Amer Sports (NYSE:AS) Coverage Initiated by Analysts at BTIG Research

Analysts at BTIG Research initiated coverage on shares of Amer Sports (NYSE:AS) in a research report issued on Thursday, MarketBeat.com reports. The firm set a “buy” rating and a $42.00 price target on the stock. BTIG Research’s price objective would indicate a potential upside of 51.25% from the company’s previous close.

Other research analysts also recently issued research reports about the company. BMO Capital Markets began coverage on Amer Sports in a research note on Tuesday. They issued an “outperform” rating and a $38.00 price objective on the stock. UBS Group reissued a “buy” rating on shares of Amer Sports in a report on Wednesday, August 19th. Robert W. Baird set a $51.00 price target on shares of Amer Sports in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Amer Sports in a research note on Wednesday, August 19th. Finally, Piper Sandler restated an “overweight” rating on shares of Amer Sports in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Amer Sports has a consensus rating of “Moderate Buy” and an average price target of $47.25.

Amer Sports Stock Down 3.2%

Shares of AS stock opened at $27.77 on Thursday. The company has a 50 day simple moving average of $33.49 and a two-hundred day simple moving average of $34.44. The stock has a market cap of $15.38 billion, a P/E ratio of 29.23, a P/E/G ratio of 0.92 and a beta of 1.99. Amer Sports has a 12 month low of $27.71 and a 12 month high of $42.76. The company has a current ratio of 1.76, a quick ratio of 0.80 and a debt-to-equity ratio of 0.11.

Amer Sports (NYSE:AS) last announced its earnings results on Tuesday, August 18th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Amer Sports had a return on equity of 11.18% and a net margin of 7.35%.Amer Sports’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period last year, the firm earned $0.03 EPS. 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. On average, research analysts expect that Amer Sports will post 1.29 earnings per share for the current year.

Insiders Place Their Bets

In other Amer Sports news, CFO Andrew Page sold 2,022 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $28.63, for a total transaction of $57,889.86. Following the completion of the transaction, the chief financial officer owned 6,575 shares in the company, valued at $188,242.25. This trade represents a 23.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AS. EverSource Wealth Advisors LLC grew its holdings 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 valued at $25,000 after purchasing an additional 348 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Amer Sports during the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd lifted its position in 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 last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Amer Sports by 1,030.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock worth $30,000 after buying an additional 742 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Amer Sports by 241.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock worth $42,000 after buying an additional 848 shares in the last quarter. 40.25% of the stock is currently owned by institutional investors.

About Amer Sports

Amer Sports, Inc (NYSE: AS) is a global sporting goods company that designs, manufactures and markets equipment, apparel, footwear and accessories for outdoor, action sports and team sports. Its products are sold through wholesale partners, company-operated stores and digital channels across North America, Europe, Asia and other international markets.

The company’s brand portfolio includes Arc’teryx, which focuses on premium outdoor apparel and equipment; Salomon, known for mountain sports footwear and equipment; Wilson, which serves tennis, pickleball, baseball, basketball and other team sports; Atomic, which specializes in skiing products; and Peak Performance and Armada, which offer outdoor and winter sports apparel and equipment.

Amer Sports traces its origins to 1950 in Finland, where it was established as Amer-Yhtymä before developing into a diversified sporting goods group.