Shares of On Holding AG (NYSE:ONON – Get Free Report) have been given an average recommendation of “Moderate Buy” by the twenty-eight ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, twenty have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $43.17.
Several research firms recently weighed in on ONON. Wall Street Zen cut shares of ON from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Bank of America decreased their price objective on ON from $46.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, September 17th. Citigroup reissued a “buy” rating on shares of ON in a research note on Wednesday, September 23rd. KeyCorp restated an “overweight” rating on shares of ON in a research report on Monday, September 28th. Finally, Guggenheim set a $42.00 price target on ON in a research note on Friday, September 11th.
Get Our Latest Stock Analysis on ONON
Insider Buying and Selling
In other ON news, insider Olivier Bernhard acquired 65,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average cost of $30.67 per share, for a total transaction of $1,993,550.00. Following the completion of the acquisition, the insider directly owned 5,228,184 shares of the company’s stock, valued at approximately $160,348,403.28. This represents a 1.26% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Caspar Coppetti bought 65,000 shares of the stock in a transaction on Friday, August 14th. The shares were acquired at an average cost of $30.67 per share, with a total value of $1,993,550.00. Following the acquisition, the chief executive officer directly owned 2,440,855 shares in the company, valued at approximately $74,861,022.85. This trade represents a 2.74% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 68.57% of the company’s stock.
Institutional Investors Weigh In On ON
Institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its position in shares of ON by 2.3% in the second quarter. Wellington Management Group LLP now owns 2,751,615 shares of the company’s stock worth $97,462,000 after purchasing an additional 62,404 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in ON by 89.6% during the first quarter. Quantinno Capital Management LP now owns 66,947 shares of the company’s stock worth $2,278,000 after purchasing an additional 31,641 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in ON in the first quarter valued at $5,694,000. Ogborne Capital Management LLC grew its position in ON by 34.2% in the fourth quarter. Ogborne Capital Management LLC now owns 845,549 shares of the company’s stock valued at $39,301,000 after purchasing an additional 215,549 shares in the last quarter. Finally, APEIRON CAPITAL Ltd increased its stake in ON by 25.2% in the 1st quarter. APEIRON CAPITAL Ltd now owns 996,052 shares of the company’s stock valued at $33,886,000 after buying an additional 200,200 shares during the last quarter. 36.39% of the stock is owned by institutional investors and hedge funds.
ON Trading Up 3.0%
Shares of ONON opened at $35.05 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.25 and a current ratio of 2.83. The company has a market cap of $22.37 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 0.67 and a beta of 2.08. The stock has a fifty day moving average price of $30.59 and a two-hundred day moving average price of $34.51. ON has a 52-week low of $26.36 and a 52-week high of $51.08.
ON (NYSE:ONON – Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.07). ON had a return on equity of 22.92% and a net margin of 12.09%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted ($0.09) EPS. ON’s revenue for the quarter was up 13.5% on a year-over-year basis. Analysts predict that ON will post 1.51 EPS for the current fiscal year.
ON Company Profile
On Holding AG, trading on the New York Stock Exchange under the symbol ONON, is a Swiss sportswear company focused on performance footwear, apparel and accessories. The company serves athletes and active consumers with products designed for running, training, outdoor activities and everyday wear.
On is best known for its running shoes, which incorporate the company’s CloudTec cushioning technology and distinctive sole designs. Its product portfolio also includes athletic clothing, apparel and accessories, with offerings positioned across both performance and lifestyle categories.
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