Amer Sports (NYSE:AS) CEO Jie (James) Zheng Sells 500,000 Shares

Amer Sports, Inc. (NYSE:AS) CEO Jie (James) Zheng sold 500,000 shares of Amer Sports 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 sale, the chief executive officer owned 1,262,385 shares in the company, valued at approximately $43,451,291.70. This represents a 28.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Amer Sports Price Performance

Shares of AS stock opened at $34.18 on Friday. The firm has a market cap of $18.93 billion, a P/E ratio of 42.73, a P/E/G ratio of 1.20 and a beta of 2.05. Amer Sports, Inc. has a fifty-two week low of $28.92 and a fifty-two week high of $42.76. The business’s 50 day moving average price is $34.81 and its 200-day moving average price is $36.20. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 1.66.

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

Institutional Investors Weigh In On Amer Sports

Several hedge funds have recently made changes to their positions in the company. Alpine Woods Capital Investors LLC bought a new stake in Amer Sports in the first quarter worth $221,000. Edgestream Partners L.P. bought a new stake in Amer Sports in the first quarter worth $1,220,000. Amundi boosted its holdings in Amer Sports by 209.6% in the first quarter. Amundi now owns 611,820 shares of the company’s stock worth $20,141,000 after acquiring an additional 414,233 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Amer Sports by 84.3% in the first quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock worth $25,000 after acquiring an additional 348 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in 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 in the last quarter. 40.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AS. UBS Group lifted their price objective on Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Robert W. Baird set a $51.00 price target on Amer Sports in a research report on Wednesday, May 20th. Truist Financial lifted their price target on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft set a $52.00 price target on Amer Sports in a research report on Wednesday, May 20th. Finally, Weiss Ratings upgraded Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Amer Sports currently has a consensus rating of “Buy” and an average price target of $48.19.

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).