Amer Sports, Inc. (NYSE:AS) Receives $48.19 Average Price Target from Brokerages

Amer Sports, Inc. (NYSE:AS) has earned an average rating of “Buy” from the eighteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $48.1938.

A number of analysts have recently commented on AS shares. Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a research note on Friday, February 20th. UBS Group lifted their price target 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. Deutsche Bank Aktiengesellschaft set a $52.00 price target on shares of Amer Sports in a research note on Wednesday, May 20th. Truist Financial boosted their target price on shares of Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings upgraded shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, April 27th.

Insider Activity at Amer Sports

In other Amer Sports news, CFO Andrew E. Page sold 105,230 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $36.75, for a total value of $3,867,202.50. Following the completion of the transaction, the chief financial officer directly owned 4,083 shares in the company, valued at $150,050.25. This represents a 96.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Stuart Haselden sold 215,275 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $35.57, for a total transaction of $7,657,331.75. Following the completion of the transaction, the chief executive officer owned 215,275 shares of the company’s stock, valued at approximately $7,657,331.75. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 360,705 shares of company stock worth $12,946,939.

Hedge Funds Weigh In On Amer Sports

Hedge funds have recently modified their holdings of the stock. Aspex Management HK Ltd purchased a new position in shares of Amer Sports in the third quarter worth $206,244,000. Polar Asset Management Partners Inc. purchased a new position in shares of Amer Sports in the third quarter worth $2,519,000. JPMorgan Chase & Co. lifted its holdings in shares of Amer Sports by 9.3% in the third quarter. JPMorgan Chase & Co. now owns 684,783 shares of the company’s stock worth $23,796,000 after buying an additional 58,350 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Amer Sports by 130.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,015,491 shares of the company’s stock worth $112,629,000 after buying an additional 1,705,944 shares in the last quarter. Finally, WT Asset Management Ltd lifted its holdings in shares of Amer Sports by 221.5% in the third quarter. WT Asset Management Ltd now owns 3,499,062 shares of the company’s stock worth $121,592,000 after buying an additional 2,410,861 shares in the last quarter. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Amer Sports Stock Up 0.7%

Shares of Amer Sports stock opened at $34.59 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 1.66. The stock has a market capitalization of $19.16 billion, a PE ratio of 43.24, a price-to-earnings-growth ratio of 1.19 and a beta of 2.05. Amer Sports has a 52-week low of $28.92 and a 52-week high of $42.76. The company has a 50-day simple moving average of $34.80 and a two-hundred day simple moving average of $36.22.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 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 firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the business posted $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. On average, analysts anticipate that Amer Sports will post 1.22 EPS for the current fiscal year.

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).