BTIG Research Initiates Coverage on Amer Sports With Buy Rating, $42 Price Target
Amer Sports (AS) has an average rating of Buy and mean price target of $49.43, according to analysts polled by FactSet.
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Amer Sports (AS) has an average rating of Buy and mean price target of $49.43, according to analysts polled by FactSet.
Amer Sports (AS) has an average rating of Buy and mean price target of $50.49, according to analysts polled by FactSet.
Amer Sports (AS) delivered strong double-digit omnichannel comparable growth across all segments, but a higher-than-expected SG&A outlook could weigh on sentiment, although UBS Securities said it does not derail the company's long-term revenue growth and EBIT margin potential.The company raised its 2026 EPS guidance to $1.27 to $1.30 from $1.18 to $1.23 previously, including an estimated $0.085 contribution from tariff refunds. The brokerage said in a Tuesday note that it believes the Street's EPS estimate could increase 2% to 3% from the prior view.After adjusting for the tariff refund, the company's gross margin guidance for the year appears set to increase to 59.7% to 60.2% from 59.0% to 59.5%, which would be above expectations. UBS said the main downside to expectations appears to be from a higher SG&A outlook.Amer Sports' Q3 EPS guidance of $0.31 to $0.33 was below the Street's $0.39 view, while its sales outlook was above consensus and its EBIT margin guidance was below expectations. UBS said the market could focus more on the higher SG&A outlook than the better-than-expected sales outlook.UBS has a buy rating on Amer Sports with a price target of $62.Shares of Amer Sports were up 2.5% in Wednesday trading.Price: $34.46, Change: $+0.84, Percent Change: +2.50%

(Updates with market moves at the end of the day, and other changes, if any.)US stocks fell for a third straight session on Tuesday and oil prices continued to advance as Middle East developments kept traders on edge.The Nasdaq Composite tumbled 1.3% to close at 26,289.71, while the S&P 500 lost 0.7% to 7,691.76. The Dow Jones Industrial Average edged down 0.2% to 53,343.40. Most sectors were in the red, led by technology, while energy paced the gainers.West Texas Intermediate crude oil rose 0.6% to $85 a barrel, while Brent added 0.1% to $90.99. Both benchmarks were on track for their third consecutive day of gains.President Donald Trump said Tuesday that the US is not in talks with Iran, a day after a 60-day ceasefire between the two countries expired.Trump claimed that the Strait of Hormuz was "open and operating."Iran's top negotiator, Mohammad Bagher Ghalibaf, said Tuesday that the Strait of Hormuz will remain shut until the US meets the conditions of the interim deal signed in June, Reuters reported, citing state media.US Treasury yields were lower, with the 10-year yield falling 1.6 basis points to 4.71% and the two-year yield down 0.7 basis point at 4.18%.Meta Platforms (META) shares slumped nearly 4.5% as a social media addiction trial brought by 29 states got underway.Targa Resources (TRGP) jumped 7.1%, the best performer on the S&P 500. Late Monday, the company said it struck new 20-year fee-based, midstream agreements to support ExxonMobil's (XOM) development of its Permian Basin acreage. ExxonMobil rose 2.5%.Amer Sports (AS) lifted its full-year outlook as the Finnish sports equipment company reported second-quarter results above market estimates, buoyed by double-digit revenue growth across all of its segments. The stock rose 3.2%.US housing starts fell more than expected in July amid declines in both single and multi-family units, while building permits jumped to a five-month high, government data showed Tuesday.US pending home sales dropped 2.3% sequentially in July, data from the National Association of Realtors showed, while consensus was for sales to be flat in a survey compiled by Bloomberg.US industrial production increased less than expected in July as manufacturing growth decelerated, Federal Reserve data showed.Spot gold fell 1.6% to $4,343.38 per troy ounce, while silver shed 3.9% to $63.66 per ounce.
Consumer stocks were higher late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.1%.Redbook US same-store sales rose 7.6% from a year earlier in the week ended Aug. 15 after an 8.3% year-over-year increase in the previous week. Redbook noted that it is too early to tell consumer behavior is being impacted by new seasonal programs due to varying back-to-school start dates and tax-free holidays.In corporate news, Home Depot (HD) reported fiscal Q2 results above Wall Street's estimates as customers continued to take on smaller projects, while the home improvement retailer reaffirmed its full-year outlook. The shares rose 0.4%.Tapestry (TPR) shares rose 3.6% after Daiwa upgraded the stock to outperform from neutral.Walt Disney (DIS) and its ABC unit sued the US Federal Communications Commission on Tuesday to block an early review of broadcast licenses for eight ABC stations, according to multiple media reports, which cited a lawsuit filed in a Washington, D.C. federal court. Disney shares were up 0.7%.Amer Sports (AS) lifted its full-year outlook on Tuesday as the sports equipment company reported Q2 results above market estimates, buoyed by double-digit revenue growth across all of its segments. Amer shares advanced 2.7%.
Truist Securities Cuts Price Target on Amer Sports to $42 From $50, Keeps Buy Rating

(Updates with latest market prices and developments.)US stocks were lower intraday and oil prices rose as President Donald Trump said Washington is not in talks with Iran, a day after a ceasefire between the two countries expired.The Nasdaq Composite was down 1.1% at 26,341.7 after midday Tuesday, while the S&P 500 fell 0.5% to 7,703.3. The Dow Jones Industrial Average edged down 0.1% to 53,382.7. Among sectors, technology saw the steepest decline, while healthcare paced the gainers.West Texas Intermediate crude oil rose 0.7% to $85.10 a barrel, while Brent climbed 0.4% to $91.21."There are no talks or conversations going on, or scheduled, with the Islamic Republic of Iran," Trump said Tuesday in a social media post. "The naval blockade remains in full force and effect."A 60-day ceasefire agreement between the US and Iran expired on Monday, with no signs of further negotiations.Trump claimed that the Strait of Hormuz was "open and operating."Iran's top negotiator, Mohammad Bagher Ghalibaf, said Tuesday that the Strait of Hormuz will remain shut until the US meets the conditions of the interim deal signed in June, Reuters reported, citing state media.US Treasury yields were lower intraday, with the 10-year yield falling 1.4 basis points to 4.71% and the two-year yield down 0.9 basis point to 4.17%.In company news, Meta Platforms (META) was down 3.2% as a social media addition trial brought by 29 states got underway.Amer Sports (AS) lifted its full-year outlook as the Finnish sports equipment company reported second-quarter results above market estimates, buoyed by double-digit revenue growth across all of its segments. The stock rose 2.4%.In economic news, US housing starts fell more than expected in July amid declines in both single and multi-family units, while building permits jumped to a five-month high, government data showed Tuesday.US pending home sales dropped 2.3% sequentially in July, data from the National Association of Realtors showed, while consensus was for sales to be flat in a survey compiled by Bloomberg.Spot gold fell 1.1% to $4,366.04 per troy ounce, while silver shed 3.3% to $64.05 per ounce.
Consumer stocks were higher Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.5%.Redbook US same-store sales rose 7.6% from a year earlier in the week ended Aug. 15 after an 8.3% year-over-year increase in the previous week. Redbook noted that it is too early to tell consumer behavior is being impacted by new seasonal programs due to varying back-to-school start dates and tax-free holidays.In corporate news, Home Depot (HD) reported fiscal Q2 results above Wall Street's estimates as customers continued to take on smaller projects, while the home improvement retailer reaffirmed its full-year outlook. Shares rose 0.6%.Walt Disney (DIS) and its ABC unit sued the US Federal Communications Commission on Tuesday to block an early review of broadcast licenses for eight ABC stations, according to multiple media reports, which cited a lawsuit filed in a Washington, D.C. federal court. Disney shares were up 1.2%.Amer Sports (AS) lifted its full-year outlook on Tuesday as the sports equipment company reported Q2 results above market estimates, buoyed by double-digit revenue growth across all of its segments. Shares advanced 2.5%.

Amer Sports (AS) lifted its full-year outlook on Tuesday as the Finnish sports equipment company reported second-quarter results above market estimates, buoyed by double-digit revenue growth across all of its segments.The maker of Wilson tennis rackets and Salomon ski boots now anticipates adjusted earnings between $1.27 and $1.30 per share for 2026, up from its prior $1.18 to $1.23 range. The current consensus on FactSet is for non-GAAP EPS of $1.25.Revenue is pegged to grow by roughly 24% for the year, compared with a 20% to 22% jump previously projected. The Street is looking for $8.01 billion, reflecting a year over year gain of 22%."The strong position of our brands, great execution by our teams, and healthy demand trends in the market, give us the confidence to raise our full year 2026 sales, margin and EPS guidance," Chief Financial Officer Andrew Page said in a statement.Gross margin is pegged at 60.5% to 61%, up from the prior outlook of 59% to 59.5%.Amer Sports' shares listed on the New York Stock Exchange gained 4.1% in Tuesday trade, although the stock has lost 9.2% so far this year.In an emailed note last week, Truist Securities said Amer Sports was well positioned to outperform despite a tough operating environment amid its positioning in the outdoor performance market, exposure to higher-income customers and brand popularity.For the three months through June, the company's adjusted EPS jumped to $0.22 from $0.06, exceeding the average analyst estimate on FactSet of $0.11. Revenue advanced 32% to $1.63 billion, topping the Street's view for $1.54 billion."All segments, geographies, and channels achieved strong double-digit growth led by another exceptional quarter from Salomon Softgoods, a strong Arc'teryx omni-comp, and a Wilson Tennis 360 acceleration," according to Chief Executive James Zheng.Technical apparel revenue added 33% to $674.2 million, while outdoor-performance sales climbed 37% to $568.5 million. Revenue from the ball-and-racquet business grew 24%.For the ongoing quarter, Amer Sports expects adjusted EPS of $0.31 to $0.33 on revenue growth of 18% to 20%. The Street is looking for EPS of $0.37 and sales of $2.06 billion, which reflects an annual increase of 17%.Last week, athletic footwear company On Holding (ONON) tempered its full-year constant-currency sales outlook as its second-quarter revenue fell short of market estimates. In June, sportswear giant Nike (NKE) posted a year-over-year decline in its fiscal fourth-quarter revenue.Price: $34.01, Change: $+1.44, Percent Change: +4.41%
Consumer stocks were edging higher premarket Tuesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) advancing by 1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.1%.Home Depot (HD) stock was up more than 2% after the company posted higher fiscal Q2 adjusted earnings and net sales.Alibaba Group (BABA) shares were up more than 2% after Alipay said it launched a full-stack agentic AI commerce platform for merchants.Amer Sports (AS) stock was up more than 6% after the company reported higher Q2 adjusted earnings and revenue, and raised its 2026 outlook.

Amer Sports (AS) is positioned well to outperform despite a tough operating environment amid its unique positioning in the outdoor performance market, exposure to higher-income customers and brand popularity, Truist Securities said in a client note emailed Friday.The brokerage is bullish on the momentum durability of footwear brand Salomon and outdoor apparel brand Arc'teryx, with limited penetration in the US providing high visibility into meeting or exceeding the sports equipment company's five-year growth algorithm.Amer Sports' investments in Salomon have been key in generating momentum for the brand and increasing consumer awareness in the US, the note said. While the investments had previously pressured the company's near-term earnings outlook, the brokerage believes these concerns were worsened by negative signals from other brands about the health of the overall market, particularly the US channel, as well as broader footwear category concerns.Truist estimates the Americas accounted for roughly 17% and 32% of Salomon's and Arc'teryx's sales in full-year 2025, while the wholesale presence for both brands remains "very limited." The brokerage expects robust direct-to-consumer trends from both brands when the company releases its latest quarterly results next week.The current consensus on FactSet is for Amer Sports to report adjusted earnings of $0.11 per share and sales of $1.54 billion for the second quarter."We see room for upside as we expect (Amer Sports) will continue to beat and raise," Truist analyst Joseph Civello said in the note.The brokerage has a buy rating on the company's stock with a price target of $50.Earlier this week, athletic footwear company On Holding (ONON) tempered its full-year constant-currency sales growth outlook as its second-quarter revenue fell short of market estimates. In June, sportswear giant Nike (NKE) posted a year-over-year decline in its fiscal fourth-quarter revenue.Price: $33.22, Change: $+0.10, Percent Change: +0.30%
Jie Zheng, Director, Chief Executive Officer, on June 03, 2026, sold 500,000 shares in Amer Sports (AS) for $17,210,450. Following the Form 4 filing with the SEC, Zheng has control over a total of 1,262,385 ordinary shares of the company, with 1,262,385 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1988894/000198889426000082/xslF345X05/wk-form4_1780658802.xml
Wen-chang Chen, Chief Strategy Officer, on June 01, 2026, sold 13,075 shares in Amer Sports (AS) for $465,764. Following the Form 4 filing with the SEC, Chen has control over a total of 149,821 ordinary shares of the company, with 149,821 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1988894/000198889426000080/xslF345X05/wk-form4_1780483762.xml
Stuart Haselden, Chief Executive Officer of Arc'teryx Equipment, on June 01, 2026, sold 215,275 ordinary shares in Amer Sports (AS) for $7,656,766.SEC Filing:https://www.sec.gov/Archives/edgar/data/1988894/000198889426000077/xslF345X05/wk-form4_1780398559.xml
Andrew E Page, Chief Financial Officer, on May 26, 2026, sold 105,230 shares in Amer Sports (AS) for $3,867,726. Following the Form 4 filing with the SEC, Page has control over a total of 4,083 ordinary shares of the company, with 4,083 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1988894/000176934726000011/xslF345X05/wk-form4_1779919347.xml
Consumer stocks were mixed late Tuesday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 1.1%.In sector news, Redbook US same-store sales last week rose 8.1% from a year earlier after a 9.6% increase in the previous week. "Coming off last-minute Mother's Day shopping on Sunday, sales and traffic slowed across the board in the middle of the week, but picked up during the weekend as graduation, BBQ season, and warm weather approached," Redbook said.In corporate news, Estee Lauder (EL) remains in talks with Puig over a potential business combination, though there's no announcement to make yet, Reuters reported, citing Estee Lauder CEO Stephane de La Faverie. Estee Lauder shares fell 5.4%.Home Depot (HD) reported fiscal Q1 results above market expectations despite consumer uncertainty, while the home improvement retailer reiterated its full-year outlook.The shares rose 0.7%.Wall Street banks started a debt sale on behalf of Warner Bros. Discovery (WBD) comprised of a $5 billion dollar loan and a 1 billion euro ($1.16 billion) loan, Bloomberg reported. Warner Bros. shares were little changed.Amer Sports (AS) raised its full-year guidance after the Finnish sports equipment company reported better-than-expected Q1 results. Amer shares climbed 1.8%.
Consumer stocks were mixed Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 1%.In sector news, Redbook US same-store sales rose by 8.1% from a year earlier in the week ended May 16 after a 9.6% year-over-year increase in the previous week. "Coming off last-minute Mother's Day shopping on Sunday, sales and traffic slowed across the board in the middle of the week, but picked up during the weekend as graduation, BBQ season, and warm weather approached," Redbook said.In corporate news, Home Depot (HD) on Tuesday reported fiscal Q1 results above market expectations despite consumer uncertainty, while the home improvement retailer reiterated its full-year outlook. Its shares rose 0.5%.Amer Sports (AS) raised its full-year guidance on Tuesday after the Finnish sports equipment company reported better-than-expected Q1 results. Amer shares jumped past 4%.Wall Street banks started a loan sale Tuesday on behalf of Warner Bros. Discovery (WBD) comprised of a $5 billion US dollar loan and a 1 billion euro loan, Bloomberg reported. Warner Bros. shares added 0.5%.

Amer Sports (AS) raised its full-year guidance on Tuesday after the Finnish sports equipment company reported better-than-expected first-quarter results.The maker of Wilson tennis rackets and Salomon ski boots projects adjusted earnings of $1.18 to $1.23 a share in 2026, up from the prior forecast of $1.10 to $1.15. Revenue is expected to rise 20% to 22%, compared with the increase of 16% to 18% seen previously.Analysts surveyed by FactSet expect non-GAAP EPS of $1.21 and sales of $7.77 billion."Given the momentum from our highest-margin Arc'teryx franchise, accelerating Salomon Softgoods growth, plus the solid foundation of our equipment franchises, we have the confidence to raise our 2026 sales, margin and EPS guidance," Chief Financial Officer Andrew Page said in a statement.The company's shares rose 4.7% in Tuesday trading in New York. They have dropped 7.7% this year.In the three months ended March 31, adjusted EPS rose to $0.38 from $0.27 a year earlier, topping Wall Street's $0.31 consensus. Revenue jumped 32% to $1.95 billion, ahead of expectations for $1.84 billion."The investments we have been making behind our biggest opportunities are paying off in terms of both sales growth and margin expansion," Page said.Technical apparel revenue increased 33% to $885 million. Outdoor-performance sales rose 42% to $713.6 million, and ball-and-racquet revenue gained 13% to $346.9 million.Technical apparel revenue in 2026 is expected to rise by 22% to 24%, up from the prior outlook for a gain of 18% to 20%, the company said. Estimates for the other two divisions were also boosted.Amer Sports expects adjusted EPS of $0.08 to $0.10 in the second quarter on revenue growth of 22% to 24%. Analysts project non-GAAP EPS of $0.08 and sales of $1.49 billion.Price: $34.65, Change: $+1.50, Percent Change: +4.52%
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.4% and the actively traded Invesco QQQ Trust (QQQ) was 0.7% lower in Tuesday's premarket activity amid uncertainty surrounding US-Iran negotiations.US stock futures were also lower, with S&P 500 Index futures down 0.4%, Dow Jones Industrial Average futures slipping 0.2%, and Nasdaq futures retreating 0.6% before the start of regular trading.The pending home sales data for April will be released at 10 am ET.In premarket activity, bitcoin was down by 0.2%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.3% lower, Ether ETF (EETH) retreated 0.7%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined by 0.02%.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 1%, and the iShares US Technology ETF (IYW) was 0.6% lower, while the iShares Expanded Tech Sector ETF (IGM) was down 0.3%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) declined by 3.4%, while the iShares Semiconductor ETF (SOXX) fell by 1.7%.Agilysys (AGYS) shares were up more than 23% in premarket activity after the company overnight reported fiscal Q4 earnings and sales above market expectations.Winners and Losers:HealthcareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.04%, the Vanguard Health Care Index Fund (VHT) was down 0.04%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was up 0.3%.Relay Therapeutics (RLAY) stock was up more than 9% premarket after the company said that the early phase 2 data showed its experimental drug zovegalisib reduced lesion volume in patients with rare vascular anomalies linked to PIK3CA mutations.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.01%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.1% higher.XP (XP) shares were down 5.2% in premarket activity after the company overnight reported Q1 results that fell short of analyst expectations.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.1%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was 0.4% lower. The iShares US Consumer Staples ETF (IYK) was flat. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.7%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.7% higher.Amer Sports (AS) shares were up more than 3% pre-bell after the company reported Q1 adjusted earnings and revenue.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated 0.1%, while the Vanguard Industrials Index Fund (VIS) was 0.1% lower, and the iShares US Industrials ETF (IYJ) gained 0.2%.Allegiant Travel (ALGT) stock was down more than 1% before the opening bell after the company said it is launching eight new nonstop routes beginning in fall 2026, expanding service across Florida leisure markets.EnergyThe iShares US Energy ETF (IYE) was 1.3%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.4%.Equinor (EQNR) stock was up more than 1% before the opening bell after the company said it signed a 5-year agreement with Eneco to supply natural gas from the Norwegian continental shelf.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 0.3% to $108.38 per barrel on the New York Mercantile Exchange. Natural gas was up 1.2% at $3.06 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 1.5%, while the United States Natural Gas Fund (UNG) was 1.2% higher.Gold futures for May retreated by 0.5% to $4,534.30 an ounce on the Comex. Silver futures fell by 1.7% to $76.13 an ounce. SPDR Gold Shares (GLD) was down by 0.3%, and the iShares Silver Trust (SLV) declined by 1.5%.
Consumer stocks were leaning lower premarket Tuesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) declining by 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.7%.Amer Sports (AS) shares were up more than 4% after the company posted higher Q1 adjusted earnings and revenue, and raised its 2026 outlook.MakeMyTrip (MMYT) stock was down more than 4% after the company reported a decline in fiscal Q4 adjusted earnings.Home Depot (HD) shares were down more than 1% after the company reported lower fiscal Q1 adjusted earnings.
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