Villere ST Denis J & Co. LLC Decreases Position in On Holding AG (NYSE:ONON)

Villere ST Denis J & Co. LLC cut its holdings in On Holding AG (NYSE:ONON - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 685,891 shares of the company's stock after selling 14,540 shares during the period. ON accounts for 2.9% of Villere ST Denis J & Co. LLC's investment portfolio, making the stock its 15th biggest position. Villere ST Denis J & Co. LLC owned approximately 0.11% of ON worth $30,124,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Keystone Investors PTE Ltd. boosted its holdings in ON by 0.8% in the 4th quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company's stock worth $1,639,000 after buying an additional 228 shares during the period. Sage Capital Advisors llc boosted its holdings in ON by 0.3% in the 1st quarter. Sage Capital Advisors llc now owns 100,329 shares of the company's stock worth $4,406,000 after buying an additional 269 shares during the period. CreativeOne Wealth LLC boosted 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 during the period. Atria Investments Inc boosted its holdings in ON by 6.6% in the 4th quarter. Atria Investments Inc now owns 5,515 shares of the company's stock worth $302,000 after buying an additional 341 shares during the period. Finally, Merit Financial Group LLC boosted its holdings in ON by 2.9% in the 1st quarter. Merit Financial Group LLC now owns 12,275 shares of the company's stock worth $539,000 after buying an additional 348 shares during the period. 36.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ONON. Robert W. Baird raised their price target on shares of ON from $63.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, May 14th. Cowen reissued a "buy" rating on shares of ON in a report on Wednesday, May 14th. Needham & Company LLC raised their price target on shares of ON from $55.00 to $62.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Barclays set a $68.00 price target on shares of ON in a report on Wednesday, May 14th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $65.00 price target on shares of ON in a report on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, ON has a consensus rating of "Buy" and an average price target of $63.85.

ON Trading Up 1.8%

NYSE:ONON traded up $0.94 during trading hours on Friday, reaching $52.53. The company's stock had a trading volume of 26,312,064 shares, compared to its average volume of 4,640,408. The firm has a market capitalization of $33.08 billion, a price-to-earnings ratio of 75.05, a PEG ratio of 2.95 and a beta of 2.35. The firm has a 50-day simple moving average of $53.42 and a 200-day simple moving average of $52.15. On Holding AG has a 1 year low of $34.59 and a 1 year high of $64.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.18 and a current ratio of 2.80.

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.