Telsey Advisory Group Reiterates Outperform Rating for ON (NYSE:ONON)

ON (NYSE:ONON)‘s stock had its “outperform” rating restated by research analysts at Telsey Advisory Group in a research report issued on Tuesday,Benzinga reports. They presently have a $65.00 price objective on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 38.92% from the stock’s current price.

A number of other research firms also recently issued reports on ONON. Williams Trading downgraded ON from a “buy” rating to a “hold” rating and cut their price target for the company from $55.00 to $47.00 in a research note on Thursday, January 8th. Singular Research raised ON to a “strong-buy” rating in a research report on Monday, November 17th. BTIG Research reissued a “buy” rating and issued a $70.00 price target on shares of ON in a research report on Thursday, January 29th. UBS Group reiterated a “buy” rating on shares of ON in a research note on Thursday, February 19th. Finally, Jefferies Financial Group restated an “underperform” rating and set a $31.00 price target on shares of ON in a research report on Wednesday, November 12th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.86.

ON Stock Performance

NYSE ONON opened at $46.79 on Tuesday. The company has a market cap of $29.38 billion, a P/E ratio of 60.77, a PEG ratio of 1.39 and a beta of 2.15. The company has a fifty day simple moving average of $46.39 and a 200 day simple moving average of $44.44. The company has a current ratio of 2.55, a quick ratio of 2.05 and a debt-to-equity ratio of 0.28. ON has a 12-month low of $34.38 and a 12-month high of $61.29.

ON (NYSE:ONON) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. The firm had revenue of $937.29 million for the quarter, compared to analyst estimates of $727.55 million. ON had a net margin of 7.45% and a return on equity of 14.81%. Sell-side analysts predict that ON will post 0.66 earnings per share for the current fiscal year.

Institutional Trading of ON

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sinvest Investments II Ltd. purchased a new position in shares of ON in the fourth quarter worth $390,432,000. Morgan Stanley raised its holdings in ON by 40.9% in the 4th quarter. Morgan Stanley now owns 24,119,871 shares of the company’s stock worth $1,121,092,000 after purchasing an additional 6,997,455 shares in the last quarter. Winslow Capital Management LLC purchased a new stake in shares of ON in the 2nd quarter worth about $248,113,000. Sands Capital Management LLC bought a new stake in shares of ON during the 2nd quarter valued at about $240,177,000. Finally, FengHe Fund Management Pte. Ltd. purchased a new position in shares of ON during the fourth quarter valued at about $142,425,000. 36.39% of the stock is currently owned by institutional investors.

ON News Roundup

Here are the key news stories impacting ON this week:

• Positive Sentiment: On said full‑year 2025 net sales topped CHF 3.0 billion for the first time and reported record margins, highlighting stronger-than-expected scale and profitability improvement. On Holding Tops CHF 3 Billion in 2025 Sales as Margins Hit Record Highs
• Positive Sentiment: Q4 results beat expectations: EPS $0.32 vs. $0.26 est and revenue $937.29M vs. $727.55M est; company posted a 7.45% net margin and 14.81% ROE — data that supports higher profitability and justifies a premium multiple. View Press Release
• Positive Sentiment: Options flow showed heavy bullish positioning ahead of the print — ~82,420 calls traded (≈377% above average), indicating elevated trader optimism or hedged bullish bets that can amplify intraday moves. On Holding (NYSE:ONON) NYSE Composite Sees Call Surge
• Neutral Sentiment: The company filed its Form 20‑F and released the full quarter/year report — routine disclosure; useful for model updates but not an incremental catalyst by itself. On Announces Fourth Quarter and Full Year Results, and the Filing of its Annual Report on Form 20-F for 2025
• Negative Sentiment: CNBC noted that while sales and profitability were record highs, the company’s forward guidance fell short of some analyst expectations — a likely reason for any intraday pullback as investors reassess growth trajectory versus valuation. Swiss sneaker maker posts record sales, but guidance falls short of expectations

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.