Amer Sports (NYSE:AS) Sets New 12-Month Low – Time to Sell?

Amer Sports, Inc. (NYSE:AS)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $26.92 and last traded at $26.8780, with a volume of 189694 shares traded. The stock had previously closed at $27.55.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AS. JPMorgan Chase & Co. raised their price objective on shares of Amer Sports from $59.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Piper Sandler reaffirmed an “overweight” rating on shares of Amer Sports in a report on Wednesday, August 19th. Morgan Stanley assumed coverage on shares of Amer Sports in a research note on Thursday, September 10th. They set an “equal weight” rating and a $31.00 target price for the company. Barclays increased their target price on shares of Amer Sports from $49.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Finally, Robert W. Baird set a $51.00 price target on Amer Sports in a report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.92.

Amer Sports Stock Performance

The company has a market cap of $14.83 billion, a PE ratio of 28.20, a P/E/G ratio of 0.90 and a beta of 1.99. 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 stock’s 50-day simple moving average is $33.05 and its 200 day simple moving average is $34.17.

Amer Sports (NYSE:AS) last issued 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 for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous 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. As a group, equities analysts anticipate that Amer Sports, Inc. will post 1.29 EPS for the current year.

Insider Buying and Selling

In other Amer Sports news, CFO Andrew Page sold 2,022 shares of Amer Sports stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $28.63, for a total value of $57,889.86. Following the sale, the chief financial officer owned 6,575 shares of the company’s stock, valued at approximately $188,242.25. The trade was a 23.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Hedge Funds Weigh In On Amer Sports

Several institutional investors and hedge funds have recently added to or reduced their stakes in AS. Aspex Management HK Ltd lifted its holdings 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 valued at $283,622,000 after buying an additional 1,658,536 shares during the period. Artisan Partners Limited Partnership boosted its stake in shares of 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 valued at $194,759,000 after buying an additional 4,843,742 shares in the last quarter. Avala Global LP grew its holdings in Amer Sports by 38.8% during the fourth quarter. Avala Global LP now owns 4,637,149 shares of the company’s stock worth $173,198,000 after acquiring an additional 1,297,200 shares during the period. Temasek Holdings Private Ltd grew its holdings in Amer Sports by 42.1% during the first quarter. Temasek Holdings Private Ltd now owns 3,665,157 shares of the company’s stock worth $120,657,000 after acquiring an additional 1,086,616 shares during the period. Finally, Brown Advisory Inc. grew its holdings in Amer Sports by 5.4% during the fourth quarter. Brown Advisory Inc. now owns 3,372,726 shares of the company’s stock worth $125,971,000 after acquiring an additional 172,518 shares during the period. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Company Profile

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.