ON (NYSE:ONON) Sets New 1-Year High at $37.31

Shares of On Holding AG (NYSE:ONON - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $37.31 and last traded at $34.97, with a volume of 6270740 shares trading hands. The stock had previously closed at $30.69.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Barclays started coverage on shares of ON in a research report on Monday, April 1st. They set an "overweight" rating and a $38.00 target price on the stock. Morgan Stanley upped their target price on ON from $32.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, May 6th. Piper Sandler lifted their price target on ON from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Thursday, March 21st. Evercore ISI decreased their price objective on ON from $40.00 to $37.00 and set an "outperform" rating for the company in a research note on Wednesday, March 13th. Finally, William Blair assumed coverage on ON in a research note on Tuesday, April 16th. They issued an "outperform" rating on the stock. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, ON has an average rating of "Moderate Buy" and an average price target of $37.53.

ON Trading Up 18.3 %

The stock has a market capitalization of $22.86 billion, a price-to-earnings ratio of 133.22, a PEG ratio of 1.07 and a beta of 2.17. The stock has a 50-day moving average price of $33.01 and a 200 day moving average price of $30.22.

ON (NYSE:ONON - Get Free Report) last posted its quarterly earnings data on Tuesday, March 12th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.18). The business had revenue of $504.69 million during the quarter, compared to analysts' expectations of $515.30 million. ON had a net margin of 4.04% and a return on equity of 6.85%. Equities research analysts anticipate that On Holding AG will post 0.65 earnings per share for the current year.

Institutional Trading of ON

A number of institutional investors have recently made changes to their positions in the company. Spire Wealth Management lifted its position in ON by 91.0% during the third quarter. Spire Wealth Management now owns 972 shares of the company's stock worth $27,000 after buying an additional 463 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new position in shares of ON during the 4th quarter valued at about $32,000. Orion Capital Management LLC grew its holdings in shares of ON by 1,100.0% in the fourth quarter. Orion Capital Management LLC now owns 1,200 shares of the company's stock valued at $32,000 after purchasing an additional 1,100 shares during the period. Global Wealth Management Investment Advisory Inc. acquired a new stake in ON during the fourth quarter worth about $33,000. Finally, Asset Dedication LLC acquired a new position in ON in the 3rd quarter valued at about $35,000. 33.11% of the stock is owned by institutional investors and hedge funds.

About ON

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.