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

Peregrine Capital Management LLC raised its stake in On Holding AG (NYSE:ONON - Free Report) by 3.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Park Square Financial Group LLC acquired a new stake in shares of ON in the fourth quarter valued at approximately $32,000. MassMutual Private Wealth & Trust FSB bought a new stake in shares of ON during the 1st quarter worth $32,000. Bernard Wealth Management Corp. acquired a new stake in ON during the 4th quarter worth about $44,000. MorganRosel Wealth Management LLC acquired a new position in ON in the 1st quarter worth approximately $48,000. Finally, Parallel Advisors LLC raised its position in ON by 53.4% during the first quarter. Parallel Advisors LLC now owns 1,292 shares of the company's stock valued at $57,000 after buying an additional 450 shares during the period. 36.39% of the stock is owned by institutional investors and hedge funds.

ON Stock Performance

Shares of ONON traded up $0.55 during midday trading on Thursday, reaching $54.25. The stock had a trading volume of 3,203,823 shares, compared to its average volume of 4,660,720. The company has a current ratio of 2.80, a quick ratio of 2.18 and a debt-to-equity ratio of 0.19. The firm has a market cap of $34.16 billion, a PE ratio of 77.49, a P/E/G ratio of 2.95 and a beta of 2.25. On Holding AG has a one year low of $34.59 and a one year high of $64.05. The firm has a 50 day simple moving average of $54.02 and a 200-day simple moving average of $52.05.

Analysts Set New Price Targets

Several research firms have recently commented on ONON. Telsey Advisory Group restated an "outperform" rating and set a $65.00 price target on shares of ON in a report on Tuesday, May 13th. Barclays set a $68.00 price target on ON in a report on Wednesday, May 14th. Robert W. Baird lifted their price objective on ON from $63.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, May 14th. Hsbc Global Res upgraded ON from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, KeyCorp raised their price objective on shares of ON from $60.00 to $68.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, ON currently has a consensus rating of "Buy" and a consensus target price of $63.85.

ON Company 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.