ON (NYSE:ONON) Sets New 12-Month High at $42.47

On Holding AG (NYSE:ONONGet Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $42.47 and last traded at $41.56, with a volume of 616064 shares traded. The stock had previously closed at $41.82.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays increased their price objective on shares of ON from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. TD Cowen raised their price target on shares of ON from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Redburn Atlantic reaffirmed a “neutral” rating and set a $34.00 price target on shares of ON in a report on Thursday, March 7th. William Blair began coverage on shares of ON in a report on Tuesday, April 16th. They set an “outperform” rating for the company. Finally, Needham & Company LLC raised their price target on shares of ON from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, ON currently has an average rating of “Moderate Buy” and an average target price of $40.67.

Get Our Latest Analysis on ONON

ON Trading Down 0.1 %

The stock’s 50-day moving average price is $34.36 and its 200-day moving average price is $31.18. The company has a market capitalization of $26.82 billion, a P/E ratio of 96.82, a P/E/G ratio of 1.26 and a beta of 2.17.

ON (NYSE:ONONGet Free Report) last posted its quarterly earnings results on Tuesday, March 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). ON had a return on equity of 11.13% and a net margin of 6.46%. The business had revenue of $504.69 million during the quarter, compared to the consensus estimate of $515.30 million. Sell-side analysts expect that On Holding AG will post 0.77 earnings per share for the current fiscal year.

Institutional Trading of ON

Several hedge funds have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. bought a new stake in ON in the 1st quarter valued at about $486,000. Price T Rowe Associates Inc. MD lifted its position in ON by 0.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,787,871 shares of the company’s stock valued at $98,636,000 after purchasing an additional 14,674 shares during the last quarter. BOKF NA bought a new stake in ON in the 1st quarter valued at about $4,721,000. Boulder Hill Capital Management LP lifted its position in ON by 52.8% in the 1st quarter. Boulder Hill Capital Management LP now owns 112,800 shares of the company’s stock valued at $3,991,000 after purchasing an additional 39,000 shares during the last quarter. Finally, HAP Trading LLC bought a new stake in ON in the 1st quarter valued at about $923,000. 33.11% of the stock is currently owned by institutional investors.

About ON

(Get Free Report)

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.

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