Toth Financial Advisory Corp Buys 6,800 Shares of On Holding AG $ONON

Key Points

• Toth Financial Advisory Corp increased its position in On Holding AG by 91.3%, owning 14,250 shares valued at $742,000 after purchasing additional shares in Q2.
• Multiple institutional investors boosted their stakes in On Holding AG, with notable acquisitions from Bison Wealth LLC and Royal Bank of Canada.
• Analyst ratings for On Holding AG show a consensus rating of "Moderate Buy" with a target price averaging around $64.20.

Toth Financial Advisory Corp boosted its holdings in On Holding AG (NYSE:ONON - Free Report) by 91.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 14,250 shares of the company's stock after buying an additional 6,800 shares during the period. Toth Financial Advisory Corp's holdings in ON were worth $742,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new position in shares of ON in the fourth quarter valued at $32,000. TCTC Holdings LLC raised its position in shares of ON by 118.4% in the 1st quarter. TCTC Holdings LLC now owns 581 shares of the company's stock worth $26,000 after acquiring an additional 315 shares in the last quarter. Montag A & Associates Inc. bought a new stake in ON during the first quarter valued at about $26,000. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of ON in the first quarter valued at approximately $32,000. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of ON during the fourth quarter valued at $44,000. 36.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on ONON shares. Telsey Advisory Group restated an "outperform" rating and issued a $65.00 price target on shares of ON in a research note on Thursday, August 7th. Jefferies Financial Group set a $40.00 price objective on shares of ON and gave the stock an "underperform" rating in a research note on Wednesday, August 13th. Raymond James Financial downgraded shares of ON from a "strong-buy" rating to an "outperform" rating and set a $66.00 target price on the stock. in a report on Tuesday, July 22nd. Needham & Company LLC restated a "buy" rating and set a $62.00 price target on shares of ON in a report on Tuesday, August 12th. Finally, UBS Group lifted their price target on ON from $75.00 to $79.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued 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, ON currently has an average rating of "Moderate Buy" and an average target price of $64.20.

ON Stock Up 0.7%

Shares of ONON traded up $0.34 during mid-day trading on Monday, reaching $45.57. The company's stock had a trading volume of 5,569,529 shares, compared to its average volume of 4,744,612. On Holding AG has a 12-month low of $34.59 and a 12-month high of $64.05. The stock has a market cap of $28.69 billion, a PE ratio of 101.26, a price-to-earnings-growth ratio of 5.84 and a beta of 2.23. The company's 50 day moving average is $46.94 and its 200 day moving average is $49.05. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 2.00.

About ON

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.