15,360 Shares in On Holding AG $ONON Bought by Chickasaw Capital Management LLC

Key Points

• Chickasaw Capital Management LLC has acquired 15,360 shares of On Holding AG, valued at approximately $799,000, signaling increased institutional interest in the stock.
• On Holding AG's stock currently has a market capitalization of $27.58 billion and a P/E ratio of 97.34, with a 52-week low of $34.59 and a high of $64.05.
• Analysts have varying perspectives on ONON, with targets ranging from $40.00 to $69.00, reflecting diverse opinions on the stock's future performance.

Chickasaw Capital Management LLC purchased a new position in shares of On Holding AG (NYSE:ONON - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,360 shares of the company's stock, valued at approximately $799,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new stake in ON during the 4th quarter worth about $32,000. TCTC Holdings LLC lifted its position in ON by 118.4% during 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. Montag A & Associates Inc. bought a new stake in ON during the 1st quarter worth about $26,000. MassMutual Private Wealth & Trust FSB bought a new stake in shares of ON in the 1st quarter valued at about $32,000. Finally, Bernard Wealth Management Corp. bought a new stake in shares of ON in the 4th quarter valued at about $44,000. 36.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ONON. UBS Group upped their target price on shares of ON from $75.00 to $79.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Telsey Advisory Group reissued an "outperform" rating and issued a $65.00 price target on shares of ON in a report on Thursday, August 7th. Jefferies Financial Group set a $40.00 target price on ON and gave the company an "underperform" rating in a research report on Wednesday, August 13th. Needham & Company LLC reissued a "buy" rating and set a $62.00 price target on shares of ON in a report on Tuesday, August 12th. Finally, Raymond James Financial cut 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. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $64.20.

ON Trading Up 0.5%

Shares of ONON stock traded up $0.23 during trading hours on Friday, hitting $45.22. 6,126,229 shares of the company's stock traded hands, compared to its average volume of 4,729,396. The stock's 50 day simple moving average is $47.09 and its 200 day simple moving average is $49.06. The stock has a market cap of $28.47 billion, a PE ratio of 100.49, a price-to-earnings-growth ratio of 5.84 and a beta of 2.23. On Holding AG has a 12 month low of $34.59 and a 12 month high of $64.05. The company has a quick ratio of 2.00, a current ratio of 2.53 and a debt-to-equity ratio of 0.31.

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.