Polen Capital Management LLC reduced its holdings in shares of On Holding AG (NYSE:ONON - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 278,383 shares of the company's stock after selling 17,135 shares during the period. Polen Capital Management LLC's holdings in ON were worth $15,247,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Capital Advisors Inc. OK increased its stake in ON by 3.2% during the 4th quarter. Capital Advisors Inc. OK now owns 6,386 shares of the company's stock valued at $350,000 after purchasing an additional 200 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in ON by 2.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company's stock valued at $516,000 after purchasing an additional 259 shares in the last quarter. Atria Investments Inc increased its stake in ON by 6.6% during the 4th quarter. Atria Investments Inc now owns 5,515 shares of the company's stock valued at $302,000 after purchasing an additional 341 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in ON by 3.6% during the 4th quarter. J.W. Cole Advisors Inc. now owns 10,708 shares of the company's stock valued at $586,000 after purchasing an additional 373 shares in the last quarter. Finally, Harbour Investments Inc. increased its stake in ON by 24.1% during the 4th quarter. Harbour Investments Inc. now owns 1,928 shares of the company's stock valued at $106,000 after purchasing an additional 375 shares in the last quarter. 36.39% of the stock is owned by hedge funds and other institutional investors.
ON Price Performance
Shares of ONON stock traded down $1.52 during mid-day trading on Thursday, hitting $45.56. The company had a trading volume of 4,426,069 shares, compared to its average volume of 4,341,538. On Holding AG has a 52-week low of $29.84 and a 52-week high of $64.05. The stock's 50 day moving average price is $53.63 and its 200-day moving average price is $52.66. The company has a market capitalization of $28.68 billion, a P/E ratio of 105.94, a P/E/G ratio of 1.02 and a beta of 2.35.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the stock. Citigroup assumed coverage on shares of ON in a research note on Wednesday, December 18th. They issued a "neutral" rating and a $65.00 price target for the company. Barclays lifted their price target on shares of ON from $63.00 to $64.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. KeyCorp reiterated an "overweight" rating and issued a $68.00 price target on shares of ON in a research note on Wednesday, March 5th. Morgan Stanley lifted their price target on shares of ON from $62.00 to $66.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group lowered shares of ON from a "buy" rating to a "neutral" rating and set a $57.00 target price for the company. in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, ON presently has a consensus rating of "Buy" and an average price target of $61.90.
Check Out Our Latest Stock Analysis on ONON
ON Company Profile
(
Free Report)
On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.
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