Andrew Page Sells 6,005 Shares of Amer Sports (NYSE:AS) Stock
by Teresa Graham · The Cerbat GemAmer Sports, Inc. (NYSE:AS – Get Free Report) CFO Andrew Page sold 6,005 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $36.26, for a total value of $217,741.30. Following the transaction, the chief financial officer directly owned 11,828 shares of the company’s stock, valued at $428,883.28. The trade was a 33.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Amer Sports Price Performance
Shares of Amer Sports stock traded down $0.42 during trading on Thursday, hitting $36.00. 2,768,190 shares of the stock traded hands, compared to its average volume of 4,682,533. The company has a quick ratio of 0.76, a current ratio of 1.50 and a debt-to-equity ratio of 0.25. The stock has a market cap of $19.94 billion, a price-to-earnings ratio of 47.99, a PEG ratio of 1.45 and a beta of 2.81. The firm’s fifty day moving average is $35.76 and its 200-day moving average is $35.40. Amer Sports, Inc. has a 52 week low of $21.06 and a 52 week high of $42.76.
Amer Sports (NYSE:AS – Get Free Report) last released its earnings results on Tuesday, February 24th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $1.99 billion. Amer Sports had a return on equity of 9.74% and a net margin of 6.51%.Amer Sports’s quarterly revenue was up 28.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS. 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. Research analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.
Institutional Trading of Amer Sports
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Federation des caisses Desjardins du Quebec lifted its position in Amer Sports by 10.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,466 shares of the company’s stock valued at $167,000 after purchasing an additional 405 shares during the last quarter. Choreo LLC lifted its position in Amer Sports by 4.9% in the fourth quarter. Choreo LLC now owns 9,387 shares of the company’s stock valued at $354,000 after purchasing an additional 437 shares during the last quarter. Mackenzie Financial Corp lifted its position in Amer Sports by 1.1% in the third quarter. Mackenzie Financial Corp now owns 48,745 shares of the company’s stock valued at $1,694,000 after purchasing an additional 540 shares during the last quarter. Moore Capital Management LP lifted its position in Amer Sports by 3.6% in the fourth quarter. Moore Capital Management LP now owns 18,572 shares of the company’s stock valued at $694,000 after purchasing an additional 651 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in Amer Sports by 2.0% in the third quarter. Handelsbanken Fonder AB now owns 35,300 shares of the company’s stock valued at $1,227,000 after purchasing an additional 700 shares during the last quarter. Institutional investors own 40.25% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on AS shares. Deutsche Bank Aktiengesellschaft set a $49.00 target price on Amer Sports in a research note on Thursday, January 8th. UBS Group reissued a “buy” rating on shares of Amer Sports in a research note on Friday, March 13th. Zacks Research lowered shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a report on Friday, February 20th. Finally, Truist Financial set a $49.00 target price on Amer Sports in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $47.12.
Read Our Latest Research Report on Amer Sports
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).