ON (NYSE:ONON) Stock Price Target Lowered at Barclays

ON (NYSE:ONON) had its target price reduced by stock analysts at Barclays from $44.00 to $42.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 22.10% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Bank of America lowered their price objective on shares of ON from $46.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, September 17th. Truist Financial cut their target price on shares of ON from $48.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Telsey Advisory Group decreased their target price on ON from $51.00 to $43.00 and set an “outperform” rating for the company in a research note on Wednesday, August 12th. BMO Capital Markets restated a “market perform” rating and issued a $35.00 target price on shares of ON in a research note on Wednesday, October 28th. Finally, Weiss Ratings raised ON from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.93.

ON Stock Down 0.9%

Shares of NYSE:ONON traded down $0.30 during midday trading on Wednesday, reaching $34.40. The company had a trading volume of 1,394,584 shares, compared to its average volume of 7,374,282. The stock has a market capitalization of $21.95 billion, a P/E ratio of 23.34, a PEG ratio of 0.74 and a beta of 2.05. The stock’s fifty day moving average price is $31.79 and its 200-day moving average price is $36.41. 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 has a one year low of $26.36 and a one year high of $51.08.

ON (NYSE:ONON) last released 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). ON had a return on equity of 22.92% and a net margin of 12.09%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business earned ($0.09) EPS. The company’s quarterly revenue was up 13.5% on a year-over-year basis. Equities research analysts expect that ON will post 1.50 earnings per share for the current fiscal year.

Insider Buying and Selling at ON

In other news, CEO Caspar Coppetti purchased 65,000 shares of ON stock in a transaction dated Friday, August 14th. The stock was bought at an average price of $30.67 per share, with a total value of $1,993,550.00. Following the completion of the acquisition, the chief executive officer owned 2,440,855 shares in the company, valued at $74,861,022.85. The trade was a 2.74% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Olivier Bernhard purchased 65,000 shares of the stock in a transaction dated 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 transaction, the insider directly owned 5,228,184 shares of the company’s stock, valued at approximately $160,348,403.28. The trade was a 1.26% increase in their position. The disclosure for this purchase is available in the SEC filing.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in shares of ON by 2.3% in the second quarter. Wellington Management Group LLP now owns 2,751,615 shares of the company’s stock valued at $97,462,000 after purchasing an additional 62,404 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of ON by 116.8% during the third quarter. Pictet Asset Management Holding SA now owns 1,741,829 shares of the company’s stock worth $51,571,000 after buying an additional 938,285 shares during the period. Bessemer Group Inc. boosted its position in shares of ON by 5.7% during the first quarter. Bessemer Group Inc. now owns 1,194,774 shares of the company’s stock worth $40,647,000 after buying an additional 63,932 shares during the period. Voya Investment Management LLC boosted its position in shares of ON by 220.6% during the third quarter. Voya Investment Management LLC now owns 1,002,302 shares of the company’s stock worth $29,678,000 after buying an additional 689,634 shares during the period. Finally, Eurizon Capital SGR S.p.A. grew its holdings in ON by 159.9% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 931,031 shares of the company’s stock worth $27,568,000 after buying an additional 572,854 shares in the last quarter. 36.39% of the stock is owned by institutional investors and hedge funds.

ON News Summary

Investors following ONON have been watching these news items:

• Positive Sentiment: Q3 revenue grew 17.2% year over year to CHF 931.4 million, while earnings per share exceeded consensus estimates. Direct-to-consumer sales rose 25%, and Asia-Pacific sales increased 31.1%. Q3 results
• Positive Sentiment: Management expects Q4 growth to accelerate and raised its comparable full-year gross-margin outlook to about 66%, while projecting an adjusted EBITDA margin of 19.5%–20%. 2026 outlook
• Negative Sentiment: Investors have focused on the quality of the earnings beat: CHF 52.6 million in U.S. tariff refunds boosted reported profitability, while On left its low-20% full-year constant-currency sales-growth outlook unchanged. The lack of a broader guidance upgrade helped pressure shares after the results. Investor reaction and guidance

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.