Amer Sports (NYSE:AS) Hits New 12-Month Low After Insider Selling

Amer Sports, Inc. (NYSE:AS) hit a new 52-week low during mid-day trading on Wednesday following insider selling activity. The company traded as low as $28.80 and last traded at $28.8460, with a volume of 3304299 shares trading hands. The stock had previously closed at $29.46.

Specifically, CFO Andrew Page sold 2,022 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were 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 approximately $188,242.25. This represents a 23.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AS shares. Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a research note on Wednesday, August 19th. JPMorgan Chase & Co. upped their price objective on Amer Sports from $59.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Robert W. Baird set a $51.00 price objective on Amer Sports in a research note on Wednesday, May 20th. UBS Group reissued a “buy” rating on shares of Amer Sports in a report on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Amer Sports in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $49.14.

Amer Sports Trading Down 0.5%

The firm has a 50-day simple moving average of $33.89 and a 200-day simple moving average of $34.77. The company has a quick ratio of 0.80, a current ratio of 1.76 and a debt-to-equity ratio of 0.11. The stock has a market cap of $15.75 billion, a PE ratio of 29.93, a P/E/G ratio of 0.92 and a beta of 1.99.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AS. EverSource Wealth Advisors LLC increased its holdings in Amer Sports by 84.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock worth $25,000 after acquiring an additional 348 shares during the period. GAMMA Investing LLC lifted its position in Amer Sports by 10.6% in the 2nd quarter. GAMMA Investing LLC now owns 4,223 shares of the company’s stock worth $143,000 after buying an additional 405 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its stake in shares of Amer Sports by 10.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,466 shares of the company’s stock valued at $167,000 after purchasing an additional 405 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in Amer Sports by 14.9% during the second quarter. TD Waterhouse Canada Inc. now owns 3,329 shares of the company’s stock valued at $114,000 after buying an additional 432 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in Amer Sports by 1.1% during the 3rd quarter. Mackenzie Financial Corp now owns 48,745 shares of the company’s stock valued at $1,694,000 after acquiring an additional 540 shares during the period. Hedge funds and other institutional investors own 40.25% of the company’s stock.

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).