Insider Selling: Amer Sports (NYSE:AS) CFO Sells $3,867,202.50 in Stock

Amer Sports, Inc. (NYSE:AS) CFO Andrew Page sold 105,230 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total transaction of $3,867,202.50. Following the completion of the transaction, the chief financial officer directly owned 4,083 shares of the company’s stock, valued at approximately $150,050.25. This represents a 96.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Amer Sports Price Performance

AS opened at $35.55 on Friday. Amer Sports, Inc. has a one year low of $28.92 and a one year high of $42.76. 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 company’s 50 day simple moving average is $34.58 and its 200-day simple moving average is $36.05. The stock has a market capitalization of $19.69 billion, a P/E ratio of 44.44, a price-to-earnings-growth ratio of 1.25 and a beta of 2.16.

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 during the quarter, compared to analysts’ expectations of $1.84 billion. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. Amer Sports’s revenue was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 EPS. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. Sell-side analysts anticipate that Amer Sports, Inc. will post 1.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Truist Financial raised their price target on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. UBS Group lifted their price objective on shares of Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Robert W. Baird set a $51.00 price target on shares of Amer Sports in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 price target on shares of Amer Sports in a report on Wednesday, May 20th. Finally, Weiss Ratings upgraded Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Amer Sports has a consensus rating of “Buy” and a consensus target price of $48.19.

Institutional Investors Weigh In On Amer Sports

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new position in Amer Sports during the 4th quarter worth about $27,000. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 purchasing an additional 348 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Amer Sports by 1,030.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock worth $30,000 after buying an additional 742 shares during the period. Caitong International Asset Management Co. Ltd boosted its position 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 worth $29,000 after buying an additional 703 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Amer Sports by 241.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock worth $42,000 after buying an additional 848 shares in the last quarter. 40.25% of the stock is currently 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).