Brokers Issue Forecasts for ON's Q2 Earnings (NYSE:ONON)

On Holding AG (NYSE:ONON - Free Report) - Stock analysts at William Blair raised their Q2 2025 earnings per share 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 previous estimate 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 research analysts also recently issued reports on ONON. Piper Sandler reiterated an "overweight" rating on shares of ON in a report on Tuesday, May 13th. Citigroup upgraded ON from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $65.00 to $60.00 in a research note on Monday, April 28th. Truist Financial lifted their price target on ON from $61.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Barclays set a $68.00 target price on ON in a report on Wednesday, May 14th. Finally, The Goldman Sachs Group cut ON from a "buy" rating to a "neutral" rating and set a $57.00 price objective on the stock. in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, ON has a consensus rating of "Buy" and a consensus price target of $62.45.

ON Trading Down 0.6%

Shares of NYSE ONON traded down $0.38 during midday trading on Thursday, hitting $58.44. The company's stock had a trading volume of 4,394,621 shares, compared to its average volume of 4,621,257. The business's 50 day moving average is $47.40 and its two-hundred day moving average is $52.13. ON has a 12-month low of $34.59 and a 12-month high of $64.05. The firm has a market cap of $36.80 billion, a P/E ratio of 135.91, a price-to-earnings-growth ratio of 1.02 and a beta of 2.30.

Hedge Funds Weigh In On ON

A number of large investors have recently modified their holdings of the stock. Apollon Wealth Management LLC raised its holdings in shares of ON by 74.0% during the fourth quarter. Apollon Wealth Management LLC now owns 16,005 shares of the company's stock worth $877,000 after acquiring an additional 6,808 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of ON by 34.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,376,850 shares of the company's stock worth $76,213,000 after buying an additional 349,789 shares during the period. Strategic Financial Concepts LLC bought a new stake in ON in the 4th quarter valued at about $30,000. BNP Paribas Financial Markets bought a new stake in ON in the 4th quarter valued at about $39,119,000. Finally, Raymond James Financial Inc. acquired a new position in shares of ON in the 4th quarter valued at approximately $28,575,000. 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.