Lisanti Capital Growth LLC purchased a new position in shares of On Holding AG (NYSE:ONON - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,515 shares of the company's stock, valued at approximately $715,000.
Other institutional investors also recently modified their holdings of the company. Spire Wealth Management increased its holdings in ON by 91.0% in the third quarter. Spire Wealth Management now owns 972 shares of the company's stock valued at $27,000 after purchasing an additional 463 shares during the period. Orion Capital Management LLC increased its holdings in 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 in the fourth quarter valued at $33,000. Asset Dedication LLC acquired a new stake in ON in the third quarter valued at $35,000. Finally, Signaturefd LLC increased its holdings in ON by 816.7% in the third quarter. Signaturefd LLC now owns 1,375 shares of the company's stock valued at $38,000 after purchasing an additional 1,225 shares during the period. 33.11% of the stock is currently owned by institutional investors and hedge funds.
ON Trading Down 0.1 %
NYSE ONON traded down $0.02 during trading hours on Tuesday, hitting $34.02. The company's stock had a trading volume of 4,239,260 shares, compared to its average volume of 4,994,950. On Holding AG has a 52 week low of $23.41 and a 52 week high of $37.08. The company has a market capitalization of $21.42 billion, a PE ratio of 128.41, a price-to-earnings-growth ratio of 1.16 and a beta of 2.17. The company's 50-day simple moving average is $33.26 and its two-hundred day simple moving average is $29.99.
ON (NYSE:ONON - Get Free Report) last announced its quarterly earnings results on Tuesday, March 12th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $515.30 million. Research analysts anticipate that On Holding AG will post 0.65 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts recently weighed in on ONON shares. Truist Financial increased their price objective on ON from $29.00 to $30.00 and gave the company a "hold" rating in a report on Wednesday, March 13th. Evercore ISI cut their price target on shares of ON from $40.00 to $37.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 13th. TD Cowen upped their price target on shares of ON from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, May 2nd. Redburn Atlantic reaffirmed a "neutral" rating and set a $34.00 price target on shares of ON in a research report on Thursday, March 7th. Finally, TheStreet cut shares of ON from a "c" rating to a "d+" rating in a research report on Monday, March 18th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, ON presently has a consensus rating of "Moderate Buy" and an average price target of $37.53.
Check Out Our Latest Analysis on ON
About ON
(
Free Report)
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.
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