Villere ST Denis J & Co. LLC Sells 8,457 Shares of On Holding AG $ONON

Key Points

• Villere ST Denis J & Co. LLC reduced its stake in On Holding AG (NYSE: ONON) by 1.2%, selling 8,457 shares and now holding approximately 677,434 shares.
• Various analysts have set new price targets for ONON, with UBS raising the target from $75.00 to $79.00, while Raymond James downgraded the stock from "strong-buy" to "outperform."
• Shares of ON opened at $41.93, with a market cap of $26.40 billion, reflecting a current downturn of 3.2% in recent trading.

Villere ST Denis J & Co. LLC lowered its stake in On Holding AG (NYSE:ONON - Free Report) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 677,434 shares of the company's stock after selling 8,457 shares during the quarter. ON comprises about 3.4% of Villere ST Denis J & Co. LLC's portfolio, making the stock its 7th biggest holding. Villere ST Denis J & Co. LLC owned about 0.11% of ON worth $35,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of ONON. Montag A & Associates Inc. purchased a new stake in ON during the first quarter worth about $26,000. TCTC Holdings LLC increased its stake in ON by 118.4% during the first quarter. TCTC Holdings LLC now owns 581 shares of the company's stock worth $26,000 after purchasing an additional 315 shares during the period. Smartleaf Asset Management LLC increased its stake in ON by 3,392.6% during the first quarter. Smartleaf Asset Management LLC now owns 943 shares of the company's stock worth $42,000 after purchasing an additional 916 shares during the period. Ramirez Asset Management Inc. purchased a new stake in ON during the first quarter worth about $44,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in ON during the first quarter worth about $48,000. Institutional investors and hedge funds own 36.39% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ONON. Raymond James Financial lowered shares of ON from a "strong-buy" rating to an "outperform" rating and set a $66.00 price target on the stock. in a research note on Tuesday, July 22nd. Weiss Ratings restated a "sell (d+)" rating on shares of ON in a research note on Wednesday. UBS Group raised 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 reaffirmed an "outperform" rating and issued a $65.00 target price on shares of ON in a report on Thursday, August 7th. Finally, Barclays raised their target price on shares of ON from $68.00 to $69.00 and gave the company an "overweight" rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $64.20.

ON Stock Down 3.2%

Shares of NYSE:ONON opened at $41.93 on Friday. The stock has a market cap of $26.40 billion, a price-to-earnings ratio of 93.18, a price-to-earnings-growth ratio of 5.38 and a beta of 2.19. On Holding AG has a fifty-two week low of $34.59 and a fifty-two week 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. The firm's 50 day moving average price is $44.61 and its 200 day moving average price is $48.68.

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.

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