Insider Selling: Amer Sports (NYSE:AS) CFO Sells $57,889.86 in Stock

Amer Sports, Inc. (NYSE:AS) CFO Andrew Page sold 2,022 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 6,575 shares in the company, valued at approximately $188,242.25. The trade was a 23.52% decrease in their position. The transaction was disclosed in a filing 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.

Amer Sports Price Performance

Shares of NYSE:AS traded down $0.81 on Wednesday, hitting $28.65. The company had a trading volume of 8,970,012 shares, compared to its average volume of 7,601,293. 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 $15.87 billion, a PE ratio of 23.76, a PEG ratio of 0.94 and a beta of 1.99. Amer Sports, Inc. has a 52-week low of $28.54 and a 52-week high of $42.76. The business has a 50 day moving average of $34.00 and a 200 day moving average of $34.85.

Amer Sports (NYSE:AS) last announced its earnings results 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 net margin of 7.35% and a return on equity of 11.18%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the company posted $0.03 EPS. The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. 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 anticipate that Amer Sports, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AS. JPMorgan Chase & Co. lifted their price target on shares of Amer Sports from $59.00 to $64.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Truist Financial reduced their target price on Amer Sports from $50.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, August 19th. UBS Group restated a “buy” rating on shares of Amer Sports in a research note on Wednesday, August 19th. Robert W. Baird set a $51.00 price objective on Amer Sports in a report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Amer Sports in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Amer Sports has a consensus rating of “Moderate Buy” and an average target price of $49.14.

Institutional Trading of Amer Sports

Large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its position 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 worth $25,000 after buying an additional 348 shares during the period. Kestra Advisory Services LLC acquired a new position in Amer Sports during the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd boosted its holdings in Amer Sports by 484.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock worth $29,000 after acquiring an additional 703 shares during the period. Rockefeller Capital Management L.P. grew its position 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 acquiring an additional 742 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Amer Sports by 241.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock valued at $42,000 after purchasing an additional 848 shares in the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

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).