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Elon Musk's "Project Dojo" is a Game-Changer (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
NYSE:ONON

ON (ONON) Stock Price, News & Analysis

$32.26
+0.69 (+2.19%)
(As of 02/22/2024 ET)
Today's Range
$31.95
$32.60
50-Day Range
$26.05
$32.30
52-Week Range
$19.90
$37.08
Volume
3.50 million shs
Average Volume
5.15 million shs
Market Capitalization
$20.29 billion
P/E Ratio
115.21
Dividend Yield
N/A
Price Target
$35.83

ON MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.72 Rating Score
Upside/​Downside
11.1% Upside
$35.83 Price Target
Short Interest
Bearish
18.02% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.49mentions of ON in the last 14 days
Based on 27 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.

2.06 out of 5 stars

Consumer Discretionary Sector

191st out of 253 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

Elon Musk's "Project Dojo" is a Game-Changer
Morgan Stanley predicts that Musk's latest act will boost Tesla's shares by 80% in the next 12 months. But if you want to profit from this development, you'll buy the firm that could see its sales explode by 829% as "Project Dojo" sweeps the nation.
Elon Musk's "Project Dojo" is a Game-Changer
Morgan Stanley predicts that Musk's latest act will boost Tesla's shares by 80% in the next 12 months. But if you want to profit from this development, you'll buy the firm that could see its sales explode by 829% as "Project Dojo" sweeps the nation.
On Holding (ONON) Stock Moves -0.41%: What You Should Know
Comparing ON (NYSE:ONON) & American Rebel (NASDAQ:AREBW)
ON Target of Unusually Large Options Trading (NYSE:ONON)
See More Headlines
Receive ONON Stock News and Ratings via Email

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Company Calendar

Last Earnings
11/14/2023
Today
2/22/2024
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
+11.1%
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
$1.28 billion
Cash Flow
$0.18 per share
Book Value
$1.62 per share

Miscellaneous

Free Float
197,702,000
Market Cap
$20.29 billion
Optionable
Optionable
Beta
2.06
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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 Tuesday, February 20, 2024 at 4:04 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 $55.87 before experiencing a temporary decline, indicate investor interest and potential for future growth as the company continues to expand its product offerings and global distribution.
  • Celebrity endorsements from figures like Roger Federer and Gisele Bundchen, along with significant institutional investments totaling $1.21 billion in the past 12 months, reflect confidence in On Holding's business strategy and growth prospects.
  • Despite concerns about inventory levels and expenses, On Holding's revenue performance exceeding expectations and the company raising full-year sales guidance suggest a positive outlook for future financial results and potential stock price appreciation.

Cons

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

  • Concerns have been raised about On Holding's inventory levels and sales, general, and administrative expenses, including marketing costs, which have increased. These factors could impact the company's profitability and financial performance in the short term.
  • While the company has raised full-year sales guidance, investor response has been lukewarm, indicating potential skepticism about On Holding's ability to meet or exceed market expectations despite positive revenue growth.
  • Market volatility and competition from established brands like Nike, Adidas, and Under Armour pose challenges to On Holding's market share expansion and brand positioning, especially in a highly competitive industry where innovation and brand recognition are crucial.
  • The stock price fluctuations, including a significant drop from $55.87 to around $15.64, highlight the inherent risks associated with investing in a relatively new public company like On Holding AG, which may experience heightened volatility compared to more established firms.
  • While the company's innovative product designs and sustainability focus have attracted attention, maintaining a competitive edge in the athletic footwear market requires continuous investment in research and development, marketing, and distribution, which could strain financial resources and impact profitability.














ONON Stock Analysis - Frequently Asked Questions

Should I buy or sell ON stock right now?

18 Wall Street 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 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 brokerages have issued twelve-month price targets for ON's shares. Their ONON share price targets range from $19.30 to $46.00. On average, they expect the company's share price to reach $35.83 in the next twelve months. This suggests a possible upside of 11.1% 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 at the beginning of the year. Since then, ONON shares have increased by 19.6% and is now trading at $32.26.
View the best growth stocks for 2024 here
.

Are investors shorting ON?

ON saw a increase in short interest during 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. Approximately 18.0% of the shares of the stock 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 EPS for the quarter, topping the consensus estimate of $0.14 by $0.06. The firm had revenue of $480.50 million for the quarter, compared to analysts' expectations of $453.31 million. ON had a trailing twelve-month return on equity of 7.34% and a net margin of 4.45%. The business's revenue was up 46.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 EPS.

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

ON issued an update on its FY 2023 earnings guidance on Monday, December, 11th. The company provided earnings per share (EPS) 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 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 a number of 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 2/23/2024 by MarketBeat.com Staff