On Holding AG (NYSE:ONON) Receives $37.13 Consensus PT from Analysts

On Holding AG (NYSE:ONON) has been assigned a consensus rating of “Moderate Buy” from the seventeen ratings firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $37.13.

ONON has been the subject of a number of recent research reports. Truist Financial lifted their target price on ON from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Wednesday, March 13th. Stifel Nicolaus reissued a “buy” rating and set a $40.00 target price on shares of ON in a research note on Tuesday, March 5th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $37.00 price target on shares of ON in a research note on Wednesday, April 24th. TheStreet cut shares of ON from a “c” rating to a “d+” rating in a research report on Monday, March 18th. Finally, Redburn Atlantic restated a “neutral” rating and issued a $34.00 target price on shares of ON in a research note on Thursday, March 7th.

ON Stock Down 0.6 %

ONON stock opened at $32.61 on Tuesday. ON has a 52 week low of $23.41 and a 52 week high of $37.08. The firm has a market capitalization of $20.53 billion, a P/E ratio of 120.76, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16. The company has a fifty day simple moving average of $33.21 and a two-hundred day simple moving average of $29.72.

ON (NYSE:ONON) last announced its quarterly earnings results on Tuesday, March 12th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). ON had a net margin of 4.04% and a return on equity of 6.85%. The business had revenue of $504.69 million during the quarter, compared to the consensus estimate of $515.30 million. As a group, analysts anticipate that ON will post 0.65 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Jennison Associates LLC grew its stake in ON by 7.6% in the third quarter. Jennison Associates LLC now owns 7,887,000 shares of the company’s stock valued at $219,416,000 after purchasing an additional 554,513 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of ON by 109.3% in the 3rd quarter. American Century Companies Inc. now owns 6,566,787 shares of the company’s stock valued at $182,688,000 after buying an additional 3,428,794 shares in the last quarter. 1832 Asset Management L.P. grew its position in shares of ON by 36.2% in the 4th quarter. 1832 Asset Management L.P. now owns 3,160,000 shares of the company’s stock worth $85,225,000 after buying an additional 840,600 shares during the last quarter. Bamco Inc. NY raised its stake in shares of ON by 243.0% during the 3rd quarter. Bamco Inc. NY now owns 3,028,002 shares of the company’s stock worth $84,239,000 after acquiring an additional 2,145,318 shares in the last quarter. Finally, Invesco Ltd. lifted its position in ON by 2.7% during the third quarter. Invesco Ltd. now owns 2,908,297 shares of the company’s stock valued at $80,909,000 after acquiring an additional 76,518 shares during the last quarter. 33.11% of the stock is owned by institutional investors.

About ON

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.