Royal Bank of Canada Sells 425,869 Shares of Amer Sports, Inc. $AS

Royal Bank of Canada cut its holdings in shares of Amer Sports, Inc. (NYSE:AS) by 96.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,877 shares of the company’s stock after selling 425,869 shares during the quarter. Royal Bank of Canada’s holdings in Amer Sports were worth $489,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its stake in shares of Amer Sports by 16.9% in the first quarter. The Manufacturers Life Insurance Company now owns 44,871 shares of the company’s stock worth $1,477,000 after acquiring an additional 6,496 shares during the last quarter. Quantinno Capital Management LP raised its stake in Amer Sports by 23.6% during the 1st quarter. Quantinno Capital Management LP now owns 53,865 shares of the company’s stock valued at $1,773,000 after purchasing an additional 10,268 shares during the last quarter. Sculptor Capital LP bought a new stake in Amer Sports in the 1st quarter valued at $7,348,000. Maplelane Capital LLC bought a new stake in Amer Sports in the 1st quarter valued at $1,292,000. Finally, Siren L.L.C. acquired a new stake in Amer Sports in the 1st quarter worth $1,646,000. 40.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AS has been the topic of several research reports. Truist Financial dropped their price objective on shares of Amer Sports from $50.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, August 19th. UBS Group reissued a “buy” rating on shares of Amer Sports in a research report on Wednesday, August 19th. Robert W. Baird set a $51.00 price target on Amer Sports in a research note on Wednesday, May 20th. Barclays upped their price target on Amer Sports from $49.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Amer Sports in a research report on Wednesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $49.14.

Insider Activity

In other news, CEO Jie (James) Zheng sold 500,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $34.42, for a total value of $17,210,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,262,385 shares of the company’s stock, valued at approximately $43,451,291.70. This represents a 28.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stuart Haselden sold 215,275 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $35.57, for a total value of $7,657,331.75. Following the completion of the sale, the chief executive officer owned 215,275 shares in the company, valued at $7,657,331.75. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 728,350 shares of company stock worth $25,333,063.

Amer Sports Price Performance

NYSE:AS opened at $31.55 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.80 and a current ratio of 1.76. The company has a 50-day moving average of $34.67 and a 200-day moving average of $35.20. Amer Sports, Inc. has a 52 week low of $28.92 and a 52 week high of $42.76. The company has a market capitalization of $17.47 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 1.00 and a beta of 2.05.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, August 18th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.11. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. Amer Sports had a net margin of 7.35% and a return on equity of 11.18%. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share. 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, equities research analysts anticipate that Amer Sports, Inc. will post 1.29 earnings per share for the current fiscal year.

Amer Sports Company Profile

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).