Wells Fargo & Company Cuts Amer Sports (NYSE:AS) Price Target to $40.00

Amer Sports (NYSE:AS) had its price target lowered by Wells Fargo & Company from $45.00 to $40.00 in a report released on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets initiated coverage on Amer Sports in a research report on Tuesday, September 8th. They set an “outperform” rating and a $38.00 price target on the stock. BTIG Research reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Amer Sports in a research report on Friday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Amer Sports in a research note on Wednesday, August 19th. Truist Financial dropped their price target on Amer Sports from $50.00 to $42.00 and set a “buy” rating on the stock in a research note on Wednesday, August 19th. Finally, Morgan Stanley began coverage on Amer Sports in a research note on Thursday, September 10th. They issued an “equal weight” rating and a $31.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.06.

Amer Sports Price Performance

NYSE:AS opened at $26.71 on Friday. The stock has a market capitalization of $14.80 billion, a PE ratio of 28.12, a P/E/G ratio of 0.85 and a beta of 1.99. Amer Sports has a 1-year low of $26.10 and a 1-year high of $42.76. The firm has a fifty day simple moving average of $32.45 and a 200 day simple moving average of $33.85. The company has a current ratio of 1.76, a quick ratio of 0.80 and a debt-to-equity ratio of 0.11.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Monday, August 17th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Amer Sports had a net margin of 7.35% and a return on equity of 11.18%. The company’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.03 earnings per share. On average, research analysts expect that Amer Sports will post 1.3 EPS for the current fiscal year.

Insider Buying and Selling at Amer Sports

In other Amer Sports news, insider Wen-Chang Chen sold 117,461 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $26.60, for a total transaction of $3,124,462.60. Following the transaction, the insider owned 434,855 shares in the company, valued at $11,567,143. This represents a 21.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Andrew E. Page sold 2,022 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $28.63, for a total transaction of $57,889.86. Following the transaction, the chief financial officer owned 6,575 shares in the company, valued at approximately $188,242.25. The trade was a 23.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Institutional Investors Weigh In On Amer Sports

Several institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its position in Amer Sports by 84.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock worth $25,000 after purchasing an additional 348 shares in the last quarter. GAMMA Investing LLC boosted its position in Amer Sports by 10.6% in the second quarter. GAMMA Investing LLC now owns 4,223 shares of the company’s stock valued at $143,000 after buying an additional 405 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of Amer Sports by 14.9% during the second quarter. TD Waterhouse Canada Inc. now owns 3,329 shares of the company’s stock worth $114,000 after buying an additional 432 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Amer Sports by 0.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 254,830 shares of the company’s stock worth $9,518,000 after buying an additional 712 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Amer Sports by 1,030.6% during the fourth 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. 40.25% of the stock is currently owned by institutional investors.

Amer Sports News Roundup

Here are the key news stories impacting Amer Sports this week:

• Positive Sentiment: Amer Sports raised its third-quarter 2026 guidance, indicating stronger-than-expected momentum across Arc’teryx, Salomon and its other premium brands. The company also updated its long-term financial objectives, providing investors with greater visibility into its growth strategy. Amer Sports raises Q3 2026 outlook
• Positive Sentiment: BTIG Research reaffirmed its “buy” rating and set a $42 price target, implying considerable potential appreciation from current levels. BTIG Research rating
• Positive Sentiment: Amer Sports is targeting $3 billion in annual Salomon sales by 2028. Investors may view this as evidence that Salomon can become a major long-term growth engine alongside Arc’teryx. Amer Sports targets $3 billion in Salomon sales
• Positive Sentiment: UBS said the improved third-quarter outlook supports its fiscal 2026 estimates. Commentary also highlighted Amer Sports’ roughly 60% gross margins, diversified brand portfolio and net-cash position as financial strengths. UBS commentary on Amer Sports guidance
• Neutral Sentiment: Wells Fargo lowered its price target from $45 to $40 but maintained an “overweight” rating. The target reduction may reflect more cautious valuation assumptions, while the rating indicates continued confidence in the company’s fundamentals. Wells Fargo Amer Sports price target
• Negative Sentiment: Insider Wen-Chang Chen sold 117,461 shares worth approximately $3.1 million, reducing his direct ownership by 21.27%. Although he retained a substantial stake, the sale may weigh on sentiment while the stock trades near its annual low. Amer Sports insider sale
• Negative Sentiment: Investors remain exposed to trade-policy volatility and potential tariffs, which could pressure costs, margins and international demand despite the company’s strong brand momentum. Amer Sports 2026 outlook

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.