AS

LONGINSIDER SELL

AMER SPORTS INC

Funds

Score

4.00

vs SPY

-8.2%

Stock return (since Q-end)

+8.1%

SPY return (since Q-end)

+16.3%

Current price

$35.58

News Summary

Positive

Amer Sports delivered strong Q1 2026 results with 32% revenue growth, beat EPS expectations by 23% ($0.38 vs. $0.31 consensus), and raised full-year guidance to 20-22% revenue growth with adjusted EPS of $1.18-$1.23. The company also successfully retired $720M in debt via equity offering, reducing leverage to 0.4x and earning S&P credit rating affirmation with stable outlook.

Red flags

•Ball & Racquet Sports adjusted operating margin compressed significantly from 7.3% to 3.6% despite 13% revenue growth, signaling profitability pressure in key segment
•CEO insider selling of ~$415K worth of shares at $36.26 in mid-April, shortly before May earnings beat announcement
•Guidance assumes tariff rates under IEEPA remain elevated through 2026; freight cost insulation expires as contracts reset, creating margin risk

Funds Buying (3)

Fund	Manager	Shares Held	∆ Shares	Position Value	QoQ	Status
Point72	Steve Cohen	9.9M	+9.9M	$326.3B	—	NEW
Viking Global	Andreas Halvorsen	7.3M	+2.5M	$239.3B	+51%	Existing
Soros Fund Management	Soros Family Office	41K	+41K	$1.3B	—	NEW

Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter.

Insider Activity

Name	Title	Type	Shares	Price	Value	Filed
Page Andrew E	Chief Financial Officer	SELL	97K	$36.75	$3.58M	2026-05-26
Page Andrew E	Chief Financial Officer	SELL	8K	$36.78	$0.28M	2026-05-26
Karlsson Jutta C	General Counsel	SELL	662	$36.26	$0.02M	2026-04-16
Haselden Stuart	CEO of Arc'teryx Equipment	SELL	11K	$36.26	$0.41M	2026-04-16
Page Andrew E	Chief Financial Officer	SELL	6K	$36.26	$0.22M	2026-04-16
Karlsson Jutta C	General Counsel	SELL	457	$33.28	$0.02M	2026-04-02
Haselden Stuart	CEO of Arc'teryx Equipment	SELL	7K	$33.28	$0.22M	2026-04-02
Page Andrew E	Chief Financial Officer	SELL	2K	$33.28	$0.07M	2026-04-02