BMO Capital Markets Upgrades Amer Sports (NYSE:AS) to “Strong-Buy”

Amer Sports (NYSE:AS) was upgraded by investment analysts at BMO Capital Markets to a “strong-buy” rating in a research note issued to investors on Tuesday, Zacks reports.

Other research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Amer Sports in a report on Wednesday, August 19th. Robert W. Baird set a $51.00 target price on shares of Amer Sports in a research note on Wednesday, May 20th. Truist Financial dropped their target price on Amer Sports from $50.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, August 19th. BTIG Research initiated coverage on Amer Sports in a report on Thursday. They issued a “buy” rating and a $42.00 target price on the stock. Finally, Weiss Ratings cut Amer Sports from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Amer Sports has an average rating of “Moderate Buy” and an average target price of $45.92.

Amer Sports Stock Performance

Shares of AS opened at $27.36 on Tuesday. The stock has a 50-day simple moving average of $33.34 and a 200-day simple moving average of $34.34. 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 has a market capitalization of $15.15 billion, a PE ratio of 28.80, a PEG ratio of 0.89 and a beta of 1.99. Amer Sports has a 1 year low of $27.21 and a 1 year high of $42.76.

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

Insider Buying and Selling at Amer Sports

In other news, CFO Andrew Page sold 2,022 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $28.63, for a total value of $57,889.86. Following the completion of the transaction, the chief financial officer owned 6,575 shares in the company, valued at approximately $188,242.25. This represents a 23.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Institutional Investors Weigh In On Amer Sports

Several hedge funds and other institutional investors have recently bought and sold shares of AS. Junto Capital Management LP lifted its position in Amer Sports by 583.8% in the second quarter. Junto Capital Management LP now owns 3,099,673 shares of the company’s stock valued at $104,893,000 after acquiring an additional 2,646,364 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Amer Sports by 25.8% during the second quarter. Sequoia Financial Advisors LLC now owns 62,581 shares of the company’s stock worth $2,118,000 after purchasing an additional 12,833 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Amer Sports by 45.9% during the second quarter. Tidal Investments LLC now owns 12,369 shares of the company’s stock worth $419,000 after purchasing an additional 3,890 shares during the last quarter. C WorldWide Group Holding A S increased its position in shares of Amer Sports by 41.0% during the second quarter. C WorldWide Group Holding A S now owns 296,653 shares of the company’s stock worth $10,039,000 after purchasing an additional 86,327 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Amer Sports during the second quarter worth about $99,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

About Amer Sports

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.