Wen-Chang (Victor) Chen Sells 13,075 Shares of Amer Sports (NYSE:AS) Stock

Amer Sports, Inc. (NYSE:AS) insider Wen-Chang (Victor) Chen sold 13,075 shares of the company’s stock in a transaction 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. The trade was a 8.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Amer Sports Stock Performance

NYSE AS opened at $34.59 on Friday. Amer Sports, Inc. has a 1 year low of $28.92 and a 1 year high of $42.76. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.82. The firm has a market cap of $19.16 billion, a price-to-earnings ratio of 43.24, a PEG ratio of 1.19 and a beta of 2.05. The company has a fifty day moving average price of $34.80 and a 200-day moving average price of $36.22.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on AS shares. Robert W. Baird set a $51.00 price target on shares of Amer Sports in a research report on Wednesday, May 20th. UBS Group increased their price target 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. Piper Sandler restated an “overweight” rating on shares of Amer Sports in a research report on Friday, February 20th. Truist Financial increased their price target on shares of Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings upgraded shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $48.19.

Hedge Funds Weigh In On Amer Sports

Several institutional investors have recently added to or reduced their stakes in AS. Aspex Management HK Ltd purchased a new stake in Amer Sports during the third quarter valued at about $206,244,000. Polar Asset Management Partners Inc. purchased a new stake in Amer Sports during the third quarter valued at about $2,519,000. JPMorgan Chase & Co. lifted its holdings in Amer Sports by 9.3% during the third quarter. JPMorgan Chase & Co. now owns 684,783 shares of the company’s stock valued at $23,796,000 after purchasing an additional 58,350 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Amer Sports by 130.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,015,491 shares of the company’s stock valued at $112,629,000 after purchasing an additional 1,705,944 shares during the last quarter. Finally, WT Asset Management Ltd lifted its holdings in Amer Sports by 221.5% during the third quarter. WT Asset Management Ltd now owns 3,499,062 shares of the company’s stock valued at $121,592,000 after purchasing an additional 2,410,861 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).