Banque Cantonale Vaudoise Takes Position in On Holding AG (NYSE:ONON)

Key Points

• Banque Cantonale Vaudoise acquired 68,227 shares of On Holding AG valued at approximately $2,997,000 during the first quarter of the year.
• The stock of On Holding AG has seen a recent decrease, trading down 2.0% to $50.69, amidst a market capitalization of $31.92 billion.
• Analysts have varied opinions on ONON stock, with target prices ranging from $44.00 to $69.00, and an overall average rating of "Moderate Buy".

Banque Cantonale Vaudoise acquired a new position in shares of On Holding AG (NYSE:ONON - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 68,227 shares of the company's stock, valued at approximately $2,997,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. CWM LLC raised its stake in ON by 22.2% during the first quarter. CWM LLC now owns 1,259 shares of the company's stock worth $55,000 after acquiring an additional 229 shares during the period. Sage Capital Advisors llc boosted its stake in ON by 0.3% during the 1st quarter. Sage Capital Advisors llc now owns 100,329 shares of the company's stock valued at $4,406,000 after purchasing an additional 269 shares during the period. TCTC Holdings LLC grew its holdings in ON by 118.4% in the 1st quarter. TCTC Holdings LLC now owns 581 shares of the company's stock worth $26,000 after buying an additional 315 shares in the last quarter. CreativeOne Wealth LLC grew its holdings in ON by 2.4% in the 4th quarter. CreativeOne Wealth LLC now owns 13,574 shares of the company's stock worth $743,000 after buying an additional 323 shares in the last quarter. Finally, Merit Financial Group LLC increased its stake in ON by 2.9% during the 1st quarter. Merit Financial Group LLC now owns 12,275 shares of the company's stock valued at $539,000 after buying an additional 348 shares during the period. Institutional investors and hedge funds own 36.39% of the company's stock.

ON Stock Down 2.0%

ONON stock traded down $1.06 during mid-day trading on Wednesday, hitting $50.69. The stock had a trading volume of 5,531,019 shares, compared to its average volume of 4,545,541. The company has a current ratio of 2.80, a quick ratio of 2.18 and a debt-to-equity ratio of 0.19. On Holding AG has a 1-year low of $34.59 and a 1-year high of $64.05. The company has a fifty day moving average of $54.46 and a 200 day moving average of $51.60. The stock has a market capitalization of $31.92 billion, a price-to-earnings ratio of 72.41, a PEG ratio of 2.91 and a beta of 2.25.

Analyst Ratings Changes

Several research firms have commented on ONON. Truist Financial raised their target price on shares of ON from $61.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Cowen reissued a "buy" rating on shares of ON in a report on Wednesday, May 14th. Jefferies Financial Group started coverage on shares of ON in a report on Tuesday, April 1st. They issued a "hold" rating and a $44.00 price target for the company. Raymond James Financial downgraded shares of ON from a "strong-buy" rating to an "outperform" rating and set a $66.00 price target for the company. in a report on Tuesday, July 22nd. Finally, Morgan Stanley cut their price target on shares of ON from $66.00 to $62.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $64.00.

ON Profile

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.