Amer Sports (NYSE:AS) CFO Andrew Page Sells 2,022 Shares

Amer Sports, Inc. (NYSE:AS – Get Free Report) CFO Andrew Page sold 2,022 shares of the business’s 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 transaction, the chief financial officer directly 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 sale 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.

Amer Sports Stock Performance

Amer Sports stock opened at $28.65 on Thursday. Amer Sports, Inc. has a 1-year low of $28.54 and a 1-year high of $42.76. 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 firm has a market capitalization of $15.87 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 0.94 and a beta of 1.99. The firm’s 50 day simple moving average is $34.00 and its 200 day simple moving average is $34.85.

Get Amer Sports alerts:

Amer Sports (NYSE:AS – Get Free Report) last announced its quarterly earnings results on Tuesday, August 18th. The company reported $0.22 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 the consensus estimate of $1.54 billion. Amer Sports had a net margin of 7.35% and a return on equity of 11.18%. The business’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same period last year, the firm earned $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. As a group, analysts expect that Amer Sports, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Amer Sports from $59.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Truist Financial dropped their price target 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. Barclays boosted their price objective on Amer Sports from $49.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Weiss Ratings cut shares of Amer Sports from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 19th. Finally, Piper Sandler restated an “overweight” rating on shares of Amer Sports in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.14.

View Our Latest Stock Analysis on Amer Sports

Hedge Funds Weigh In On Amer Sports

Hedge funds and other institutional investors have recently modified their holdings of the company. Wakefield Asset Management LLLP bought a new stake in Amer Sports in the 4th quarter worth approximately $3,927,000. Ogborne Capital Management LLC purchased a new stake in Amer Sports in the fourth quarter worth approximately $22,257,000. Norges Bank bought a new position in Amer Sports during the fourth quarter valued at approximately $70,055,000. Legal & General Group Plc grew its position in Amer Sports by 670.1% during the fourth quarter. Legal & General Group Plc now owns 118,455 shares of the company’s stock valued at $4,424,000 after acquiring an additional 103,074 shares during the last quarter. Finally, Pinnbrook Capital Management LP purchased a new position in shares of Amer Sports during the fourth quarter worth approximately $1,549,000. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

About Amer Sports

(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).

Further Reading

• Five stocks we like better than Amer Sports
• Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
• J.M. Smucker Stock’s Rally Has More Than Tariffs Behind It
• Wendy’s Rally Fades After Trian Steps Back: Was It Ever Real?
• GitLab’s Earnings Beat Just Gave Software Bulls a New SaaSpocalypse Test

Receive News & Ratings for Amer Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amer Sports and related companies with MarketBeat.com's FREE daily email newsletter.