Shares of On Holding AG (NYSE:ONON - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-five ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $48.5714.
A number of research firms recently commented on ONON. UBS Group lowered their price objective on shares of ON from $83.00 to $73.00 and set a "buy" rating on the stock in a research note on Wednesday, August 12th. Weiss Ratings restated a "hold (c-)" rating on shares of ON in a research report on Friday, August 7th. William Blair lowered ON from an "outperform" rating to a "market perform" rating in a research note on Tuesday, August 11th. Williams Trading set a $32.00 price target on ON in a research report on Tuesday, August 11th. Finally, Stifel Nicolaus dropped their price objective on ON from $60.00 to $41.00 and set a "buy" rating on the stock in a research note on Wednesday, August 12th.
Get Our Latest Analysis on ON
Insider Transactions at ON
In other news, CEO Caspar Felix Coppetti bought 65,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were purchased at an average cost of $30.67 per share, with a total value of $1,993,550.00. Following the completion of the acquisition, the chief executive officer directly owned 2,440,855 shares in the company, valued at approximately $74,861,022.85. The trade was a 2.74% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Olivier Bernhard purchased 65,000 shares of the company's stock in a transaction on Friday, August 14th. The stock was acquired at an average price of $30.67 per share, for a total transaction of $1,993,550.00. Following the completion of the transaction, the insider owned 5,228,184 shares of the company's stock, valued at $160,348,403.28. This represents a 1.26% increase in their position. The disclosure for this purchase is available in the SEC filing. 68.57% of the stock is owned by insiders.
Institutional Trading of ON
A number of hedge funds and other institutional investors have recently made changes to their positions in ONON. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in ON by 54.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 177,200 shares of the company's stock valued at $8,320,000 after buying an additional 62,500 shares in the last quarter. One Capital Management LLC purchased a new position in shares of ON in the fourth quarter worth approximately $8,887,000. Quantinno Capital Management LP raised its holdings in shares of ON by 89.6% during the first quarter. Quantinno Capital Management LP now owns 66,947 shares of the company's stock valued at $2,278,000 after acquiring an additional 31,641 shares during the period. RFG Advisory LLC acquired a new stake in shares of ON during the fourth quarter valued at approximately $1,343,000. Finally, Norges Bank purchased a new stake in shares of ON in the 4th quarter valued at approximately $128,826,000. 36.39% of the stock is currently owned by institutional investors.
ON Stock Performance
Shares of ONON stock opened at $29.95 on Friday. ON has a 12-month low of $29.63 and a 12-month high of $51.08. The firm has a market capitalization of $19.11 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 0.62 and a beta of 2.12. The business has a 50 day simple moving average of $36.24 and a 200 day simple moving average of $38.09. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.83 and a quick ratio of 2.25.
ON (NYSE:ONON - Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.07). ON had a net margin of 12.09% and a return on equity of 22.92%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company earned ($0.09) EPS. The business's quarterly revenue was up 13.5% on a year-over-year basis. On average, equities research analysts anticipate that ON will post 1.51 EPS for the current year.
About ON
(
Get Free Report)
On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.
On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.
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