Whittier Trust Co. lifted its stake in On Holding AG (NYSE:ONON - Free Report) by 154.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,599 shares of the company's stock after buying an additional 70,840 shares during the quarter. Whittier Trust Co.'s holdings in ON were worth $6,068,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of ONON. Stratos Wealth Partners LTD. boosted its position in ON by 16.7% during the second quarter. Stratos Wealth Partners LTD. now owns 33,507 shares of the company's stock worth $1,744,000 after purchasing an additional 4,800 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in ON during the second quarter worth approximately $3,321,000. Harbour Investments Inc. boosted its position in ON by 69.9% during the second quarter. Harbour Investments Inc. now owns 4,578 shares of the company's stock worth $238,000 after purchasing an additional 1,884 shares in the last quarter. TD Asset Management Inc boosted its position in ON by 41.6% during the second quarter. TD Asset Management Inc now owns 370,200 shares of the company's stock worth $19,269,000 after purchasing an additional 108,800 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in ON during the second quarter worth approximately $248,000. Hedge funds and other institutional investors own 36.39% of the company's stock.
ON Price Performance
NYSE:ONON opened at $42.94 on Wednesday. On Holding AG has a one year low of $34.59 and a one year high of $64.05. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.00 and a current ratio of 2.53. The stock has a market cap of $27.04 billion, a PE ratio of 95.43, a P/E/G ratio of 5.15 and a beta of 2.19. The stock has a 50 day moving average price of $43.96 and a 200 day moving average price of $48.67.
ON (NYSE:ONON - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.24 by ($0.35). ON had a net margin of 4.45% and a return on equity of 8.75%. The company had revenue of $944.29 million during the quarter, compared to analyst estimates of $707.74 million. During the same period in the prior year, the business posted $0.14 EPS. ON's revenue for the quarter was up 32.0% compared to the same quarter last year. ON has set its FY 2025 guidance at EPS. Equities research analysts expect that On Holding AG will post 0.66 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Raymond James Financial lowered their price target on ON from $66.00 to $55.00 and set an "outperform" rating on the stock in a research report on Tuesday. Morgan Stanley increased their target price on ON from $62.00 to $65.00 and gave the company an "overweight" rating in a report on Wednesday, August 13th. Barclays increased their target price on ON from $68.00 to $69.00 and gave the company an "overweight" rating in a report on Wednesday, August 13th. UBS Group increased their target price on ON from $75.00 to $79.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, Jefferies Financial Group set a $40.00 target price on ON and gave the company an "underperform" 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 issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $63.10.
View Our Latest Research Report on ONON
ON Company Profile
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Free Report)
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.
Further Reading
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