Natixis Advisors L.P. Acquires Shares of 20,731 On Holding AG (NYSE:ONON)

Natixis Advisors L.P. acquired a new stake in shares of On Holding AG (NYSE:ONON) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 20,731 shares of the company’s stock, valued at approximately $643,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. US Bancorp DE increased its holdings in shares of ON by 32.7% during the 1st quarter. US Bancorp DE now owns 1,417 shares of the company’s stock valued at $44,000 after purchasing an additional 349 shares in the last quarter. Vista Capital Partners Inc. increased its holdings in shares of ON by 8.0% during the 1st quarter. Vista Capital Partners Inc. now owns 13,500 shares of the company’s stock valued at $419,000 after purchasing an additional 1,000 shares in the last quarter. Mitchell Capital Management Co. increased its holdings in shares of ON by 2.0% during the 1st quarter. Mitchell Capital Management Co. now owns 64,431 shares of the company’s stock valued at $1,999,000 after purchasing an additional 1,282 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of ON by 70.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,009 shares of the company’s stock valued at $85,000 after purchasing an additional 2,071 shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its holdings in shares of ON by 11.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 23,745 shares of the company’s stock valued at $408,000 after purchasing an additional 2,366 shares in the last quarter. 18.64% of the stock is currently owned by institutional investors and hedge funds.

ON Trading Up 1.8 %

Shares of ONON stock opened at $30.61 on Thursday. The company’s 50-day moving average price is $32.65 and its 200-day moving average price is $29.80. The stock has a market cap of $19.20 billion, a price-to-earnings ratio of 218.61, a PEG ratio of 1.69 and a beta of 2.27. On Holding AG has a twelve month low of $15.44 and a twelve month high of $37.08.

ON (NYSE:ONON) last announced its quarterly earnings results on Tuesday, August 15th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.07). ON had a net margin of 2.59% and a return on equity of 3.98%. The firm had revenue of $444.30 million for the quarter, compared to analyst estimates of $418.09 million. During the same period in the previous year, the firm posted $0.16 EPS. The company’s revenue was up 52.4% compared to the same quarter last year. As a group, equities research analysts predict that On Holding AG will post 0.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. 51job reissued a “maintains” rating on shares of ON in a report on Wednesday, May 17th. Piper Sandler boosted their price target on shares of ON from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, July 13th. UBS Group boosted their price target on shares of ON from $42.00 to $46.00 in a report on Tuesday, August 8th. The Goldman Sachs Group cut their price target on shares of ON from $41.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, August 17th. Finally, Telsey Advisory Group boosted their price target on shares of ON from $37.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.95.

ON Profile

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.