Amer Sports (NYSE:AS) Research Coverage Started at BTIG Research

BTIG Research began coverage on shares of Amer Sports (NYSE:AS) in a research note released on Thursday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $42.00 target price on the stock.

A number of other equities analysts have also commented on the stock. Barclays increased their price target on shares of Amer Sports from $49.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Piper Sandler reissued an “overweight” rating on shares of Amer Sports in a research note on Wednesday, August 19th. Robert W. Baird set a $51.00 price target on Amer Sports in a research report on Wednesday, May 20th. Weiss Ratings lowered Amer Sports from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Amer Sports in a report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $45.92.

Amer Sports Stock Performance

Shares of AS opened at $28.03 on Thursday. Amer Sports has a 12-month low of $27.21 and a 12-month high of $42.76. The company has a current ratio of 1.76, a quick ratio of 0.80 and a debt-to-equity ratio of 0.11. The company has a market cap of $15.52 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 0.90 and a beta of 1.99. The stock has a 50-day moving average price of $33.20 and a 200-day moving average price of $34.29.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Tuesday, August 18th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.11. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Amer Sports had a net margin of 7.35% and a return on equity of 11.18%. Amer Sports’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.03 earnings per share. 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, equities analysts forecast that Amer Sports will post 1.29 earnings per share for the current fiscal year.

Insider Transactions at Amer Sports

In other Amer Sports news, CFO Andrew Page sold 2,022 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $28.63, for a total transaction of $57,889.86. Following the completion of the sale, the chief financial officer directly owned 6,575 shares in the company, valued at $188,242.25. This represents a 23.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Institutional Trading of Amer Sports

A number of hedge funds have recently made changes to their positions in AS. EverSource Wealth Advisors LLC raised its stake in Amer Sports by 84.3% during 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 during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Amer Sports during the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Amer Sports by 484.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock valued at $29,000 after acquiring an additional 703 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Amer Sports by 1,030.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock worth $30,000 after purchasing an additional 742 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Amer Sports by 241.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock worth $42,000 after purchasing an additional 848 shares during the last quarter. 40.25% of the stock is owned by institutional investors.

Amer Sports Company Profile

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.