Peregrine Capital Management LLC Has $8.04 Million Stock Holdings in On Holding AG (NYSE:ONON)

Peregrine Capital Management LLC boosted its holdings in On Holding AG (NYSE:ONON - Free Report) by 3.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 183,070 shares of the company's stock after acquiring an additional 6,114 shares during the period. Peregrine Capital Management LLC's holdings in ON were worth $8,040,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in ON in the 4th quarter worth about $39,119,000. APEIRON CAPITAL Ltd boosted its position in shares of ON by 35.9% during the first quarter. APEIRON CAPITAL Ltd now owns 999,125 shares of the company's stock worth $43,882,000 after buying an additional 264,000 shares during the period. Raymond James Financial Inc. bought a new position in ON in the 4th quarter worth approximately $28,575,000. Gerber Kawasaki Wealth & Investment Management grew its holdings in ON by 14.7% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 62,281 shares of the company's stock worth $3,411,000 after buying an additional 7,960 shares in the last quarter. Finally, Atala Financial Inc acquired a new stake in ON in the 4th quarter valued at approximately $1,067,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.

ON Trading Down 0.8%

NYSE ONON traded down $0.44 on Monday, hitting $52.05. 4,837,926 shares of the company were exchanged, compared to its average volume of 4,630,772. On Holding AG has a twelve month low of $34.59 and a twelve month high of $64.05. The company's 50 day moving average price is $53.42 and its 200-day moving average price is $52.07. The firm has a market capitalization of $32.77 billion, a P/E ratio of 74.36, a price-to-earnings-growth ratio of 3.00 and a beta of 2.35. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.80 and a quick ratio of 2.18.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Williams Trading increased their price target on ON from $60.00 to $62.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Raymond James Financial reiterated a "strong-buy" rating on shares of ON in a research report on Wednesday, May 14th. Evercore ISI boosted their price target on shares of ON from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. Piper Sandler reiterated an "overweight" rating on shares of ON in a report on Tuesday, May 13th. Finally, Jefferies Financial Group assumed coverage on ON in a report on Tuesday, April 1st. They set a "hold" rating and a $44.00 target price on the stock. Two analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, ON has an average rating of "Buy" and an average target price of $63.85.

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.