ON (NYSE:ONON) CFO Sells $19,057.38 in Stock

On Holding AG (NYSE:ONON) CFO Frank Sluis sold 687 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $27.74, for a total transaction of $19,057.38. Following the completion of the transaction, the chief financial officer owned 997 shares of the company’s stock, valued at $27,656.78. This trade represents a 40.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

ON Price Performance

Shares of NYSE:ONON opened at $27.39 on Friday. The stock has a market cap of $17.48 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 0.54 and a beta of 2.08. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.83 and a quick ratio of 2.25. On Holding AG has a 12 month low of $26.60 and a 12 month high of $51.08. The stock’s 50 day moving average price is $33.43 and its 200 day moving average price is $36.23.

ON (NYSE:ONON) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.09 billion. ON had a return on equity of 22.92% and a net margin of 12.09%.The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.09) EPS. Equities research analysts anticipate that On Holding AG will post 1.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC bought a new stake in ON during the second quarter worth approximately $223,000. Capital Analysts LLC raised its position in shares of ON by 15.5% in the second quarter. Capital Analysts LLC now owns 6,049 shares of the company’s stock valued at $214,000 after purchasing an additional 810 shares during the period. NewEdge Advisors LLC lifted its stake in shares of ON by 26.8% in the second quarter. NewEdge Advisors LLC now owns 25,494 shares of the company’s stock worth $903,000 after buying an additional 5,394 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of ON by 812.6% in the second quarter. California State Teachers Retirement System now owns 113,061 shares of the company’s stock worth $4,005,000 after buying an additional 100,672 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of ON by 44.1% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 18,378 shares of the company’s stock worth $654,000 after buying an additional 5,625 shares during the period. 36.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ONON shares. BMO Capital Markets started coverage on shares of ON in a research report on Tuesday. They issued a “market perform” rating and a $28.00 price target for the company. Barclays dropped their price objective on ON from $46.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, August 12th. UBS Group reduced their target price on shares of ON from $83.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Sanford C. Bernstein reissued an “outperform” rating and issued a $62.00 target price on shares of ON in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group set a $20.00 price target on shares of ON in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, ON currently has an average rating of “Moderate Buy” and an average price target of $45.04.

About ON

On Holding AG, known as On, is a Swiss sportswear company that develops and sells performance footwear, apparel and accessories. The company is particularly recognized for its running shoes, which incorporate proprietary technologies such as CloudTec cushioning and Speedboard components designed to support comfort, responsiveness and energy return.

On serves athletes and consumers across categories including running, outdoor activities, training and everyday performance. Its products are sold through the company’s direct-to-consumer channels, including its website and branded retail stores, as well as through a network of wholesale partners in markets around the world.

On was founded in 2010 in Switzerland by Olivier Bernhard, David Allemann and Caspar Coppetti.