BMO Capital Markets Upgrades Amer Sports (NYSE:AS) to “Strong-Buy”

Amer Sports (NYSE:AS) was upgraded by equities research analysts at BMO Capital Markets to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Other analysts also recently issued reports about the company. UBS Group set a $42.00 price objective on Amer Sports in a research note on Thursday. Robert W. Baird set a $51.00 target price on Amer Sports in a research note on Wednesday, May 20th. BTIG Research started coverage on Amer Sports in a report on Thursday. They issued a “buy” rating and a $42.00 target price on the stock. Morgan Stanley started coverage on Amer Sports in a research note on Thursday. They set an “equal weight” rating and a $31.00 price target for the company. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Amer Sports in a report on Wednesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $45.92.

Amer Sports Trading Down 1.5%

NYSE AS opened at $27.36 on Tuesday. The firm’s fifty day moving average is $33.34 and its two-hundred day moving average is $34.34. Amer Sports has a one year low of $27.21 and a one year high of $42.76. 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 firm has a market cap of $15.15 billion, a PE ratio of 28.80, a P/E/G ratio of 0.89 and a beta of 1.99.

Amer Sports (NYSE:AS) last announced its earnings results 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. Amer Sports had a net margin of 7.35% and a return on equity of 11.18%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the firm earned $0.03 earnings per share. The business’s quarterly revenue 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. Analysts expect that Amer Sports will post 1.29 earnings per share for the current year.

Insider Transactions at Amer Sports

In other news, CFO Andrew Page sold 2,022 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $28.63, for a total value of $57,889.86. Following the completion of the transaction, the chief financial officer owned 6,575 shares in the company, valued at $188,242.25. This trade represents a 23.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through 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 institutional investors have recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership grew 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 during the period. Scopus Asset Management L.P. acquired a new stake in shares of Amer Sports during the 2nd quarter valued at approximately $108,562,000. Junto Capital Management LP boosted its stake in shares of Amer Sports by 583.8% during the 2nd quarter. Junto Capital Management LP now owns 3,099,673 shares of the company’s stock worth $104,893,000 after acquiring an additional 2,646,364 shares in the last quarter. Viking Global Investors LP boosted its stake in shares of Amer Sports by 63.5% during the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock worth $220,436,000 after acquiring an additional 2,462,832 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Amer Sports during the 2nd quarter worth approximately $87,287,000. Hedge funds and other institutional investors own 40.25% of the company’s stock.

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.