BMO Capital Markets upgraded shares of Amer Sports (NYSE:AS – Free Report) to a strong-buy rating in a research note published on Tuesday,Zacks reports.
AS has been the topic of a number of other research reports. Morgan Stanley started coverage on Amer Sports in a report on Thursday. They set an “equal weight” rating and a $31.00 price objective on the stock. Robert W. Baird set a $51.00 price objective on Amer Sports in a research note on Wednesday, May 20th. UBS Group set a $42.00 target price on Amer Sports in a report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Amer Sports in a research report on Wednesday, August 19th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a 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 given a Hold rating to the stock. According to MarketBeat, Amer Sports has an average rating of “Moderate Buy” and an average price target of $45.92.
View Our Latest Stock Report on Amer Sports
Amer Sports Trading Down 1.5%
Amer Sports (NYSE:AS – Get Free Report) last posted its earnings results on Tuesday, August 18th. The company reported $0.22 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the business posted $0.03 earnings per share. The business’s quarterly revenue was up 32.1% on a year-over-year basis. 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. Analysts expect that Amer Sports will post 1.29 EPS for the current fiscal year.
Insider Transactions at Amer Sports
In other Amer Sports news, CFO Andrew Page sold 2,022 shares of the company’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 value of $57,889.86. Following the completion of the transaction, the chief financial officer owned 6,575 shares of the company’s stock, valued at $188,242.25. This represents a 23.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Institutional Trading of Amer Sports
Several institutional investors have recently modified their holdings of AS. Kestra Advisory Services LLC bought a new stake in shares of Amer Sports during the fourth quarter valued at approximately $27,000. EverSource Wealth Advisors LLC lifted its position in Amer Sports by 84.3% in the first quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock worth $25,000 after purchasing an additional 348 shares during the period. Rockefeller Capital Management L.P. boosted its stake in Amer Sports by 1,030.6% during the fourth 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. Caitong International Asset Management Co. Ltd boosted its stake 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 worth $29,000 after buying an additional 703 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Amer Sports by 241.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock valued at $42,000 after buying an additional 848 shares during the period. Institutional investors and hedge funds own 40.25% of the company’s 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.
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