Janney Montgomery Scott LLC Has $3.19 Million Stock Holdings in On Holding AG (NYSE:ONON)

Janney Montgomery Scott LLC reduced its position in On Holding AG (NYSE:ONON - Free Report) by 27.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 63,685 shares of the company's stock after selling 24,359 shares during the quarter. Janney Montgomery Scott LLC's holdings in ON were worth $3,194,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Blair William & Co. IL purchased a new position in ON during the first quarter worth about $502,000. Acadian Asset Management LLC purchased a new position in shares of ON during the 1st quarter worth approximately $8,094,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of ON by 100.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,281,339 shares of the company's stock valued at $49,716,000 after buying an additional 642,894 shares during the period. Private Advisor Group LLC purchased a new stake in shares of ON in the first quarter valued at approximately $521,000. Finally, Coronation Fund Managers Ltd. grew its holdings in ON by 248.6% during the second quarter. Coronation Fund Managers Ltd. now owns 154,903 shares of the company's stock worth $6,010,000 after acquiring an additional 110,467 shares during the period. Hedge funds and other institutional investors own 33.11% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ONON shares. KeyCorp boosted their target price on shares of ON from $47.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, September 26th. Stifel Nicolaus increased their target price on shares of ON from $45.00 to $59.00 and gave the company a "buy" rating in a report on Wednesday, September 18th. Barclays boosted their price target on ON from $40.00 to $47.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 14th. Morgan Stanley raised their price objective on ON from $44.00 to $46.00 and gave the company an "overweight" rating in a research note on Wednesday, August 14th. Finally, HSBC began coverage on ON in a research report on Thursday, September 5th. They set a "hold" rating and a $52.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $50.37.

ON Stock Up 2.4 %

Shares of ONON traded up $1.22 during midday trading on Monday, hitting $52.71. The company had a trading volume of 10,626,189 shares, compared to its average volume of 4,963,220. On Holding AG has a 52 week low of $24.15 and a 52 week high of $53.72. The company's 50 day moving average price is $48.85 and its 200 day moving average price is $42.61. The stock has a market cap of $33.19 billion, a price-to-earnings ratio of 97.15 and a beta of 2.25.

ON (NYSE:ONON - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). ON had a return on equity of 13.02% and a net margin of 7.42%. The firm had revenue of $627.66 million for the quarter, compared to the consensus estimate of $634.43 million. Equities analysts anticipate that On Holding AG will post 0.75 EPS for the current fiscal year.

ON Company Profile

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.