Traders Buy Large Volume of Amer Sports Put Options (NYSE:AS)

Amer Sports, Inc. (NYSE:ASGet Free Report) was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 23,016 put options on the company. This represents an increase of 155% compared to the typical volume of 9,040 put options.

Amer Sports Stock Performance

AS stock traded down $0.03 during mid-day trading on Thursday, reaching $28.53. 2,130,399 shares of the stock traded hands, compared to its average volume of 4,767,773. The company has a quick ratio of 0.80, a current ratio of 1.76 and a debt-to-equity ratio of 0.11. Amer Sports has a 52 week low of $28.09 and a 52 week high of $42.76. The business has a 50-day moving average of $34.00 and a two-hundred day moving average of $34.85. The firm has a market capitalization of $15.80 billion, a PE ratio of 30.08, a P/E/G ratio of 0.94 and a beta of 1.99.

Amer Sports (NYSE:ASGet Free Report) last issued its quarterly earnings results on Tuesday, August 18th. The company reported $0.22 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the business posted $0.03 earnings per share. The firm’s 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. As a group, equities analysts predict that Amer Sports will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AS. Barclays increased their price objective on Amer Sports from $49.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Piper Sandler restated an “overweight” rating on shares of Amer Sports in a report on Wednesday, August 19th. Robert W. Baird set a $51.00 target price on Amer Sports in a research report on Wednesday, May 20th. Weiss Ratings downgraded Amer Sports from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Amer Sports in a 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $49.14.

View Our Latest Stock Analysis on Amer Sports

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Artisan Partners Limited Partnership boosted its position in shares of Amer Sports by 1,306.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock valued at $194,759,000 after acquiring an additional 4,843,742 shares during the period. Scopus Asset Management L.P. bought a new position in Amer Sports during the second quarter worth $108,562,000. Viking Global Investors LP increased its position in Amer Sports by 63.5% during the third quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock worth $220,436,000 after acquiring an additional 2,462,832 shares during the period. Balyasny Asset Management L.P. acquired a new position in Amer Sports during the 2nd quarter valued at $87,287,000. Finally, Squarepoint Ops LLC raised its stake in Amer Sports by 5,847.1% during the 4th quarter. Squarepoint Ops LLC now owns 1,986,102 shares of the company’s stock valued at $74,181,000 after purchasing an additional 1,952,706 shares during the last quarter. 40.25% of the stock is owned by institutional investors.

Amer Sports Company Profile

(Get Free Report)

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).

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