Amer Sports, Inc. (AS) – What Are Investment Firms Saying About This Stock?

Amer Sports, Inc. (NYSE:AS) has earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $44.77.

AS has been the topic of a number of research analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Amer Sports in a research note on Monday, September 21st. Barclays boosted their target price on shares of Amer Sports from $49.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. UBS Group set a $38.00 price target on Amer Sports in a research report on Monday, September 21st. Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a research note on Wednesday, August 19th. Finally, Morgan Stanley started coverage on Amer Sports in a research report on Thursday, September 10th. They set an “equal weight” rating and a $31.00 price objective for the company.

Amer Sports Stock Up 2.5%

AS opened at $28.13 on Friday. The firm has a market cap of $15.58 billion, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 0.87 and a beta of 2.04. 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 business has a 50 day moving average price of $30.11 and a 200 day moving average price of $33.18. Amer Sports has a twelve month low of $26.10 and a twelve month high of $42.76.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Monday, August 17th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.11 by $0.11. Amer Sports had a return on equity of 11.18% and a net margin of 7.35%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 32.1% compared to the same quarter last year. Research analysts forecast that Amer Sports will post 1.30 EPS for the current year.

Insider Buying and Selling

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

Institutional Trading of Amer Sports

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Artisan Partners Limited Partnership lifted its holdings in shares of Amer Sports by 1,306.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock worth $194,759,000 after acquiring an additional 4,843,742 shares during the period. Junto Capital Management LP increased its stake 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 period. Squarepoint Ops LLC raised its position in Amer Sports by 5,847.1% in the fourth quarter. Squarepoint Ops LLC now owns 1,986,102 shares of the company’s stock worth $74,181,000 after purchasing an additional 1,952,706 shares in the last quarter. Norges Bank bought a new position in Amer Sports during the fourth quarter worth about $70,055,000. Finally, Brilliance Asset Management Ltd. lifted its stake in Amer Sports by 164.9% during the fourth quarter. Brilliance Asset Management Ltd. now owns 2,809,105 shares of the company’s stock worth $104,920,000 after purchasing an additional 1,748,796 shares during the period. 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 and outdoor goods company that develops, manufactures and markets equipment, apparel, footwear and accessories for consumers and athletes. Its portfolio spans outdoor, winter sports, racquet sports and fitness categories, with products sold through wholesale partners, company-operated stores and digital channels.

The company’s brand portfolio includes Arc’teryx, known for technical outdoor apparel and equipment; Salomon, which offers trail-running, hiking and winter-sports products; Wilson, a manufacturer of tennis, padel, baseball, basketball and other sporting equipment; Atomic and Armada, which focus on snow sports; and Peak Performance, an outdoor and ski apparel brand.

Amer Sports serves customers internationally across North America, Europe, Asia and other global markets.