On Holding AG (NYSE:ONON) Receives $44.75 Average Price Target from Analysts

Shares of On Holding AG (NYSE:ONON) have been assigned a consensus rating of “Moderate Buy” from the twenty-seven ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, eighteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $43.9167.

Several brokerages recently commented on ONON. Evercore set a $40.00 price objective on shares of ON in a research note on Wednesday, August 12th. The Goldman Sachs Group set a $42.00 target price on shares of ON in a research note on Wednesday, August 12th. Raymond James Financial downgraded shares of ON from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $52.00 to $38.00 in a report on Wednesday, August 12th. Jefferies Financial Group set a $20.00 price target on ON in a research note on Tuesday, August 11th. Finally, Weiss Ratings downgraded ON from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, September 8th.

ON Stock Up 0.7%

Shares of NYSE ONON opened at $27.33 on Tuesday. The company has a market cap of $17.44 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 0.54 and a beta of 2.08. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 0.25. ON has a 12 month low of $26.36 and a 12 month high of $51.08. The stock has a 50-day moving average price of $32.68 and a two-hundred day moving average price of $35.59.

ON (NYSE:ONON) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.09 billion. ON had a net margin of 12.09% and a return on equity of 22.92%. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.09) earnings per share. As a group, analysts forecast that ON will post 1.49 earnings per share for the current fiscal year.

ON News Summary

Here are the key news stories impacting ON this week:

• Positive Sentiment: Berenberg Bank upgraded On Holding to “strong buy,” while BTIG reaffirmed its “buy” rating and maintained a $60 price target—more than double the latest quoted share price. Berenberg Bank upgrade
• Positive Sentiment: Some valuation analysis suggests ONON could be substantially undervalued based on its earnings outlook, and its direct-to-consumer mix has reached a record level. New product launches could also support future growth. On Holding valuation analysis
• Neutral Sentiment: The investment case is mixed: On Holding continues to post year-over-year growth, but recent earnings and revenue came in below analyst expectations, increasing the importance of a stronger product and wholesale performance.
• Negative Sentiment: ONON has fallen roughly 30% over the past three months as Americas wholesale trends weakened and the company limited sell-in to retailers. The stock is trading near two-year lows, indicating persistent technical and sentiment pressure. On Holding stock decline analysis
• Negative Sentiment: Put-option activity was unusually heavy, with traders purchasing 42,982 puts—191% above average daily volume. This signals increased hedging or bearish speculation and may be contributing to near-term pressure on the shares. Options trading activity

Insider Transactions at ON

In other news, CEO Caspar Coppetti bought 65,000 shares of the company’s stock in a transaction on Friday, August 14th. The stock was purchased at an average cost of $30.67 per share, for a total transaction of $1,993,550.00. Following the completion of the transaction, the chief executive officer owned 2,440,855 shares of the company’s stock, valued at $74,861,022.85. This trade represents a 2.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Olivier Bernhard bought 65,000 shares of the company’s stock in a transaction on Friday, August 14th. The stock was purchased at an average price of $30.67 per share, with a total value of $1,993,550.00. Following the completion of the transaction, the insider directly owned 5,228,184 shares of the company’s stock, valued at approximately $160,348,403.28. The trade was a 1.26% increase in their position. The disclosure for this purchase is available in the SEC filing. 68.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ONON. Sequoia Financial Advisors LLC acquired a new stake in ON during the 2nd quarter worth approximately $223,000. Capital Analysts LLC grew its holdings in ON by 15.5% during the 2nd quarter. Capital Analysts LLC now owns 6,049 shares of the company’s stock worth $214,000 after acquiring an additional 810 shares during the last quarter. NewEdge Advisors LLC increased its position in ON by 26.8% in the 2nd quarter. NewEdge Advisors LLC now owns 25,494 shares of the company’s stock valued at $903,000 after acquiring an additional 5,394 shares during the period. TD Waterhouse Canada Inc. increased its position in ON by 44.1% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 18,378 shares of the company’s stock valued at $654,000 after acquiring an additional 5,625 shares during the period. Finally, Concurrent Investment Advisors LLC bought a new position in shares of ON during the second quarter valued at $288,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

ON Company Profile

On Holding AG, known as On, is a Swiss sportswear company that develops and sells performance footwear, apparel and accessories. The company is particularly recognized for its running shoes, which incorporate proprietary technologies such as CloudTec cushioning and Speedboard components designed to support comfort, responsiveness and energy return.

On serves athletes and consumers across categories including running, outdoor activities, training and everyday performance. Its products are sold through the company’s direct-to-consumer channels, including its website and branded retail stores, as well as through a network of wholesale partners in markets around the world.

On was founded in 2010 in Switzerland by Olivier Bernhard, David Allemann and Caspar Coppetti.