Investors Buy High Volume of Amer Sports Put Options (NYSE:AS)

Amer Sports, Inc. (NYSE:AS) was the recipient of some unusual options trading on Thursday. Traders bought 20,309 put options on the stock. This is an increase of approximately 403% compared to the typical daily volume of 4,034 put options.

Insiders Place Their Bets

In other Amer Sports news, insider Wen-Chang (Victor) Chen sold 13,075 shares of the firm’s 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 sale, the insider directly owned 149,821 shares in the company, valued at $5,336,624.02. This trade represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew E. Page sold 105,230 shares of Amer Sports stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total value of $3,867,202.50. Following the sale, the chief financial officer directly owned 4,083 shares of the company’s stock, valued at $150,050.25. This trade represents a 96.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 833,580 shares of company stock worth $29,200,266.

Institutional Investors Weigh In On Amer Sports

Institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew 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 valued at $25,000 after purchasing an additional 348 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Amer Sports during the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Amer Sports by 484.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock worth $29,000 after buying an additional 703 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Amer Sports by 1,030.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock worth $30,000 after buying an additional 742 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Amer Sports by 241.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock worth $42,000 after buying an additional 848 shares in the last quarter. Institutional investors and hedge funds own 40.25% of the company’s stock.

Analyst Upgrades and Downgrades

AS has been the subject of several research reports. UBS Group boosted their target price on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Truist Financial raised their price target on Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Piper Sandler reaffirmed an “overweight” rating and set a $45.00 price target on shares of Amer Sports in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on Amer Sports in a research note on Wednesday, May 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Amer Sports in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $49.70.

Amer Sports Price Performance

NYSE:AS traded down $0.40 during trading hours on Thursday, hitting $32.63. The company’s stock had a trading volume of 1,283,209 shares, compared to its average volume of 4,398,047. Amer Sports has a 52-week low of $28.92 and a 52-week high of $42.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 1.66. The business’s 50-day moving average is $35.06 and its two-hundred day moving average is $35.49. The company has a market capitalization of $18.07 billion, a PE ratio of 40.81, a PEG ratio of 1.18 and a beta of 2.05.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the firm 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, research analysts anticipate that Amer Sports will post 1.22 EPS for the current fiscal year.

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).