Insider Selling: Amer Sports (NYSE:AS) CEO Sells 6,511 Shares of Stock
by Michael Walen · The Markets DailyAmer Sports, Inc. (NYSE:AS – Get Free Report) CEO Stuart Haselden sold 6,511 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $33.28, for a total transaction of $216,686.08. Following the transaction, the chief executive officer owned 5,448 shares of the company’s stock, valued at approximately $181,309.44. This represents a 54.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Amer Sports Trading Down 1.5%
AS traded down $0.50 during mid-day trading on Thursday, hitting $33.36. The stock had a trading volume of 2,811,105 shares, compared to its average volume of 4,830,262. The stock’s fifty day simple moving average is $36.25 and its 200-day simple moving average is $35.49. The firm has a market capitalization of $18.47 billion, a price-to-earnings ratio of 44.48, a price-to-earnings-growth ratio of 1.31 and a beta of 2.80. Amer Sports, Inc. has a 1-year low of $20.21 and a 1-year high of $42.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 0.76.
Amer Sports (NYSE:AS – Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. Amer Sports had a net margin of 6.51% and a return on equity of 9.74%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the previous year, the business earned $0.17 EPS. The firm’s revenue was up 28.5% on a year-over-year basis. Amer Sports has set its FY 2026 guidance at 1.100-1.150 EPS and its Q1 2026 guidance at 0.280-0.300 EPS. As a group, research analysts forecast that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on AS. Barclays initiated coverage on Amer Sports in a report on Tuesday, December 9th. They issued an “overweight” rating and a $49.00 price target for the company. Evercore lifted their price objective on Amer Sports from $50.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Wells Fargo & Company increased their target price on Amer Sports from $40.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Zacks Research downgraded shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Finally, UBS Group reaffirmed a “buy” rating on shares of Amer Sports in a research note on Friday, March 13th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Amer Sports presently has an average rating of “Buy” and a consensus target price of $47.12.
Read Our Latest Research Report on AS
Institutional Trading of Amer Sports
Several hedge funds and other institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. lifted its holdings in shares of Amer Sports by 1,030.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock valued at $30,000 after purchasing an additional 742 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Amer Sports by 19.6% during the fourth quarter. Invesco Ltd. now owns 232,193 shares of the company’s stock worth $8,672,000 after buying an additional 37,988 shares in the last quarter. Owlhouse Capital LP bought a new position in shares of Amer Sports during the fourth quarter worth about $4,799,000. Vident Advisory LLC raised its position in Amer Sports by 14.5% in the 4th quarter. Vident Advisory LLC now owns 798,441 shares of the company’s stock valued at $29,822,000 after buying an additional 101,343 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Amer Sports in the 4th quarter valued at approximately $694,000. Institutional investors and hedge funds own 40.25% of the company’s stock.
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).