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T   16.80 (-1.06%)
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NYSE:ONON

ON (ONON) Stock Price, News & Analysis

$34.03
-0.62 (-1.79%)
(As of 03/4/2024 ET)
Today's Range
$33.94
$34.72
50-Day Range
$26.05
$35.03
52-Week Range
$19.90
$37.08
Volume
7.11 million shs
Average Volume
5.09 million shs
Market Capitalization
$21.41 billion
P/E Ratio
121.54
Dividend Yield
N/A
Price Target
$35.83

ON MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.72 Rating Score
Upside/​Downside
5.3% Upside
$35.83 Price Target
Short Interest
Bearish
17.68% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.77mentions of ON in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
52.17%
From $0.46 to $0.70 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.

1.40 out of 5 stars

Consumer Discretionary Sector

232nd out of 267 stocks

Rubber & Plastics Footwear Industry

4th out of 4 stocks


ONON stock logo

About ON Stock (NYSE:ONON)

On Holding AG develops and distributes sports products worldwide. It offers athletic footwear, apparel, and accessories. The company 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

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
See More Headlines
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Company Calendar

Last Earnings
11/14/2023
Today
3/04/2024
Next Earnings (Confirmed)
3/12/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Rubber & plastics footwear
Sub-Industry
N/A
Fax
N/A
Employees
1,701
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$35.83
High Stock Price Target
$46.00
Low Stock Price Target
$19.30
Potential Upside/Downside
+4.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.72
Research Coverage
18 Analysts

Profitability

Net Income
$60.46 million
Pretax Margin
5.41%

Debt

Sales & Book Value

Annual Sales
$1.71 billion
Cash Flow
$0.17 per share
Book Value
$1.62 per share

Miscellaneous

Free Float
N/A
Market Cap
$21.54 billion
Optionable
Optionable
Beta
2.17
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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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of ON was last updated on Friday, March 1, 2024 at 7:27 PM.

Pros

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

  • On Holding AG has been experiencing margin expansion, a rare occurrence in the current market environment where many companies are facing margin compression due to heavy promotions and discounting. This indicates the company's ability to maintain higher price points and appeal to a more affluent demographic.
  • The company's premium shoes, particularly the latest versions like the Cloudmonster, Cloudrunner, and Cloudgo models, have been gaining market share from established athletic shoe brands. This demonstrates the growing popularity and demand for On Holding's innovative designs and sustainable materials.
  • On Holding's recent IPO in September 2021 and subsequent performance in the market, climbing to highs of $55.87, showcase investor interest and potential for future growth as the company continues to expand its distribution globally.
  • Celebrity endorsements from well-known figures like Roger Federer and Gisele Bundchen, along with institutional investments totaling $1.21 billion in the past 12 months, indicate confidence in the company's future prospects and growth trajectory.
  • Despite a temporary dip in stock price, On Holding AG has shown resilience by finding support levels and trending higher, reflecting stability for investors and potential for long-term growth.

Cons

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

  • Concerns have been raised regarding the company's inventory levels, which saw an increase in the first six months of the year. Elevated inventories can lead to potential challenges in managing costs and could impact profitability in the short term.
  • Analysts and investors have expressed worries about On Holding's sales, general, and administrative expenses, including marketing costs, which have also seen an increase. Higher expenses without proportional revenue growth could affect the company's bottom line performance.
  • While the company raised full-year sales guidance, investor response was not as positive as expected, indicating potential skepticism or uncertainty about the company's ability to meet or exceed market expectations in the future.
  • Market competition from established brands like Nike, Adidas, Under Armour, and others poses a challenge to On Holding's market share growth and brand positioning. The competitive landscape in the athletic footwear industry could impact the company's ability to sustain its current growth trajectory.
  • Despite positive developments, such as margin expansion and celebrity endorsements, the company's stock price volatility and recent downtrend following earnings reports may introduce uncertainty for investors looking for stable returns in the short term.














ONON Stock Analysis - Frequently Asked Questions

Should I buy or sell ON stock right now?

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ON in the last year. There are currently 1 sell rating, 3 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities 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?

18 Wall Street research analysts have issued twelve-month price objectives for ON's stock. Their ONON share price targets range from $19.30 to $46.00. On average, they anticipate the company's share price to reach $35.83 in the next year. This suggests a possible upside of 5.3% 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 stock has increased by 26.2% and is now trading at $34.03.
View the best growth stocks for 2024 here
.

Are investors shorting ON?

ON saw a increase in short interest in the month of January. As of January 31st, there was short interest totaling 33,490,000 shares, an increase of 20.0% from the January 15th total of 27,910,000 shares. Based on an average daily volume of 5,110,000 shares, the days-to-cover ratio is presently 6.6 days. Currently, 18.0% of the company's shares are sold short.
View ON's Short Interest
.

When is ON's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 12th 2024.
View our ONON earnings forecast
.

How can I listen to ON's earnings call?

ON will be holding an earnings conference call on Tuesday, March 12th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were ON's earnings last quarter?

On Holding AG (NYSE:ONON) issued its quarterly earnings data on Tuesday, November, 14th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.06. The firm earned $480.50 million during the quarter, compared to analysts' expectations of $453.31 million. ON had a net margin of 4.45% and a trailing twelve-month return on equity of 7.34%. The firm's quarterly revenue was up 46.5% compared to the same quarter last year. During the same period last year, the business posted $0.06 EPS.

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

ON updated its FY 2023 earnings guidance on Monday, December, 11th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion.

When did ON IPO?

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

Who are ON's major shareholders?

ON's stock is owned by many different institutional and retail investors. Top institutional investors include Nuveen Asset Management LLC (0.64%), 1832 Asset Management L.P. (0.50%), Price T Rowe Associates Inc. MD (0.44%), Price T Rowe Associates Inc. MD (0.44%), Jennison Associates LLC (0.40%) and Norges Bank (0.34%).

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 3/4/2024 by MarketBeat.com Staff