J.W. Cole Advisors Inc. Has $508,000 Stake in On Holding AG (NYSE:ONON)

J.W. Cole Advisors Inc. increased its holdings in shares of On Holding AG (NYSE:ONONFree Report) by 7.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,355 shares of the company’s stock after purchasing an additional 1,000 shares during the period. J.W. Cole Advisors Inc.’s holdings in ON were worth $508,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. American Century Companies Inc. increased its position in shares of ON by 109.3% during the third quarter. American Century Companies Inc. now owns 6,566,787 shares of the company’s stock worth $182,688,000 after acquiring an additional 3,428,794 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of ON by 36.2% in the fourth quarter. 1832 Asset Management L.P. now owns 3,160,000 shares of the company’s stock valued at $85,225,000 after purchasing an additional 840,600 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of ON by 30.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,224,894 shares of the company’s stock worth $78,717,000 after buying an additional 516,478 shares during the period. Norges Bank bought a new position in shares of ON during the fourth quarter worth about $57,916,000. Finally, Wellington Management Group LLP acquired a new stake in ON in the 4th quarter valued at approximately $34,420,000. 33.11% of the stock is currently owned by institutional investors and hedge funds.

ON Trading Up 1.5 %

Shares of ON stock opened at $37.19 on Friday. On Holding AG has a 1-year low of $23.41 and a 1-year high of $44.30. The company has a market cap of $23.42 billion, a PE ratio of 84.52, a price-to-earnings-growth ratio of 1.08 and a beta of 2.22. The company has a 50 day moving average of $38.31 and a 200-day moving average of $33.42.

ON (NYSE:ONONGet Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.20. ON had a return on equity of 11.13% and a net margin of 6.46%. The company had revenue of $581.41 million during the quarter, compared to analysts’ expectations of $555.52 million. Research analysts forecast that On Holding AG will post 0.78 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ONON. JPMorgan Chase & Co. raised their price target on shares of ON from $40.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. TD Cowen lifted their price target on shares of ON from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Truist Financial restated a “buy” rating and issued a $46.00 price objective on shares of ON in a report on Tuesday, June 18th. Stifel Nicolaus reiterated a “buy” rating and set a $41.00 target price on shares of ON in a report on Thursday, May 16th. Finally, Sanford C. Bernstein assumed coverage on ON in a research report on Tuesday, June 11th. They set an “outperform” rating and a $50.00 price target on the stock. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.53.

Read Our Latest Report on ONON

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.

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Institutional Ownership by Quarter for ON (NYSE:ONON)

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