Stifel Nicolaus Lowers ON (NYSE:ONON) Price Target to $41.00

ON (NYSE:ONON) had its price objective dropped by analysts at Stifel Nicolaus from $60.00 to $41.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 32.17% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. Telsey Advisory Group dropped their price target on ON from $51.00 to $43.00 and set an “outperform” rating for the company in a research report on Wednesday. Guggenheim restated a “buy” rating and issued a $51.00 price objective on shares of ON in a research report on Wednesday, May 13th. Truist Financial decreased their price objective on ON from $48.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday. UBS Group dropped their price objective on ON from $83.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Zacks Research downgraded shares of ON from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $48.57.

ON Price Performance

Shares of ONON traded up $0.11 on Wednesday, reaching $31.02. The stock had a trading volume of 11,589,037 shares, compared to its average volume of 6,045,058. ON has a twelve month low of $30.11 and a twelve month high of $51.08. The company has a quick ratio of 2.39, a current ratio of 2.98 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average of $37.17 and a 200 day moving average of $38.81. The firm has a market capitalization of $19.79 billion, a PE ratio of 33.36, a PEG ratio of 0.71 and a beta of 2.12.

ON (NYSE:ONON) last posted its earnings results on Tuesday, May 12th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.11. ON had a net margin of 7.92% and a return on equity of 15.72%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm posted $0.21 EPS. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. Sell-side analysts expect that ON will post 1.52 EPS for the current year.

Insiders Place Their Bets

In other ON news, CEO David Michael Allemann purchased 60,000 shares of ON stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $36.63 per share, with a total value of $2,197,800.00. Following the purchase, the chief executive officer directly owned 2,841,108 shares in the company, valued at $104,069,786.04. This trade represents a 2.16% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Olivier Bernhard acquired 60,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $36.63 per share, for a total transaction of $2,197,800.00. Following the acquisition, the insider directly owned 5,163,184 shares of the company’s stock, valued at approximately $189,127,429.92. The trade was a 1.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 180,000 shares of company stock valued at $6,594,000 in the last quarter.

Institutional Trading of ON

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley boosted its position in shares of ON by 40.9% in the fourth quarter. Morgan Stanley now owns 24,119,871 shares of the company’s stock worth $1,121,092,000 after acquiring an additional 6,997,455 shares during the last quarter. Platinum Paramount Investment LTD. purchased a new position in ON during the fourth quarter worth approximately $525,784,000. Sinvest Investments II Ltd. purchased a new position in ON during the fourth quarter worth approximately $390,432,000. Bamco Inc. NY boosted its holdings in shares of ON by 13.9% in the 4th quarter. Bamco Inc. NY now owns 5,405,486 shares of the company’s stock valued at $251,247,000 after purchasing an additional 658,933 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of ON by 44.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,318,415 shares of the company’s stock valued at $138,865,000 after purchasing an additional 1,026,804 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company’s stock.

ON News Summary

Here are the key news stories impacting ON this week:

• Positive Sentiment: On reported solid profitability, with gross margin expanding to 65.4% and adjusted EBITDA margin reaching 19.8%. Management also raised its full-year 2026 gross-margin outlook to at least 65.0%. On Holding Slides After Q2 Sales Missed Expectations Despite Strong Margins
• Positive Sentiment: Direct-to-consumer sales increased 26% and represented 45.7% of revenue, while Asia-Pacific growth and a more selective distribution strategy support brand positioning and pricing. On Holding Q2 Earnings Miss Estimates, FY’26 Margin Outlook Raised
• Positive Sentiment: Several firms retained bullish ratings despite reducing their targets: UBS maintained “buy” at $73, BTIG kept “buy” at $60, and Telsey and Robert W. Baird maintained “outperform” ratings at $43 and $55, respectively. On Holding Analysts Slash Their Forecasts After Q2 Results
• Neutral Sentiment: Second-quarter revenue rose approximately 13.5% year over year, while EPS slightly exceeded or matched consensus estimates depending on the reporting source. Full-year revenue guidance of CHF 4.4 billion to CHF 4.5 billion was broadly in line with expectations.
• Negative Sentiment: Revenue missed Wall Street forecasts, with foreign-exchange headwinds and higher U.S. tariff costs weighing on reported results. Wholesale sales grew only 4.8%, prompting concerns about slowing near-term demand and a cautious consumer environment. On shares tumble after sportswear brand misses quarterly net sales estimates
• Negative Sentiment: Analysts broadly cut price targets after the earnings release, and William Blair downgraded ONON from “outperform” to “market perform.” The revisions signal reduced confidence in the company’s near-term sales acceleration, even though most updated targets remain above the current share price. On Holding’s Price Stumble May Be an Opening for a Company Built to Run

ON Company Profile

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.