On Holding AG (NYSE:ONON) Receives Consensus Recommendation of “Moderate Buy” from Analysts

On Holding AG (NYSE:ONON) has received a consensus rating of “Moderate Buy” from the twenty-two ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, fifteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $55.0526.

Several research firms have weighed in on ONON. Guggenheim restated a “buy” rating and set a $51.00 target price on shares of ON in a research note on Wednesday, May 13th. Raymond James Financial raised ON from an “outperform” rating to a “strong-buy” rating and set a $52.00 price target for the company in a report on Thursday, April 23rd. Stifel Nicolaus set a $58.00 price objective on ON in a research note on Tuesday, March 3rd. UBS Group reiterated a “buy” rating on shares of ON in a research report on Thursday, February 19th. Finally, Needham & Company LLC lowered their target price on ON from $52.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th.

ON Stock Performance

NYSE:ONON opened at $39.18 on Friday. The stock has a 50 day simple moving average of $36.50 and a 200 day simple moving average of $41.75. The stock has a market cap of $25.00 billion, a P/E ratio of 42.13, a PEG ratio of 0.74 and a beta of 2.10. ON has a 1-year low of $31.41 and a 1-year high of $56.81. The company has a current ratio of 2.98, a quick ratio of 2.39 and a debt-to-equity ratio of 0.26.

ON (NYSE:ONON) last issued its earnings results on Tuesday, May 12th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.35 by $0.11. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. ON had a net margin of 7.92% and a return on equity of 15.72%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 EPS. Research analysts anticipate that ON will post 1.47 earnings per share for the current year.

Insider Activity at ON

In related news, CEO Caspar Felix Coppetti purchased 60,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $36.64 per share, for a total transaction of $2,198,400.00. Following the completion of the acquisition, the chief executive officer owned 2,375,855 shares of the company’s stock, valued at approximately $87,051,327.20. This represents a 2.59% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Martin Hoffmann sold 4,150 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $35.84, for a total value of $148,736.00. Following the completion of the transaction, the chief executive officer owned 1,385,099 shares of the company’s stock, valued at $49,641,948.16. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders purchased 180,000 shares of company stock valued at $6,594,000 and sold 20,750 shares valued at $745,838. 68.57% of the stock is owned by insiders.

Hedge Funds Weigh In On ON

Institutional investors and hedge funds have recently bought and sold shares of the company. Caitlin John LLC acquired a new position in shares of ON in the fourth quarter valued at approximately $25,000. Cullen Frost Bankers Inc. boosted its position in ON by 639.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 540 shares of the company’s stock worth $25,000 after buying an additional 467 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in ON during the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd grew its holdings in ON by 555.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 701 shares of the company’s stock worth $33,000 after acquiring an additional 594 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in ON by 69.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 760 shares of the company’s stock valued at $26,000 after acquiring an additional 312 shares during the period. Institutional investors and hedge funds own 36.39% of the company’s stock.

ON Company Profile

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.