On Holding AG (NYSE:ONON) Shares Purchased by Stephens Inc. AR

Stephens Inc. AR boosted its holdings in On Holding AG (NYSE:ONONFree Report) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,150 shares of the company’s stock after acquiring an additional 2,200 shares during the quarter. Stephens Inc. AR’s holdings in ON were worth $867,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ONON. Spire Wealth Management increased its position in ON by 91.0% in the 3rd quarter. Spire Wealth Management now owns 972 shares of the company’s stock valued at $27,000 after acquiring an additional 463 shares during the period. Orion Capital Management LLC increased its position in ON by 1,100.0% in the 4th quarter. Orion Capital Management LLC now owns 1,200 shares of the company’s stock valued at $32,000 after acquiring an additional 1,100 shares during the period. VisionPoint Advisory Group LLC acquired a new stake in ON in the 4th quarter valued at approximately $32,000. Global Wealth Management Investment Advisory Inc. acquired a new stake in ON in the 4th quarter valued at approximately $33,000. Finally, Asset Dedication LLC bought a new position in ON during the 3rd quarter valued at $35,000. 33.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ONON. Barclays increased their price target on ON from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. UBS Group increased their price target on ON from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Truist Financial raised ON from a “hold” rating to a “buy” rating and increased their price target for the company from $34.00 to $46.00 in a research note on Tuesday, May 28th. Morgan Stanley increased their price target on ON from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Finally, TD Cowen increased their price target on ON from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $41.13.

Read Our Latest Research Report on ONON

ON Trading Up 0.9 %

Shares of NYSE:ONON opened at $42.75 on Tuesday. On Holding AG has a 1 year low of $23.41 and a 1 year high of $43.54. The business has a fifty day simple moving average of $35.50 and a 200 day simple moving average of $32.04. The firm has a market cap of $26.92 billion, a price-to-earnings ratio of 97.16, a P/E/G ratio of 1.25 and a beta of 2.27.

ON (NYSE:ONONGet Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.20. ON had a return on equity of 11.13% and a net margin of 6.46%. The business had revenue of $581.41 million during the quarter, compared to analyst estimates of $555.52 million. On average, sell-side analysts forecast that On Holding AG will post 0.77 EPS for the current year.

About ON

(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.

See Also

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Institutional Ownership by Quarter for ON (NYSE:ONON)

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