Villere ST Denis J & Co. LLC reduced its position in On Holding AG (NYSE:ONON - Free Report) by 21.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 742,186 shares of the company's stock after selling 206,534 shares during the period. ON comprises about 3.0% of Villere ST Denis J & Co. LLC's portfolio, making the stock its 9th biggest holding. Villere ST Denis J & Co. LLC owned about 0.12% of ON worth $37,221,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in ONON. William Blair Investment Management LLC acquired a new stake in ON in the first quarter valued at approximately $121,712,000. 1832 Asset Management L.P. grew its stake in ON by 66,838.9% in 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. Westfield Capital Management Co. LP purchased a new stake in ON in the 1st quarter worth $65,898,000. Acadian Asset Management LLC raised its position in ON by 574.3% during the second quarter. Acadian Asset Management LLC now owns 1,543,978 shares of the company's stock worth $59,878,000 after acquiring an additional 1,315,006 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in ON during the second quarter valued at $43,456,000. 33.11% of the stock is owned by hedge funds and other institutional investors.
ON Trading Up 2.2 %
ONON stock traded up $1.11 during midday trading on Friday, hitting $51.49. 4,770,503 shares of the company's stock were exchanged, compared to its average volume of 3,027,877. On Holding AG has a 1-year low of $24.15 and a 1-year high of $52.80. The stock has a market capitalization of $32.42 billion, a PE ratio of 97.15 and a beta of 2.25. The business has a 50-day simple moving average of $48.85 and a two-hundred day simple moving average of $42.54.
ON (NYSE:ONON - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.10 earnings per share (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 business had revenue of $627.66 million for the quarter, compared to analyst estimates of $634.43 million. As a group, research analysts expect that On Holding AG will post 0.75 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have recently commented on the stock. UBS Group boosted their target price on shares of ON from $55.00 to $61.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Evercore ISI raised ON to an "overweight" rating and increased their target price for the company from $43.00 to $47.00 in a report on Monday, August 12th. Raymond James began coverage on ON in a research note on Wednesday, July 31st. They issued an "outperform" rating and a $46.00 price target on the stock. Morgan Stanley increased 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, Barclays lifted their target price on shares of ON from $40.00 to $47.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 14th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, ON presently has a consensus rating of "Moderate Buy" and an average price target of $50.37.
Get Our Latest Stock Analysis 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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