Analysts Set Amer Sports, Inc. (NYSE:AS) Price Target at $48.45

Amer Sports, Inc. (NYSE:AS) has earned an average recommendation of “Buy” from the seventeen analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $48.70.

A number of brokerages have recently weighed in on AS. Deutsche Bank Aktiengesellschaft set a $52.00 price target on Amer Sports in a research report on Wednesday, May 20th. Weiss Ratings upgraded Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, April 27th. UBS Group increased their target price on Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Robert W. Baird set a $51.00 target price on Amer Sports in a research note on Wednesday, May 20th. Finally, Truist Financial boosted their price target on shares of Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, May 19th.

Amer Sports Stock Performance

Shares of AS opened at $34.22 on Thursday. The business’s fifty day moving average price is $35.04 and its 200 day moving average price is $36.05. Amer Sports has a 12-month low of $28.92 and a 12-month high of $42.76. The stock has a market capitalization of $18.95 billion, a PE ratio of 42.77, a price-to-earnings-growth ratio of 1.18 and a beta of 2.05. 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 posted its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the firm posted $0.27 EPS. The company’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. Equities research analysts forecast that Amer Sports will post 1.22 EPS for the current year.

Insider Activity

In other Amer Sports news, insider Wen-Chang (Victor) Chen sold 13,075 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $35.62, for a total value of $465,731.50. Following the completion of the transaction, the insider owned 149,821 shares in the company, valued at approximately $5,336,624.02. This represents a 8.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Stuart Haselden sold 215,275 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $35.57, for a total transaction of $7,657,331.75. Following the completion of the sale, the chief executive officer owned 215,275 shares in the company, valued at $7,657,331.75. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 851,685 shares of company stock valued at $29,856,753.

Hedge Funds Weigh In On Amer Sports

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AS. EverSource Wealth Advisors LLC raised its stake in Amer Sports by 84.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock valued at $25,000 after acquiring an additional 348 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Amer Sports in the fourth quarter worth $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 purchasing an additional 703 shares during the period. Rockefeller Capital Management L.P. increased its holdings 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 valued at $30,000 after purchasing an additional 742 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake 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 valued at $42,000 after purchasing an additional 848 shares in the last quarter. 40.25% of the stock is owned by institutional investors.

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).