SG Americas Securities LLC lowered its position in On Holding AG (NYSE:ONON - Free Report) by 28.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 303,811 shares of the company's stock after selling 119,843 shares during the quarter. SG Americas Securities LLC's holdings in ON were worth $15,236,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. William Blair Investment Management LLC purchased a new position in shares of ON during the first quarter valued at approximately $121,712,000. Price T Rowe Associates Inc. MD lifted its stake in shares of ON by 0.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,787,871 shares of the company's stock worth $98,636,000 after acquiring an additional 14,674 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in ON by 66,838.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,409,800 shares of the company's stock valued at $93,500,000 after acquiring an additional 2,406,200 shares during the period. Allspring Global Investments Holdings LLC grew its position in ON by 30.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,224,894 shares of the company's stock valued at $78,717,000 after acquiring an additional 516,478 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in ON in the first quarter worth $65,898,000. Institutional investors own 33.11% of the company's stock.
ON Price Performance
NYSE ONON traded up $2.04 during trading on Friday, hitting $51.71. The company's stock had a trading volume of 3,510,880 shares, compared to its average volume of 5,164,025. On Holding AG has a fifty-two week low of $23.41 and a fifty-two week high of $52.16. The company has a market cap of $32.56 billion, a PE ratio of 117.52, a P/E/G ratio of 1.26 and a beta of 2.24. The business's 50 day simple moving average is $45.24 and its 200-day simple moving average is $39.81.
ON (NYSE:ONON - Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04). ON had a return on equity of 13.02% and a net margin of 7.42%. The company had revenue of $627.66 million during the quarter, compared to analyst estimates of $634.43 million. Analysts expect that On Holding AG will post 0.82 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. Sanford C. Bernstein initiated coverage on shares of ON in a report on Tuesday, June 11th. They issued an "outperform" rating and a $50.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of ON from $40.00 to $47.00 and gave the company an "overweight" rating in a research note on Monday, June 17th. Telsey Advisory Group reiterated an "outperform" rating and issued a $47.00 price target on shares of ON in a report on Tuesday, August 13th. Raymond James initiated coverage on ON in a report on Wednesday, July 31st. They set an "outperform" rating and a $46.00 price objective on the stock. Finally, Morgan Stanley increased their price target on ON from $44.00 to $46.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 14th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat, ON presently has an average rating of "Moderate Buy" and a consensus target price of $48.90.
View Our Latest Stock Report on ON
ON Company Profile
(
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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