William Blair Comments on ON's Q2 Earnings (NYSE:ONON)

On Holding AG (NYSE:ONON - Free Report) - Analysts at William Blair upped their Q2 2025 EPS estimates for ON in a research report issued to clients and investors on Monday, May 19th. William Blair analyst D. Carden now anticipates that the company will post earnings per share of $0.17 for the quarter, up from their prior forecast of $0.16. The consensus estimate for ON's current full-year earnings is $0.66 per share. William Blair also issued estimates for ON's Q4 2025 earnings at $0.16 EPS, FY2025 earnings at $0.78 EPS and FY2026 earnings at $1.14 EPS.

A number of other equities research analysts have also recently commented on ONON. Truist Financial raised their target price on shares of ON from $61.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Citigroup upgraded shares of ON from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $65.00 to $60.00 in a report on Monday, April 28th. HSBC upgraded ON from a "hold" rating to a "buy" rating and set a $58.00 price target on the stock in a research note on Tuesday, March 11th. Cowen reissued a "buy" rating on shares of ON in a report on Wednesday, May 14th. Finally, Piper Sandler reissued an "overweight" rating on shares of ON in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, ON presently has an average rating of "Buy" and an average price target of $62.45.

ON Stock Up 4.0%

Shares of ONON stock traded up $2.32 during mid-day trading on Thursday, reaching $60.76. 2,009,572 shares of the company's stock traded hands, compared to its average volume of 4,611,363. The company has a market cap of $38.26 billion, a P/E ratio of 141.31, a P/E/G ratio of 1.02 and a beta of 2.30. The company's 50-day moving average price is $47.63 and its 200-day moving average price is $52.19. ON has a 12 month low of $34.59 and a 12 month high of $64.05.

Hedge Funds Weigh In On ON

Institutional investors have recently added to or reduced their stakes in the business. Capital Advisors Inc. OK increased its stake in ON by 3.2% during the fourth quarter. Capital Advisors Inc. OK now owns 6,386 shares of the company's stock worth $350,000 after acquiring an additional 200 shares during the last quarter. Keystone Investors PTE Ltd. lifted its holdings in ON by 0.8% during the 4th quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company's stock worth $1,639,000 after buying an additional 228 shares during the last quarter. CWM LLC raised its position in shares of ON by 22.2% during the 1st quarter. CWM LLC now owns 1,259 shares of the company's stock worth $55,000 after purchasing an additional 229 shares during the period. Concurrent Investment Advisors LLC increased its position in ON by 2.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company's stock valued at $516,000 after acquiring an additional 259 shares during the period. Finally, Sage Capital Advisors llc increased its position in shares of ON by 0.3% during the 1st quarter. Sage Capital Advisors llc now owns 100,329 shares of the company's stock valued at $4,406,000 after purchasing an additional 269 shares during the period. 36.39% of the stock is currently owned by institutional investors and hedge funds.

ON Company Profile

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.