Wells Fargo & Company Issues Pessimistic Forecast for Amer Sports (NYSE:AS) Stock Price

Amer Sports (NYSE:AS) had its target price decreased by analysts at Wells Fargo & Company from $45.00 to $40.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 52.65% from the company’s previous close.

AS has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Amer Sports in a research note on Wednesday, August 19th. Weiss Ratings downgraded Amer Sports from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 19th. BMO Capital Markets started coverage on Amer Sports in a report on Tuesday, September 8th. They issued an “outperform” rating and a $38.00 target price on the stock. Barclays lifted their price target on Amer Sports from $49.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Finally, Piper Sandler reissued an “overweight” rating on shares of Amer Sports in a research report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amer Sports presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.59.

Amer Sports Price Performance

NYSE AS opened at $26.20 on Friday. Amer Sports has a 1 year low of $26.18 and a 1 year high of $42.76. The company has a fifty day simple moving average of $32.62 and a 200 day simple moving average of $33.93. The company has a current ratio of 1.76, a quick ratio of 0.80 and a debt-to-equity ratio of 0.11. The company has a market cap of $14.51 billion, a P/E ratio of 27.58, a P/E/G ratio of 0.87 and a beta of 1.99.

Amer Sports (NYSE:AS) last released its earnings results on Monday, August 17th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. Amer Sports had a net margin of 7.35% and a return on equity of 11.18%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the business earned $0.03 EPS. The business’s revenue was up 32.1% on a year-over-year basis. On average, sell-side analysts predict that Amer Sports will post 1.29 EPS for the current year.

Insider Transactions at Amer Sports

In other Amer Sports news, CFO Andrew E. Page sold 2,022 shares of Amer Sports 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 sale, the chief financial officer directly owned 6,575 shares of the company’s stock, valued at approximately $188,242.25. The trade was a 23.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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. Also, insider Wen-Chang Chen sold 117,461 shares of Amer Sports stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $26.60, for a total value of $3,124,462.60. Following the sale, the insider directly owned 434,855 shares in the company, valued at $11,567,143. The trade was a 21.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Hedge Funds Weigh In On Amer Sports

A number of hedge funds have recently modified their holdings of the stock. Junto Capital Management LP lifted its holdings in Amer Sports by 583.8% during the 2nd quarter. Junto Capital Management LP now owns 3,099,673 shares of the company’s stock valued at $104,893,000 after purchasing an additional 2,646,364 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Amer Sports by 25.8% during the second quarter. Sequoia Financial Advisors LLC now owns 62,581 shares of the company’s stock worth $2,118,000 after buying an additional 12,833 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of Amer Sports by 45.9% in the 2nd quarter. Tidal Investments LLC now owns 12,369 shares of the company’s stock worth $419,000 after acquiring an additional 3,890 shares in the last quarter. C WorldWide Group Holding A S grew its position in Amer Sports by 41.0% during the 2nd quarter. C WorldWide Group Holding A S now owns 296,653 shares of the company’s stock worth $10,039,000 after acquiring an additional 86,327 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Amer Sports during the 2nd quarter valued at $99,000. 40.25% of the stock is owned by institutional investors and hedge funds.

More Amer Sports News

Here are the key news stories impacting Amer Sports this week:

• Positive Sentiment: Amer Sports raised its third-quarter 2026 outlook and updated its long-term financial targets, signaling continued momentum across Arc’teryx, Salomon and its other premium sports brands. The updates were announced ahead of the company’s investor day and provide greater visibility into its growth strategy. Amer Sports Updates Long-Term Financial Algorithm and Third Quarter 2026 Guidance
• Positive Sentiment: The company is targeting $3 billion in annual Salomon sales by 2028. Success would make Salomon a larger growth driver and strengthen Amer Sports’ broader revenue-expansion plans. Amer Sports Targets $3 Billion in Salomon Sales by 2028
• Positive Sentiment: UBS said the raised third-quarter outlook supports its fiscal 2026 estimates. Analysts and investors have also highlighted Amer Sports’ strong revenue growth, approximately 60% gross margins, diversified brand portfolio and net-cash position. Amer Sports’ Raised Q3 Outlook Supports Fiscal 2026 Estimates, UBS Says
• Neutral Sentiment: Amer Sports’ direct-to-consumer expansion and expected margin gains could support long-term earnings growth, but investors still need evidence that the company can translate ambitious sales targets into sustained cash flow and profitability. Amer Sports’ 2026 Outlook
• Negative Sentiment: Insider Wen-Chang Chen sold 117,461 shares for approximately $3.1 million, reducing his direct ownership by 21.27%. Although he retained a significant stake, the transaction may pressure sentiment while AS trades near its annual low. Trade-policy uncertainty and potential tariffs also remain risks for margins and international growth. Amer Sports Insider Sells Stock

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.