Should I buy or sell ON stock right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ON in the last twelve months. There are currently 4 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ONON shares. View ONON analyst ratings or view top-rated stocks .

What is ON's stock price target for 2024?

17 equities research analysts have issued 12 month target prices for ON's shares. Their ONON share price targets range from $30.00 to $46.00. On average, they anticipate the company's stock price to reach $37.13 in the next year. This suggests a possible upside of 15.0% from the stock's current price. View analysts price targets for ONON or view top-rated stocks among Wall Street analysts .

How have ONON shares performed in 2024?

ON's stock was trading at $26.97 on January 1st, 2024. Since then, ONON stock has increased by 19.8% and is now trading at $32.30. View the best growth stocks for 2024 here .

When is ON's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 21st 2024. View our ONON earnings forecast .

How were ON's earnings last quarter?

On Holding AG (NYSE:ONON) posted 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. The business had revenue of $504.69 million for the quarter, compared to analysts' expectations of $515.30 million. ON had a net margin of 4.04% and a trailing twelve-month return on equity of 6.85%.

What ETFs hold ON's stock?

ETFs with the largest weight of ON (NYSE:ONON) stock in their portfolio include Northern Lights Fund Trust IV - Long Cramer Tracker ETF (LJIM) , Global X Health & Wellness ETF (BFIT) , Innovator IBD 50 ETF (FFTY) , Renaissance IPO ETF (IPO) , Touchstone Climate Transition ETF (HEAT) , Future Fund Long/Short ETF (FFLS) , Alger 35 ETF (ATFV) and American Century Mid Cap Growth Impact (MID) .

What guidance has ON issued on next quarter's earnings?

ON updated its first quarter 2024 earnings guidance on Tuesday, March, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $558.3 million-$558.3 million.

ON (ONON) raised $591 million in an initial public offering (IPO) on Wednesday, September 15th 2021. The company issued 31,100,000 shares at a price of $18.00-$20.00 per share.

Who are ON's major shareholders?

ON's stock is owned by many different retail and institutional investors. Top institutional shareholders include APEIRON CAPITAL Ltd (0.18%), IMC Chicago LLC (0.00%), Rheos Capital Works Inc. (0.05%), Norman Fields Gottscho Capital Management LLC (0.03%), Renaissance Capital LLC (0.02%) and Banque Cantonale Vaudoise (0.02%).

How do I buy shares of ON?

Shares of ONON stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:ONON

ON (ONON) Stock Price, News & Analysis

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$32.97

+0.76 (+2.36%)

(As of 12:10 PM ET)

Compare

Today's Range: $32.06
▼
$33.24
50-Day Range: $27.87
▼
$35.61
52-Week Range: $23.41
▼
$37.08

Volume: 1.33 million shs
Average Volume: 5.41 million shs
Market Capitalization: $20.76 billion

P/E Ratio: 122.11
Dividend Yield: N/A
Price Target: $37.13

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ON MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 15.0% Upside
$37.13 Price Target
Short Interest: Bearish
15.00% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.13
Based on 15 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 40.30%
From $0.67 to $0.94 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.04 out of 5 stars

Consumer Discretionary Sector

202nd out of 267 stocks

Rubber & Plastics Footwear Industry

4th out of 4 stocks

3.4

Analyst's Opinion

Consensus Rating
ON has received a consensus rating of Moderate Buy. The company's average rating score is 2.76, and is based on 13 buy ratings, 4 hold ratings, and no sell ratings.
Amount of Analyst Coverage
ON has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
15.00% of the float of ON has been sold short.
Short Interest Ratio / Days to Cover
ON has a short interest ratio ("days to cover") of 5.3.
Change versus previous month
Short interest in ON has recently decreased by 1.31%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
ON does not currently pay a dividend.
Dividend Growth
ON does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ONON.

1.0

News and Social Media Coverage

News Sentiment
ON has a news sentiment score of -0.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 15 news articles for ON this week, compared to 14 articles on an average week.
Search Interest
Only 33 people have searched for ONON on MarketBeat in the last 30 days. This is a decrease of -54% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added ON to their MarketBeat watchlist in the last 30 days. This is a decrease of -65% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ON insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 33.11% of the stock of ON is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for ON are expected to grow by 40.30% in the coming year, from $0.67 to $0.94 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ON is 119.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of ON is 119.63, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 13.64.
Price to Earnings Growth Ratio
ON has a PEG Ratio of 1.28. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
ON has a P/B Ratio of 17.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About ON Stock (NYSE:ONON)

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. The company was founded in 2010 and is headquartered in Zurich, Switzerland.

ONON Stock Price History

30 days | 90 days | 365 days | Advanced Chart

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Company Calendar

Last Earnings: 3/12/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/21/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Consumer Discretionary
Industry: Rubber & plastics footwear
Sub-Industry: N/A
Current Symbol: NYSE:ONON
CUSIP: N/A
CIK: 1858985
Web: www.on-running.com
Phone: 41-44-225-1555
Fax: N/A
Employees: 2,353
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $37.13
High Stock Price Target: $46.00
Low Stock Price Target: $30.00
Potential Upside/Downside: +15.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 16 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.27
Trailing P/E Ratio: 119.30
Forward P/E Ratio: 48.07
P/E Growth: 1.28
Net Income: $88.67 million
Net Margins: 4.04%
Pretax Margin: 3.86%
Return on Equity: 6.85%
Return on Assets: 4.52%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.77
Quick Ratio: 2.60

Sales & Book Value

Annual Sales: $2.00 billion
Price / Sales: 10.17
Cash Flow: $0.25 per share
Price / Cash Flow: 128.62
Book Value: $1.90 per share
Price / Book: 16.95

Miscellaneous

Outstanding Shares: 629,650,000
Free Float: N/A
Market Cap: $20.28 billion
Optionable: Optionable
Beta: 2.16

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Key Executives

Mr. David Allemann (Age 53)
Co-Founder & Executive Co-Chairman
Mr. Caspar Coppetti (Age 47)
Co-Founder & Executive Co-Chairman
Mr. Martin Hoffmann (Age 45)
Co-CEO & CFO
Mr. Marc Maurer (Age 42)
Co-Chief Executive Officer
Mr. Olivier Bernhard (Age 55)
Co-Founder & Executive Director
Ms. Jiahui Yin
Chief Operating Officer
Narek Verdian
Chief Technology Officer
Mr. Alex Griffin
Chief Marketing Officer
Ms. Noa Perry-Reifer
Chief People Officer
Mr. Gerald Marolf
Chief Product Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

Should I Buy ON Stock? ONON Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in On Holding AG:

On Holding AG specializes in eye-catching designs and emphasizes sustainability through its use of materials and high-performance specifications in their latest running shoe models like Cloudmonster, Cloudrunner, and Cloudgo.
Celebrity investors like Roger Federer and Gisele Bundchen have shown interest in On Holding AG, indicating a strong endorsement of the brand.
Big-money institutions have been increasing their investments in On Holding AG, with significant inflows from institutional buyers in the past 12 months.
The company raised its full-year sales guidance, suggesting positive growth prospects for the future.
Despite recent challenges, On Holding AG's revenue exceeded expectations, showcasing the company's ability to generate strong top-line performance.

Cons

Investors should be bearish about investing in On Holding AG for these reasons:

Concerns have been raised about On Holding AG's inventories, which saw a rise in the first six months of the year, potentially indicating inefficiencies in inventory management.
Sales, general, and administrative expenses, including marketing costs, have increased, impacting the company's bottom line and potentially affecting profitability.
Analysts and investors expressed worries about the company's recent performance, particularly in terms of net income missing views despite strong revenue figures.
On Holding AG faced a downdraft in August, which may have shaken investor confidence in the short term.
The stock price of On Holding AG has shown volatility, which could pose risks for investors seeking stable returns.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these ON pros and cons to contact@marketbeat.com.

ONON Stock Analysis - Frequently Asked Questions

Should I buy or sell ON stock right now?: 17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ON in the last twelve months. There are currently 4 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ONON shares.
View ONON analyst ratings or view top-rated stocks.
What is ON's stock price target for 2024?: 17 equities research analysts have issued 12 month target prices for ON's shares. Their ONON share price targets range from $30.00 to $46.00. On average, they anticipate the company's stock price to reach $37.13 in the next year. This suggests a possible upside of 15.0% from the stock's current price.
View analysts price targets for ONON or view top-rated stocks among Wall Street analysts.
How have ONON shares performed in 2024?: ON's stock was trading at $26.97 on January 1st, 2024. Since then, ONON stock has increased by 19.8% and is now trading at $32.30.
View the best growth stocks for 2024 here.
When is ON's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 21st 2024.
View our ONON earnings forecast.
How were ON's earnings last quarter?: On Holding AG (NYSE:ONON) posted 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. The business had revenue of $504.69 million for the quarter, compared to analysts' expectations of $515.30 million. ON had a net margin of 4.04% and a trailing twelve-month return on equity of 6.85%.
What ETFs hold ON's stock?: ETFs with the largest weight of ON (NYSE:ONON) stock in their portfolio include Northern Lights Fund Trust IV - Long Cramer Tracker ETF (LJIM), Global X Health & Wellness ETF (BFIT), Innovator IBD 50 ETF (FFTY), Renaissance IPO ETF (IPO), Touchstone Climate Transition ETF (HEAT), Future Fund Long/Short ETF (FFLS), Alger 35 ETF (ATFV) and American Century Mid Cap Growth Impact (MID).

What guidance has ON issued on next quarter's earnings?: ON updated its first quarter 2024 earnings guidance on Tuesday, March, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $558.3 million-$558.3 million.
When did ON IPO?: ON (ONON) raised $591 million in an initial public offering (IPO) on Wednesday, September 15th 2021. The company issued 31,100,000 shares at a price of $18.00-$20.00 per share.
Who are ON's major shareholders?: ON's stock is owned by many different retail and institutional investors. Top institutional shareholders include APEIRON CAPITAL Ltd (0.18%), IMC Chicago LLC (0.00%), Rheos Capital Works Inc. (0.05%), Norman Fields Gottscho Capital Management LLC (0.03%), Renaissance Capital LLC (0.02%) and Banque Cantonale Vaudoise (0.02%).
How do I buy shares of ON?: Shares of ONON stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ONON) was last updated on 4/16/2024 by MarketBeat.com Staff

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ON (ONON) Stock Price, News & Analysis

ON MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About ON Stock (NYSE:ONON)

ONON Stock Price History

ONON Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

Should I Buy ON Stock? ONON Pros and Cons Explained

Pros

Cons

ONON Stock Analysis - Frequently Asked Questions

Overall MarketRank^™