On Holding AG (NYSE:ONON – Get Free Report) has been assigned an average rating of “Moderate Buy” from the twenty-seven ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $43.9167.
ONON has been the topic of a number of research analyst reports. Barclays dropped their price objective on shares of ON from $46.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, August 12th. KeyCorp reissued an “overweight” rating on shares of ON in a report on Monday, August 10th. Morgan Stanley started coverage on ON in a research note on Thursday, September 10th. They issued an “overweight” rating and a $39.00 price objective for the company. Williams Trading set a $32.00 target price on ON in a research report on Tuesday, August 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $37.00 price objective on shares of ON in a research note on Friday.
Check Out Our Latest Stock Report on ONON
ON News Summary
- Positive Sentiment: Kylian Mbappé partnership boosts global visibility. On signed French football superstar Kylian Mbappé, marking a major expansion into football and giving the Swiss footwear company a prominent international ambassador. The deal is viewed as a competitive win against Nike and could support brand awareness, product sales and long-term growth. On Holding Stock Jumps as Swiss Sneaker Company Enters Football With Mbappé, Henry
- Positive Sentiment: Analysts continue to endorse the shares. Needham reaffirmed a “Buy” rating with a $37 price target, implying substantial upside from recent levels. BTIG Research and Berenberg Bank also issued or maintained “Buy” ratings, supporting the bullish case despite the stock’s recent weakness. Needham Reaffirms Buy Rating on On Holding ON Earns Buy Rating from BTIG Research
- Neutral Sentiment: Investor attention is elevated. Trading volume has been substantially above average, suggesting heightened interest around the Mbappé announcement and the stock’s technical weakness. However, elevated activity alone does not establish a lasting change in sentiment.
- Negative Sentiment: Operating concerns remain the main overhang. On Holding’s recent three-month slide reflects weak Americas wholesale trends and cautious retailer sell-in, even as direct-to-consumer sales and new product launches provide support. The company’s latest quarterly results also missed consensus estimates for both earnings and revenue. On Holding Stock Falls 30% in Three Months
- Negative Sentiment: Bearish options positioning signals caution. Traders purchased 42,982 put options, roughly 191% above the average daily volume, while the shares recently traded near two-year lows. This activity indicates that some investors are positioning for additional downside or protecting existing holdings. 3 Stocks Put Traders Are Targeting Today
Insider Activity
In other ON news, CEO Caspar Coppetti purchased 65,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average price of $30.67 per share, for a total transaction of $1,993,550.00. Following the purchase, the chief executive officer directly owned 2,440,855 shares in the company, valued at approximately $74,861,022.85. This trade represents a 2.74% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Olivier Bernhard acquired 65,000 shares of the company’s stock in a transaction on Friday, August 14th. The stock was acquired at an average cost of $30.67 per share, for a total transaction of $1,993,550.00. Following the completion of the acquisition, the insider owned 5,228,184 shares of the company’s stock, valued at $160,348,403.28. This trade represents a 1.26% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 68.57% of the stock is owned by company insiders.
Hedge Funds Weigh In On ON
Large investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC purchased a new stake in shares of ON during the second quarter worth approximately $223,000. Capital Analysts LLC boosted its stake in ON by 15.5% during the 2nd quarter. Capital Analysts LLC now owns 6,049 shares of the company’s stock worth $214,000 after purchasing an additional 810 shares during the last quarter. NewEdge Advisors LLC boosted its position in ON by 26.8% during the second quarter. NewEdge Advisors LLC now owns 25,494 shares of the company’s stock worth $903,000 after acquiring an additional 5,394 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in ON by 44.1% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 18,378 shares of the company’s stock valued at $654,000 after acquiring an additional 5,625 shares in the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new stake in ON during the 2nd quarter valued at about $288,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.
ON Stock Performance
Shares of NYSE:ONON opened at $27.25 on Tuesday. The firm has a fifty day simple moving average of $32.45 and a two-hundred day simple moving average of $35.53. ON has a 52 week low of $26.36 and a 52 week high of $51.08. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $17.39 billion, a P/E ratio of 18.54, a PEG ratio of 0.55 and a beta of 2.08.
ON (NYSE:ONON – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.07). ON had a net margin of 12.09% and a return on equity of 22.92%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the company earned ($0.09) EPS. The business’s revenue was up 13.5% compared to the same quarter last year. On average, analysts expect that ON will post 1.49 earnings per share for the current fiscal year.
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.
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