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NYSE:ONON

ON (ONON) Stock Price, News & Analysis

$35.52
+0.78 (+2.25%)
(As of 01:04 PM ET)
Today's Range
$34.72
$35.94
50-Day Range
$26.05
$35.61
52-Week Range
$23.41
$37.08
Volume
2.65 million shs
Average Volume
5.69 million shs
Market Capitalization
$22.34 billion
P/E Ratio
131.56
Dividend Yield
N/A
Price Target
$35.89

ON MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
0.4% Upside
$35.89 Price Target
Short Interest
Healthy
14.36% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.04mentions of ON in the last 14 days
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.

2.31 out of 5 stars

Consumer Discretionary Sector

202nd out of 274 stocks

Rubber & Plastics Footwear Industry

4th out of 4 stocks

ONON stock logo

About ON Stock (NYSE:ONON)

On Holding AG develops and distributes sports products worldwide. It offers athletic footwear, apparel, and accessories. The company 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

ONON Stock News Headlines

ON Holdings Stock Price Tumbles: Is Now The Time to Buy?
ON Holding's NYSE: ONON stock price is down 15% following the Q4 results and presents a solid buying opportunity. The move is alarming and may impact the price action in the near term, but technical and fundamental factors suggest higher prices will come over time.
ON Holdings Stock Price Tumbles: Is Now The Time to Buy?
ON Holdings had a solid quarter despite missing consensus. Analysts are defending the stock and setting it up to rebound later this year.
the most reliable asset on earth is making a comeback
Global tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Katie Britt Got Weird On TV Again
3 Neglected Small-Cap Stocks With Solid Fundamentals
See More Headlines
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Company Calendar

Last Earnings
11/14/2023
Today
3/28/2024
Next Earnings (Estimated)
5/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Rubber & plastics footwear
Sub-Industry
N/A
Fax
N/A
Employees
2,353
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$35.89
High Stock Price Target
$46.00
Low Stock Price Target
$19.30
Potential Upside/Downside
+0.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
16 Analysts

Profitability

Net Income
$88.67 million
Pretax Margin
3.86%

Debt

Sales & Book Value

Annual Sales
$1.79 billion
Cash Flow
$0.27 per share
Book Value
$1.90 per share

Miscellaneous

Free Float
197,702,000
Market Cap
$22.49 billion
Optionable
Optionable
Beta
2.18
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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

Should I Buy ON Stock? ONON Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of ON was last updated on Tuesday, March 26, 2024 at 12:05 AM.

Pros

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

  • On Holding AG has shown a consistent trend of revenue growth over the past year, indicating a positive trajectory for the company's financial performance.
  • The company's innovative and sustainable approach to product design, especially with its latest models like the Cloudmonster, Cloudrunner, and Cloudgo, has attracted attention from both consumers and investors.
  • Recent institutional investments in On Holding AG, such as Adage Capital Partners GP L.L.C. acquiring 43,000 shares, demonstrate confidence in the company's future prospects.
  • Analyst ratings, including "outperform" and "buy" recommendations, suggest a favorable outlook for the stock's performance in the market.
  • On Holding AG's stock price has shown resilience and stability, with a 52-week low of $19.90 and a 52-week high of $37.08, indicating potential for growth.

Cons

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

  • Concerns raised by analysts and investors regarding the company's inventory levels and sales, general, and administrative expenses, which could impact profitability in the short term.
  • The stock's price-to-earnings ratio of 120.11 may indicate an overvaluation compared to industry peers, potentially posing a risk for investors looking for undervalued opportunities.
  • While the company raised full-year sales guidance, investor sentiment did not reflect significant enthusiasm, suggesting a cautious approach towards future growth expectations.
  • Market competition from established brands like Nike, Adidas, and Under Armour could pose challenges for On Holding AG in gaining and maintaining market share in the athletic footwear industry.
  • The beta of 2.18 for On Holding AG indicates higher volatility compared to the market average, which may lead to increased risk for investors seeking stable returns.

ONON Stock Analysis - Frequently Asked Questions

Should I buy or sell ON stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ON in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street 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?

16 analysts have issued twelve-month price objectives for ON's stock. Their ONON share price targets range from $19.30 to $46.00. On average, they anticipate the company's share price to reach $35.89 in the next year. This suggests a possible upside of 0.4% 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 shares have increased by 32.6% and is now trading at $35.75.
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) announced its earnings results on Tuesday, November, 14th. The company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.06. The firm earned $480.50 million during the quarter, compared to analyst estimates of $453.31 million. ON had a trailing twelve-month return on equity of 6.85% and a net margin of 4.04%. The company's revenue was up 46.5% on a year-over-year basis. During the same quarter last year, the company posted $0.06 earnings per share.

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 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 institutional and retail investors. Top institutional shareholders include Nuveen Asset Management LLC (0.64%), 1832 Asset Management L.P. (0.50%), Price T Rowe Associates Inc. MD (0.44%), Price T Rowe Associates Inc. MD (0.44%), Jennison Associates LLC (0.40%) and Norges Bank (0.34%).

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 3/28/2024 by MarketBeat.com Staff

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