Price T Rowe Associates Inc. MD lifted its stake in shares of On Holding AG (NYSE:ONON - Free Report) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,600,649 shares of the company's stock after purchasing an additional 79,680 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.25% of ON worth $87,668,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Strategic Financial Concepts LLC acquired a new stake in shares of ON in the fourth quarter worth $30,000. Legacy Bridge LLC acquired a new stake in ON during the 4th quarter worth about $43,000. Bernard Wealth Management Corp. purchased a new position in ON during the 4th quarter valued at about $44,000. Arcadia Investment Management Corp MI acquired a new position in shares of ON in the 4th quarter valued at about $53,000. Finally, VisionPoint Advisory Group LLC purchased a new stake in shares of ON in the fourth quarter worth approximately $65,000. 36.39% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
ONON has been the subject of a number of research analyst reports. Needham & Company LLC cut their target price on shares of ON from $64.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Stifel Nicolaus dropped their target price on ON from $66.00 to $57.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Bank of America began coverage on ON in a research note on Tuesday, January 7th. They issued a "buy" rating and a $73.00 price target for the company. UBS Group lifted their target price on shares of ON from $56.00 to $59.00 and gave the company a "buy" rating in a research note on Monday. Finally, Hsbc Global Res raised shares of ON from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $58.77.
View Our Latest Analysis on ONON
ON Trading Down 0.8 %
Shares of ON stock traded down $0.39 during mid-day trading on Thursday, reaching $47.72. 3,046,523 shares of the stock were exchanged, compared to its average volume of 4,684,405. On Holding AG has a fifty-two week low of $29.84 and a fifty-two week high of $64.05. The company has a market cap of $30.05 billion, a price-to-earnings ratio of 110.98, a price-to-earnings-growth ratio of 1.02 and a beta of 2.32. The firm has a 50-day simple moving average of $45.17 and a 200 day simple moving average of $51.41.
About ON
(
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, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.
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