On Holding AG $ONON Stock Holdings Reduced by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC reduced its stake in On Holding AG (NYSE:ONON) by 1.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 677,434 shares of the company’s stock after selling 8,457 shares during the period. ON makes up 3.4% of Villere ST Denis J & Co. LLC’s investment portfolio, making the stock its 7th largest position. Villere ST Denis J & Co. LLC’s holdings in ON were worth $35,260,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ONON. Montag A & Associates Inc. purchased a new position in shares of ON during the first quarter worth approximately $26,000. TCTC Holdings LLC grew its position in shares of ON by 118.4% during the first quarter. TCTC Holdings LLC now owns 581 shares of the company’s stock worth $26,000 after acquiring an additional 315 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of ON by 3,392.6% during the first quarter. Smartleaf Asset Management LLC now owns 943 shares of the company’s stock worth $42,000 after acquiring an additional 916 shares during the last quarter. Ramirez Asset Management Inc. purchased a new position in shares of ON during the first quarter worth approximately $44,000. Finally, MorganRosel Wealth Management LLC purchased a new position in shares of ON during the first quarter worth approximately $48,000. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ONON shares. Needham & Company LLC restated a “buy” rating and set a $62.00 target price on shares of ON in a research report on Tuesday, August 12th. Raymond James Financial lowered shares of ON from a “strong-buy” rating to an “outperform” rating and set a $66.00 target price on the stock. in a research report on Tuesday, July 22nd. Morgan Stanley raised their target price on shares of ON from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 13th. Jefferies Financial Group set a $40.00 price target on ON and gave the stock an “underperform” rating in a report on Wednesday, August 13th. Finally, Barclays increased their price target on ON from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.20.

ON Price Performance

Shares of NYSE ONON opened at $41.93 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 2.00. The stock has a fifty day moving average price of $44.61 and a 200 day moving average price of $48.68. On Holding AG has a 1-year low of $34.59 and a 1-year high of $64.05. The company has a market cap of $26.40 billion, a PE ratio of 93.18, a P/E/G ratio of 5.38 and a beta of 2.19.

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.