Why Amer Sports (AS) Stock Is Up Today

Amer Sports (AS) is up 3.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely catalyst is a fresh bullish analyst initiation from Jefferies, which started coverage with a Buy rating and a $42 price target. The move also appears to be supported by the company’s still-recent guidance increases and investor-day commentary highlighting continued growth in Arc’teryx, Salomon Softgoods, and Wilson Tennis 360.

Details:

Jefferies initiated coverage on October 13, 2026 with a Buy rating and described Amer Sports as a portfolio of premium brands with durable growth runways.

The analyst note pointed to Salomon as an increasingly important second growth engine, while Arc’teryx demand is expanding more broadly beyond China into Western markets.

Amer Sports previously raised its third-quarter 2026 revenue growth outlook to 20% to 22%, up from 18% to 20%, and said operating margin should come in slightly above the prior high end.

In its second-quarter release, the company also raised full-year 2026 revenue, margin, and earnings guidance after reporting strong double-digit growth across all regions and business segments.

Sources:

SEC, Amer Sports Investor Relations, TipRanks, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$AS Insider Trading Activity

$AS insiders have traded $AS stock on the open market 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.

Here’s a breakdown of recent trading of $AS stock by insiders over the last 6 months:

JIE (JAMES) ZHENG (Chief Executive Officer) sold 500,000 shares for an estimated $17,210,450
STUART HASELDEN (CEO of Arc'teryx Equipment) has made 0 purchases and 3 sales selling 226,713 shares for an estimated $8,071,507.
ANDREW E PAGE (Chief Financial Officer) has made 0 purchases and 4 sales selling 113,257 shares for an estimated $4,143,357.
WEN-CHANG (VICTOR) CHEN (Chief Strategy Officer) has made 0 purchases and 2 sales selling 130,536 shares for an estimated $3,589,803.
JUTTA C KARLSSON (General Counsel) sold 662 shares for an estimated $24,004

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$AS Hedge Fund Activity

We have seen 221 institutional investors add shares of $AS stock to their portfolio, and 135 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ARTISAN PARTNERS LIMITED PARTNERSHIP removed 4,594,419 shares (-97.0%) from their portfolio in Q2 2026, for an estimated $155,475,138
D. E. SHAW & CO., INC. removed 4,379,624 shares (-50.8%) from their portfolio in Q2 2026, for an estimated $148,206,476
JUNTO CAPITAL MANAGEMENT LP added 2,646,364 shares (+583.8%) to their portfolio in Q2 2026, for an estimated $89,552,957
FMR LLC added 2,448,010 shares (+9.8%) to their portfolio in Q2 2026, for an estimated $82,840,658
WESTFIELD CAPITAL MANAGEMENT CO LP added 2,407,402 shares (+61.1%) to their portfolio in Q2 2026, for an estimated $81,466,483
JANE STREET GROUP, LLC removed 2,279,899 shares (-94.0%) from their portfolio in Q2 2026, for an estimated $77,151,782
BALYASNY ASSET MANAGEMENT L.P. removed 2,229,684 shares (-55.7%) from their portfolio in Q2 2026, for an estimated $75,452,506

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$AS Price Targets

Multiple analysts have issued price targets for $AS recently. We have seen 2 analysts offer price targets for $AS in the last 6 months, with a median target of $56.0.

Here are some recent targets:

Joseph Civello from Truist Securities set a target price of $50.0 on 05/20/2026
Jay Sole from UBS set a target price of $62.0 on 05/20/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.