On Holding AG (NYSE:ONON) Stock Has Average Target Price of $43.56

On Holding AG (NYSE:ONON) has received an average rating of “Moderate Buy” from the thirty-one research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $43.81.

Several research analysts recently commented on ONON shares. Wells Fargo & Company assumed coverage on ON in a research note on Wednesday, November 4th. They set an “overweight” rating and a $48.00 target price for the company. Cantor Fitzgerald began coverage on ON in a research report on Tuesday. They issued an “overweight” rating and a $46.00 price target on the stock. Robert W. Baird reduced their price target on ON from $70.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 12th. Berenberg Bank set a $38.00 price objective on ON in a research note on Monday, September 14th. Finally, Bank of America lowered their price objective on ON from $46.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, September 17th.

Insider Activity at ON

In other news, CEO Caspar Coppetti purchased 65,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average price of $30.67 per share, for a total transaction of $1,993,550.00. Following the completion of the purchase, the chief executive officer directly owned 2,440,855 shares of the company’s stock, valued at $74,861,022.85. The trade was a 2.74% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Olivier Bernhard purchased 65,000 shares of the stock in a transaction on Friday, August 14th. The shares were purchased at an average price of $30.67 per share, with a total value of $1,993,550.00. Following the acquisition, the insider directly owned 5,228,184 shares in the company, valued at $160,348,403.28. This represents a 1.26% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

Institutional Investors Weigh In On ON

Institutional investors have recently modified their holdings of the company. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of ON by 5,181.2% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 845 shares of the company’s stock valued at $25,000 after acquiring an additional 829 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in ON by 69.6% in the first quarter. EverSource Wealth Advisors LLC now owns 760 shares of the company’s stock valued at $26,000 after purchasing an additional 312 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in ON during the first quarter worth approximately $34,000. Guardian Partners Inc. acquired a new stake in ON during the third quarter worth approximately $41,000. Finally, Signaturefd LLC raised its holdings in ON by 29.5% during the third quarter. Signaturefd LLC now owns 1,598 shares of the company’s stock worth $47,000 after purchasing an additional 364 shares in the last quarter. 36.39% of the stock is owned by hedge funds and other institutional investors.

ON News Summary

Here are the key news stories impacting ON this week:

• Positive Sentiment: Q3 sales rose 17.2% to CHF 931.4 million, while earnings of about $0.65 per share topped analyst estimates. Direct-to-consumer sales grew 25%, and net income increased 36.9%. On Holding beats Q3 earnings and revenue estimates
• Positive Sentiment: The company raised its comparable full-year gross-margin outlook to around 66%. Cantor Fitzgerald also initiated coverage with an Overweight rating and a $46 price target. On raises 2026 gross margin outlook Cantor Fitzgerald rating
• Negative Sentiment: Reported Q3 gross margin was boosted by CHF 52.6 million in U.S. tariff refunds, raising concerns that the profit strength may not be fully repeatable. On Holding Q3 2026 results
• Negative Sentiment: On kept its full-year sales-growth outlook in the low-20% range at constant currency and did not raise its comparable EBITDA outlook. Wholesale growth of 13.2% also trailed DTC growth, contributing to disappointment after strong quarterly results. Tariff-inflated margins and unchanged sales outlook

ON Stock Down 7.5%

Shares of NYSE ONON opened at $34.72 on Wednesday. The business’s 50 day moving average is $31.79 and its two-hundred day moving average is $36.41. 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 firm has a market cap of $22.16 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 0.74 and a beta of 2.05.

ON (NYSE:ONON) last announced its earnings results 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 for the quarter, compared to analysts’ expectations of $1.09 billion. ON had a net margin of 12.09% and a return on equity of 22.92%. The business’s revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.09) earnings per share. Research analysts predict that ON will post 1.50 EPS for the current year.

ON Company Profile

On Holding AG, which trades on the New York Stock Exchange under the symbol ONON, is a Swiss sportswear company that develops and sells performance footwear, apparel and accessories. Its products serve runners and other athletes, as well as consumers seeking athletic-inspired everyday wear. The company is known for its running shoes, which feature its CloudTec cushioning technology. On also offers apparel and equipment for activities including running, training and outdoor sports, selling through wholesale partners and its own retail and online channels.