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ON (ONON) Stock Price, News & Analysis

$40.22
+2.02 (+5.29%)
(As of 07/26/2024 ET)
Today's Range
$39.63
$40.67
50-Day Range
$36.63
$43.79
52-Week Range
$23.41
$44.30
Volume
3.96 million shs
Average Volume
4.40 million shs
Market Capitalization
$25.32 billion
P/E Ratio
91.41
Dividend Yield
N/A
Price Target
$43.06

ON MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.85 Rating Score
Upside/​Downside
7.1% Upside
$43.06 Price Target
Short Interest
Bearish
15.25% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.52mentions of ON in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.38%
From $0.78 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.

2.48 out of 5 stars

Consumer Discretionary Sector

170th out of 279 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

Foot Locker shoe shelves in store
Is It Time to Step Back into This Retailer's Stock? (ONON)
Foot Locker Inc. (NYSE: FL) is a footwear and apparel retailer operating under its flagship Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos brands.
Bordeaux , France -  08 19 2023 : Nike logo brand and text chain sign on wall entrance facade store of American shop us corporation manufactures sport footwear
Nike Stock Falls to Bargain Basement After Analysts Slash Targets (ONON)
Nike's stock price fell to the bargain basement after weak guidance, and analysts' price target revisions instilled fear into the market.
625,000% Gain
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ONON Jul 2024 42.500 call
ONON Jul 2024 39.500 put
What's Going On With Footwear Stocks Today?
Morgan Stanley Raises ON (NYSE:ONON) Price Target to $44.00
625,000% Gain
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2 Millionaire-Maker Growth Stocks
On Holding: The Next Consumer Apparel Juggernaut?
See More Headlines
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Company Calendar

Last Earnings
5/14/2024
Today
7/27/2024
Next Earnings (Estimated)
8/20/2024
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
$43.06
High Stock Price Target
$55.00
Low Stock Price Target
$33.00
Potential Upside/Downside
+7.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.85
Research Coverage
20 Analysts

Profitability

Net Income
$88.67 million
Pretax Margin
7.24%

Debt

Sales & Book Value

Annual Sales
$1.88 billion
Cash Flow
$0.27 per share
Book Value
$1.90 per share

Miscellaneous

Free Float
197,900,000
Market Cap
$25.32 billion
Optionable
Optionable
Beta
2.22
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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:

  • ONON stock has shown a consistent upward trend in its 50-day and 200-day simple moving averages, indicating positive momentum in the stock price.
  • The company reported strong quarterly earnings with an EPS of $0.32, surpassing the consensus estimate by a significant margin of $0.20, reflecting robust financial performance.
  • ONON has a relatively low price-to-earnings ratio of 94.59, suggesting potential undervaluation compared to its earnings, which could attract value investors.
  • Institutional investors have been increasing their positions in ONON, indicating confidence in the company's future growth prospects.
  • ONON operates in the sports products industry, offering a diverse range of athletic footwear, apparel, and accessories, catering to a broad consumer base and potentially driving revenue growth.

Cons

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

  • The price-to-earnings ratio of 94.59 may indicate that the stock is currently overvalued, posing a risk of a potential correction in the stock price.
  • ONON's beta of 2.27 suggests high volatility compared to the market average, which could lead to significant price fluctuations and increased risk for investors.
  • The price-to-earnings-growth ratio of 1.24 indicates that the stock may be relatively expensive in terms of its growth prospects, potentially limiting upside potential for investors.
  • While the company has shown strong financial performance in recent quarters, there is always a risk of market uncertainties or industry challenges impacting future earnings and stock performance.
  • Investing in a company focused on sports products like ONON can be sensitive to consumer trends and economic conditions, which may introduce volatility in the stock price based on market demand shifts.
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, June 28, 2024. Please send any questions or comments about these ON pros and cons to contact@marketbeat.com.

ONON Stock Analysis - Frequently Asked Questions

How have ONON shares performed this year?

ON's stock was trading at $26.97 at the beginning of 2024. Since then, ONON shares have increased by 49.1% and is now trading at $40.22.
View the best growth stocks for 2024 here
.

How were ON's earnings last quarter?

On Holding AG (NYSE:ONON) posted its quarterly earnings data on Tuesday, May, 14th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.20. The firm had revenue of $581.41 million for the quarter, compared to analysts' expectations of $555.52 million. ON had a net margin of 6.46% and a trailing twelve-month return on equity of 11.13%.

When did ON IPO?

ON (ONON) raised $591 million in an initial public offering 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?

Top institutional shareholders of ON include Allspring Global Investments Holdings LLC (0.32%), Liontrust Investment Partners LLP (0.07%), SG Americas Securities LLC (0.07%) and GAM Holding AG (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 7/27/2024 by MarketBeat.com Staff

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