Sports during the 2nd quarter worth about $14,459,000. 40.25% of the stock is owned by institutional investors.

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).