NYSE:ONON

ON (ONON) Stock Price, News & Analysis

$32.35
-0.21 (-0.64%)
(As of 04/24/2024 ET)
Today's Range
$32.10
$32.87
50-Day Range
$30.64
$35.61
52-Week Range
$23.41
$37.08
Volume
2.02 million shs
Average Volume
5.26 million shs
Market Capitalization
$20.37 billion
P/E Ratio
119.81
Dividend Yield
N/A
Price Target
$37.13

ON MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.76 Rating Score
Upside/​Downside
14.8% Upside
$37.13 Price Target
Short Interest
Bearish
15.00% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.58mentions of ON in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
38.46%
From $0.65 to $0.90 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.46 out of 5 stars

Consumer Discretionary Sector

172nd out of 270 stocks

Rubber & Plastics Footwear Industry

4th out of 4 stocks

ONON stock logo

About ON Stock (NYSE:ONON)

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. The company was founded in 2010 and is headquartered in Zurich, Switzerland.

ONON Stock Price History

ONON Stock News Headlines

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ON's (ONON) "Overweight" Rating Reiterated at Morgan Stanley
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ON (NYSE:ONON) Coverage Initiated by Analysts at William Blair
ONON Apr 2024 47.500 put
ONON Apr 2024 23.000 put
5 Largest Shoe Companies in the World
See More Headlines
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Company Calendar

Last Earnings
3/12/2024
Today
4/24/2024
Next Earnings (Estimated)
5/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Rubber & plastics footwear
Sub-Industry
N/A
Fax
N/A
Employees
2,353
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$37.13
High Stock Price Target
$46.00
Low Stock Price Target
$30.00
Potential Upside/Downside
+13.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.76
Research Coverage
17 Analysts

Profitability

Net Income
$88.67 million
Pretax Margin
3.86%

Debt

Sales & Book Value

Annual Sales
$2.00 billion
Cash Flow
$0.26 per share
Book Value
$1.90 per share

Miscellaneous

Free Float
N/A
Market Cap
$20.56 billion
Optionable
Optionable
Beta
2.16
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Key Executives

  • Mr. David Allemann (Age 53)
    Co-Founder & Executive Co-Chairman
  • Mr. Caspar Coppetti (Age 47)
    Co-Founder & Executive Co-Chairman
  • Mr. Martin Hoffmann (Age 45)
    Co-CEO & CFO
  • Mr. Marc Maurer (Age 42)
    Co-Chief Executive Officer
  • Mr. Olivier Bernhard (Age 55)
    Co-Founder & Executive Director
  • Ms. Jiahui Yin
    Chief Operating Officer
  • Narek Verdian
    Chief Technology Officer
  • Mr. Alex Griffin
    Chief Marketing Officer
  • Ms. Noa Perry-Reifer
    Chief People Officer
  • Mr. Gerald Marolf
    Chief Product Officer

Should I Buy ON Stock? ONON Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in On Holding AG:

  • On Holding AG specializes in eye-catching designs and emphasizes sustainability through its use of materials and high-performance specifications in their latest running shoe models like Cloudmonster, Cloudrunner, and Cloudgo.
  • Celebrity investors like Roger Federer and Gisele Bundchen have shown interest in On Holding AG, indicating a strong endorsement of the brand.
  • Big-money institutions have been increasing their investments in On Holding AG, with significant inflows from institutional buyers in the past 12 months.
  • The company raised its full-year sales guidance, suggesting positive growth prospects for the future.
  • Despite recent challenges, On Holding AG's revenue exceeded expectations, showcasing the company's ability to generate strong top-line performance.

Cons

Investors should be bearish about investing in On Holding AG for these reasons:

  • Concerns have been raised about On Holding AG's inventories, which saw a rise in the first six months of the year, potentially indicating inefficiencies in inventory management.
  • Sales, general, and administrative expenses, including marketing costs, have increased, impacting the company's bottom line and potentially affecting profitability.
  • Analysts and investors expressed worries about the company's recent performance, particularly in terms of net income missing views despite strong revenue figures.
  • On Holding AG faced a downdraft in August, which may have shaken investor confidence in the short term.
  • The stock price of On Holding AG has shown volatility, which could pose risks for investors seeking stable returns.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these ON pros and cons to contact@marketbeat.com.

ONON Stock Analysis - Frequently Asked Questions

Should I buy or sell ON stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ON in the last year. There are currently 4 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ONON shares.
View ONON analyst ratings
or view top-rated stocks.

What is ON's stock price target for 2024?

17 Wall Street research analysts have issued 1 year price objectives for ON's shares. Their ONON share price targets range from $30.00 to $46.00. On average, they anticipate the company's share price to reach $37.13 in the next year. This suggests a possible upside of 14.8% from the stock's current price.
View analysts price targets for ONON
or view top-rated stocks among Wall Street analysts.

How have ONON shares performed in 2024?

ON's stock was trading at $26.97 on January 1st, 2024. Since then, ONON shares have increased by 20.0% and is now trading at $32.36.
View the best growth stocks for 2024 here
.

When is ON's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 21st 2024.
View our ONON earnings forecast
.

How were ON's earnings last quarter?

On Holding AG (NYSE:ONON) issued its quarterly earnings data 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. The business had revenue of $504.69 million for the quarter, compared to analyst estimates of $515.30 million. ON had a trailing twelve-month return on equity of 6.85% and a net margin of 4.04%.

What guidance has ON issued on next quarter's earnings?

ON issued an update on its first quarter 2024 earnings guidance on Tuesday, March, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $558.3 million-$558.3 million.

When did ON IPO?

ON (ONON) raised $591 million in an IPO on Wednesday, September 15th 2021. The company issued 31,100,000 shares at a price of $18.00-$20.00 per share.

Who are ON's major shareholders?

ON's stock is owned by a number of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.35%), APEIRON CAPITAL Ltd (0.18%), Hodges Capital Management Inc. (0.13%), Wasatch Advisors LP (0.07%), IMC Chicago LLC (0.00%) and Rheos Capital Works Inc. (0.05%).

How do I buy shares of ON?

Shares of ONON stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ONON) was last updated on 4/24/2024 by MarketBeat.com Staff

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