Amer Sports, Inc. (NYSE:AS – Get Free Report) has been given an average rating of “Moderate Buy” by the seventeen research firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $45.92.
A number of analysts recently weighed in on AS shares. Piper Sandler restated an “overweight” rating on shares of Amer Sports in a report on Wednesday, August 19th. Morgan Stanley started coverage on Amer Sports in a report on Thursday. They set an “equal weight” rating and a $31.00 target price on the stock. Weiss Ratings lowered Amer Sports from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 19th. Barclays increased their price target on Amer Sports from $49.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Finally, Truist Financial lowered their price objective on Amer Sports from $50.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, August 19th.
Read Our Latest Stock Report on Amer Sports
Amer Sports Stock Down 1.5%
Amer Sports (NYSE:AS – Get Free Report) last announced 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. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Amer Sports had a net margin of 7.35% and a return on equity of 11.18%. The company’s revenue was up 32.1% on a year-over-year basis. During the same period in the prior year, the company posted $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 anticipate 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 stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 6,575 shares of the company’s stock, valued at approximately $188,242.25. This represents a 23.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Institutional Investors Weigh In On Amer Sports
A number of institutional investors have recently modified their holdings of AS. EverSource Wealth Advisors LLC raised its stake in Amer Sports by 84.3% during the first quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock worth $25,000 after buying an additional 348 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Amer Sports during the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd boosted 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 acquiring an additional 703 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in Amer Sports by 1,030.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock worth $30,000 after acquiring an additional 742 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Amer Sports by 241.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock worth $42,000 after acquiring an additional 848 shares during the period. 40.25% of the stock is 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.
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