Amer Sports Sees Unusually High Options Volume (NYSE:AS)

Amer Sports, Inc. (NYSE:ASGet Free Report) was the recipient of some unusual options trading on Friday. Investors acquired 5,009 put options on the stock. This represents an increase of approximately 23% compared to the average daily volume of 4,057 put options.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AS. Weiss Ratings raised shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. UBS Group boosted their price objective on shares of Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Amer Sports in a research note on Wednesday, May 20th. Robert W. Baird set a $51.00 target price on shares of Amer Sports in a report on Wednesday, May 20th. Finally, Truist Financial raised their target price on Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $48.70.

Get Our Latest Stock Report on AS

Insider Buying and Selling

In other news, insider Wen-Chang (Victor) Chen sold 13,075 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $35.62, for a total transaction of $465,731.50. Following the completion of the sale, the insider owned 149,821 shares of the company’s stock, valued at approximately $5,336,624.02. This represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jie (James) Zheng sold 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $34.42, for a total transaction of $17,210,000.00. Following the completion of the transaction, the chief executive officer owned 1,262,385 shares in the company, valued at $43,451,291.70. This represents a 28.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 860,705 shares of company stock worth $30,156,939.

Institutional Trading of Amer Sports

A number of hedge funds and other institutional investors have recently modified their holdings of AS. Aspex Management HK Ltd increased its stake in shares of Amer Sports by 27.9% in the 4th quarter. Aspex Management HK Ltd now owns 7,593,627 shares of the company’s stock worth $283,622,000 after acquiring an additional 1,658,536 shares in the last quarter. Viking Global Investors LP boosted its stake 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 in the last quarter. Artisan Partners Limited Partnership grew its holdings in 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 worth $194,759,000 after purchasing an additional 4,843,742 shares during the period. Avala Global LP grew its holdings in Amer Sports by 38.8% in the fourth quarter. Avala Global LP now owns 4,637,149 shares of the company’s stock worth $173,198,000 after purchasing an additional 1,297,200 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Amer Sports by 57.5% during the third quarter. BNP Paribas Financial Markets now owns 3,991,563 shares of the company’s stock valued at $138,707,000 after purchasing an additional 1,457,951 shares in the last quarter. 40.25% of the stock is owned by hedge funds and other institutional investors.

Amer Sports Stock Up 0.2%

Shares of NYSE:AS opened at $34.20 on Friday. The firm has a market capitalization of $18.94 billion, a P/E ratio of 42.75, a P/E/G ratio of 1.19 and a beta of 2.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 1.66. The stock has a 50 day moving average price of $35.21 and a 200-day moving average price of $36.17. Amer Sports has a 52-week low of $28.92 and a 52-week high of $42.76.

Amer Sports (NYSE:ASGet Free Report) last released its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.07. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.84 billion. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The firm’s revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. As a group, equities research analysts anticipate that Amer Sports will post 1.22 EPS for the current fiscal year.

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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