Lisanti Capital Growth LLC Takes Position in On Holding AG $ONON

Lisanti Capital Growth LLC acquired a new position in shares of On Holding AG (NYSE:ONON) during the second quarter, HoldingsChannel.com reports. The firm acquired 76,435 shares of the company’s stock, valued at approximately $3,978,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ONON. Bison Wealth LLC grew its stake in shares of ON by 35.7% in the 4th quarter. Bison Wealth LLC now owns 9,291 shares of the company’s stock valued at $509,000 after buying an additional 2,442 shares during the period. OneDigital Investment Advisors LLC grew its holdings in shares of ON by 9.5% during the 1st quarter. OneDigital Investment Advisors LLC now owns 6,282 shares of the company’s stock worth $276,000 after purchasing an additional 544 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of ON by 11.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 413,491 shares of the company’s stock worth $18,161,000 after purchasing an additional 40,837 shares during the period. Stratos Wealth Partners LTD. increased its position in shares of ON by 10.5% during the 1st quarter. Stratos Wealth Partners LTD. now owns 28,707 shares of the company’s stock worth $1,261,000 after purchasing an additional 2,738 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in ON by 52.8% in the 1st quarter. Allworth Financial LP now owns 2,363 shares of the company’s stock valued at $106,000 after buying an additional 817 shares during the period. Institutional investors and hedge funds own 36.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ONON. Piper Sandler dropped their price target on shares of ON from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday. TD Cowen dropped their target price on shares of ON from $63.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Telsey Advisory Group restated an “outperform” rating and set a $65.00 price target on shares of ON in a research note on Wednesday. Morgan Stanley raised their price target on ON from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of ON in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, ON presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.05.

ON Stock Down 1.4%

ONON stock opened at $35.01 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.00 and a current ratio of 2.53. On Holding AG has a fifty-two week low of $34.38 and a fifty-two week high of $64.05. The firm has a market capitalization of $22.04 billion, a price-to-earnings ratio of 77.79, a PEG ratio of 4.35 and a beta of 2.18. The company’s 50 day moving average price is $42.23 and its 200 day moving average price is $48.40.

ON (NYSE:ONON) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.35). The firm had revenue of $944.29 million during the quarter, compared to analyst estimates of $707.74 million. ON had a net margin of 4.45% and a return on equity of 8.75%. ON’s revenue for the quarter was up 32.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 earnings per share. ON has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that On Holding AG will post 0.66 EPS for the current fiscal year.

ON Profile

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.