Amer Sports (NYSE:AS) CEO Jie (James) Zheng Sells 500,000 Shares

Amer Sports, Inc. (NYSE:AS) CEO Jie (James) Zheng sold 500,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $34.42, for a total transaction of $17,210,000.00. Following the completion of the sale, the chief executive officer owned 1,262,385 shares in the company, valued at approximately $43,451,291.70. The trade was a 28.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Amer Sports Stock Up 0.7%

Shares of AS stock opened at $34.59 on Friday. The stock has a market cap of $19.16 billion, a P/E ratio of 43.24, a PEG ratio of 1.19 and a beta of 2.05. Amer Sports, Inc. has a 52 week low of $28.92 and a 52 week high of $42.76. The company has a quick ratio of 0.82, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The company’s fifty day simple moving average is $34.80 and its two-hundred day simple moving average is $36.22.

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

Analysts Set New Price Targets

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

Institutional Trading of Amer Sports

A number of large investors have recently made changes to their positions in AS. AQR Capital Management LLC purchased a new position in shares of Amer Sports during the first quarter worth approximately $565,000. Goldman Sachs Group Inc. increased its position in shares of Amer Sports by 44.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company’s stock worth $31,372,000 after acquiring an additional 358,536 shares during the period. Legal & General Group Plc increased its position in shares of Amer Sports by 103.2% during the second quarter. Legal & General Group Plc now owns 16,404 shares of the company’s stock worth $636,000 after acquiring an additional 8,330 shares during the period. American Century Companies Inc. purchased a new position in shares of Amer Sports during the second quarter worth approximately $472,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Amer Sports by 276.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,364 shares of the company’s stock worth $130,000 after acquiring an additional 2,470 shares during the period. 40.25% of the stock is owned by hedge funds and other institutional investors.

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).