Shares of On Holding AG (NYSE:ONON - Get Free Report) have received an average rating of "Moderate Buy" from the twenty-six research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $44.75.
Several analysts have weighed in on the company. BMO Capital Markets initiated coverage on ON in a report on Tuesday, September 8th. They set a "market perform" rating and a $28.00 price objective for the company. William Blair cut shares of ON from an "outperform" rating to a "market perform" rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. assumed coverage on shares of ON in a report on Thursday, July 2nd. They set an "overweight" rating and a $51.00 target price for the company. Guggenheim set a $42.00 price target on ON in a research note on Friday. Finally, The Goldman Sachs Group set a $42.00 price target on ON in a research report on Wednesday, August 12th.
View Our Latest Stock Report on ONON
Insider Activity
In related news, insider Olivier Bernhard bought 65,000 shares of the firm's stock in a transaction dated Friday, August 14th. The stock was bought at an average cost of $30.67 per share, for a total transaction of $1,993,550.00. Following the transaction, the insider owned 5,228,184 shares of the company's stock, valued at $160,348,403.28. This represents a 1.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Caspar Coppetti bought 65,000 shares of the firm's stock in a transaction dated Friday, August 14th. The shares were bought at an average price of $30.67 per share, with a total value of $1,993,550.00. Following the completion of the transaction, 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.
Institutional Trading of ON
A number of hedge funds have recently modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new position in ON during the second quarter valued at approximately $223,000. Capital Analysts LLC raised its holdings in ON by 15.5% in the second quarter. Capital Analysts LLC now owns 6,049 shares of the company's stock worth $214,000 after purchasing an additional 810 shares during the period. NewEdge Advisors LLC raised its holdings in ON by 26.8% in the second quarter. NewEdge Advisors LLC now owns 25,494 shares of the company's stock worth $903,000 after purchasing an additional 5,394 shares during the period. California State Teachers Retirement System boosted its position in shares of ON by 812.6% during the second quarter. California State Teachers Retirement System now owns 113,061 shares of the company's stock worth $4,005,000 after purchasing an additional 100,672 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its position in shares of ON by 44.1% during the second quarter. TD Waterhouse Canada Inc. now owns 18,378 shares of the company's stock worth $654,000 after purchasing an additional 5,625 shares in the last quarter. 36.39% of the stock is currently owned by institutional investors and hedge funds.
ON Stock Performance
Shares of ON stock opened at $27.46 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.83 and a quick ratio of 2.25. The firm has a market cap of $17.53 billion, a P/E ratio of 18.68, a P/E/G ratio of 0.56 and a beta of 2.08. The firm has a 50 day simple moving average of $33.25 and a 200 day simple moving average of $36.01. ON has a fifty-two week low of $26.60 and a fifty-two week high of $51.08.
ON (NYSE:ONON - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.07). The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.09 billion. ON had a return on equity of 22.92% and a net margin of 12.09%.The firm's quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) EPS. Sell-side analysts predict that ON will post 1.47 earnings per share for the current fiscal year.
ON Company Profile
(
Get Free Report)
On Holding AG, known as On, is a Swiss sportswear company that develops and sells performance footwear, apparel and accessories. The company is particularly recognized for its running shoes, which incorporate proprietary technologies such as CloudTec cushioning and Speedboard components designed to support comfort, responsiveness and energy return.
On serves athletes and consumers across categories including running, outdoor activities, training and everyday performance. Its products are sold through the company's direct-to-consumer channels, including its website and branded retail stores, as well as through a network of wholesale partners in markets around the world.
On was founded in 2010 in Switzerland by Olivier Bernhard, David Allemann and Caspar Coppetti.
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