Amer Sports, Inc. (NYSE:AS) Receives $49.70 Average PT from Analysts

Shares of Amer Sports, Inc. (NYSE:AS) have received a consensus recommendation of “Buy” from the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $49.20.

A number of brokerages have issued reports on AS. Weiss Ratings lowered Amer Sports from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Amer Sports in a report on Wednesday. Robert W. Baird set a $51.00 price target on shares of Amer Sports in a report on Wednesday, May 20th. JPMorgan Chase & Co. boosted their price objective on shares of Amer Sports from $59.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Finally, UBS Group reissued a “buy” rating on shares of Amer Sports in a report on Wednesday.

Amer Sports Trading Down 4.3%

AS opened at $32.55 on Friday. The firm’s 50 day moving average is $34.90 and its 200-day moving average is $35.31. Amer Sports has a 52-week low of $28.92 and a 52-week high of $42.76. The company has a quick ratio of 0.82, a current ratio of 1.76 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $18.03 billion, a P/E ratio of 34.26, a P/E/G ratio of 1.09 and a beta of 2.05.

Amer Sports (NYSE:AS) last announced its earnings results on Tuesday, August 18th. The company reported $0.22 earnings per share for the quarter, beating 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 business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the firm earned $0.03 earnings per share. The business’s quarterly 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. Analysts expect that Amer Sports will post 1.3 EPS for the current fiscal year.

Key Stories Impacting Amer Sports

Here are the key news stories impacting Amer Sports this week:

• Positive Sentiment: Q2 beat and guidance increase: Amer Sports reported adjusted EPS of $0.22 versus the $0.11 analyst consensus and revenue of $1.63 billion versus expectations of $1.54 billion. Sales increased 32.1% year over year, and management issued fiscal 2026 EPS guidance of $1.27-$1.30. Amer Sports Q2 2026 Earnings Call Summary
• Positive Sentiment: Arc’teryx and Salomon remain key growth engines: The premium outdoor brands drove much of the quarter’s sales and profit surge, supporting continued optimism about Amer Sports’ growth prospects. Amer Sports Q2 sales, profit surge on Arc’teryx, Salomon growth
• Positive Sentiment: Improved margins and retail expansion: Gross margin reached 65.6%, helped partly by tariff refunds, while the company is expanding its premium retail presence in North America. Amer Sports Q2 2026: Gross Margin Jumps
• Neutral Sentiment: Tariff refunds create uncertainty: Amer Sports has received tariff refunds, but it remains unclear whether consumers will benefit through lower prices or whether the refunds will primarily support company margins. Companies Have Gotten Tariff Refunds
• Negative Sentiment: Fashion and valuation concerns: Analysts caution that Arc’teryx’s current momentum depends partly on changing fashion trends, making future growth harder to extrapolate. At roughly 34 times earnings, the stock leaves less room for disappointment. Amer Sports: Fashion Risk Remains
• Negative Sentiment: Price-target reduction: Truist maintained a Buy rating but lowered its target from $50 to $42, signaling more cautious expectations despite significant implied upside. Truist price-target update

Insider Buying and Selling

In related news, CEO Stuart Haselden sold 215,275 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $35.57, for a total transaction of $7,657,331.75. Following the completion of the transaction, the chief executive officer directly owned 215,275 shares in the company, valued at $7,657,331.75. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Wen-Chang (Victor) Chen sold 13,075 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $35.62, for a total value of $465,731.50. Following the completion of the sale, the insider directly owned 149,821 shares in the company, valued at $5,336,624.02. This represents a 8.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 833,580 shares of company stock valued at $29,200,266 over the last quarter.

Hedge Funds Weigh In On Amer Sports

Several institutional investors have recently modified their holdings of AS. Artisan Partners Limited Partnership increased its holdings in shares of Amer Sports by 1,306.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock worth $194,759,000 after acquiring an additional 4,843,742 shares during the period. Scopus Asset Management L.P. acquired a new position in Amer Sports during the 2nd quarter valued at about $108,562,000. Viking Global Investors LP boosted its stake in Amer Sports by 63.5% during the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock valued at $220,436,000 after purchasing an additional 2,462,832 shares during the period. Balyasny Asset Management L.P. bought a new position in Amer Sports in the 2nd quarter worth about $87,287,000. Finally, Squarepoint Ops LLC grew its position in Amer Sports by 5,847.1% in the 4th quarter. Squarepoint Ops LLC now owns 1,986,102 shares of the company’s stock worth $74,181,000 after purchasing an additional 1,952,706 shares during the last quarter. Institutional investors own 40.25% of the company’s stock.

About Amer Sports

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).