Wen-Chang (Victor) Chen Sells 13,075 Shares of Amer Sports (NYSE:AS) Stock

Amer Sports, Inc. (NYSE:AS) insider Wen-Chang (Victor) Chen sold 13,075 shares of Amer Sports stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $35.62, for a total transaction of $465,731.50. Following the sale, the insider owned 149,821 shares of the company’s stock, valued at approximately $5,336,624.02. This represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Amer Sports Price Performance

Shares of AS opened at $35.36 on Wednesday. Amer Sports, Inc. has a 1-year low of $28.92 and a 1-year high of $42.76. The stock has a market cap of $19.58 billion, a PE ratio of 44.20, a P/E/G ratio of 1.24 and a beta of 2.05. The firm has a 50-day simple moving average of $34.64 and a two-hundred day simple moving average of $36.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.82.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the business earned $0.27 earnings per share. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. As a group, analysts forecast that Amer Sports, Inc. will post 1.22 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Aspex Management HK Ltd lifted its stake in Amer Sports by 27.9% in the fourth quarter. Aspex Management HK Ltd now owns 7,593,627 shares of the company’s stock worth $283,622,000 after acquiring an additional 1,658,536 shares during the last quarter. Viking Global Investors LP lifted its stake in Amer Sports by 63.5% in the third 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 during the last quarter. Artisan Partners Limited Partnership lifted its stake in Amer Sports by 1,306.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock worth $194,759,000 after acquiring an additional 4,843,742 shares during the last quarter. Avala Global LP lifted its stake in Amer Sports by 38.8% in the fourth quarter. Avala Global LP now owns 4,637,149 shares of the company’s stock worth $173,198,000 after acquiring an additional 1,297,200 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Amer Sports by 57.5% in the third quarter. BNP Paribas Financial Markets now owns 3,991,563 shares of the company’s stock worth $138,707,000 after acquiring an additional 1,457,951 shares during the last quarter. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Amer Sports in a research note on Wednesday, May 20th. UBS Group raised their price objective on shares of Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Evercore raised their price objective on shares of Amer Sports from $50.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Robert W. Baird set a $51.00 price objective on shares of Amer Sports in a research note on Wednesday, May 20th. Finally, Piper Sandler reissued an “overweight” rating on shares of Amer Sports in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $48.19.

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).