On Holding AG (NYSE:ONON) Holdings Decreased by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC decreased its position in On Holding AG (NYSE:ONON - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,413,553 shares of the company's stock after selling 56,009 shares during the period. ON makes up 3.1% of Villere ST Denis J & Co. LLC's holdings, making the stock its 11th biggest holding. Villere ST Denis J & Co. LLC owned about 0.22% of ON worth $38,124,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Durable Capital Partners LP increased its position in shares of ON by 114.5% during the first quarter. Durable Capital Partners LP now owns 11,028,390 shares of the company's stock worth $278,357,000 after acquiring an additional 5,887,034 shares in the last quarter. American Century Companies Inc. increased its position in shares of ON by 109.3% during the third quarter. American Century Companies Inc. now owns 6,566,787 shares of the company's stock worth $182,688,000 after acquiring an additional 3,428,794 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of ON by 1,022.9% during the first quarter. 1832 Asset Management L.P. now owns 2,542,200 shares of the company's stock worth $78,884,000 after acquiring an additional 2,315,800 shares in the last quarter. Bamco Inc. NY increased its position in shares of ON by 243.0% during the third quarter. Bamco Inc. NY now owns 3,028,002 shares of the company's stock worth $84,239,000 after acquiring an additional 2,145,318 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. bought a new stake in shares of ON during the third quarter worth about $59,539,000. Institutional investors and hedge funds own 33.11% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ONON shares. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $37.00 price objective on shares of ON in a research report on Wednesday, March 6th. Morgan Stanley reduced their price objective on shares of ON from $34.00 to $32.00 and set an "overweight" rating for the company in a research report on Wednesday, March 13th. Piper Sandler upped their price objective on shares of ON from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Thursday, March 21st. Barclays started coverage on shares of ON in a research report on Monday, April 1st. They issued an "overweight" rating and a $38.00 price objective for the company. Finally, Stifel Nicolaus reaffirmed a "buy" rating and issued a $40.00 price objective on shares of ON in a research report on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $37.13.

ON Price Performance

NYSE ONON traded up $0.59 during trading hours on Monday, reaching $32.57. 2,814,100 shares of the company's stock traded hands, compared to its average volume of 5,539,906. On Holding AG has a 52-week low of $23.41 and a 52-week high of $37.08. The firm has a market cap of $20.51 billion, a PE ratio of 120.63, a PEG ratio of 1.25 and a beta of 2.16. The firm has a 50-day simple moving average of $32.20 and a 200 day simple moving average of $29.01.

ON (NYSE:ONON - Get Free Report) last issued its quarterly earnings results on Tuesday, March 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.18). ON had a net margin of 4.04% and a return on equity of 6.85%. The business had revenue of $504.69 million for the quarter, compared to analysts' expectations of $515.30 million. Sell-side analysts forecast that On Holding AG will post 0.67 EPS for the current fiscal year.

ON Company Profile

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.