Atria Investments Inc Increases Position in On Holding AG $ONON

Atria Investments Inc grew its stake in On Holding AG (NYSE:ONON) by 179.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,449 shares of the company’s stock after purchasing an additional 11,201 shares during the quarter. Atria Investments Inc’s holdings in ON were worth $908,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Alliancebernstein L.P. increased its stake in shares of ON by 13.9% in the first quarter. Alliancebernstein L.P. now owns 19,794,811 shares of the company’s stock valued at $869,388,000 after purchasing an additional 2,416,534 shares during the period. Jennison Associates LLC grew its position in ON by 136.6% in the first quarter. Jennison Associates LLC now owns 4,848,438 shares of the company’s stock worth $212,943,000 after buying an additional 2,798,794 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of ON by 1.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,395,611 shares of the company’s stock valued at $149,136,000 after purchasing an additional 34,120 shares during the period. 1832 Asset Management L.P. raised its holdings in shares of ON by 8.3% during the first quarter. 1832 Asset Management L.P. now owns 2,344,700 shares of the company’s stock valued at $102,979,000 after acquiring an additional 178,750 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of ON in the first quarter valued at $102,850,000. 36.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ONON has been the subject of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $62.00 price target on shares of ON in a research note on Tuesday, August 12th. Raymond James Financial lowered their target price on shares of ON from $66.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 21st. Telsey Advisory Group restated an “outperform” rating and issued a $65.00 price target on shares of ON in a research report on Wednesday. Weiss Ratings restated a “sell (d+)” rating on shares of ON in a research report on Wednesday, October 8th. Finally, Morgan Stanley boosted their price objective on ON from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, ON has a consensus rating of “Moderate Buy” and a consensus price target of $63.05.

ON Stock Performance

NYSE ONON opened at $35.01 on Friday. The company has a market capitalization of $22.04 billion, a P/E ratio of 77.79, a P/E/G ratio of 4.41 and a beta of 2.18. The company has a quick ratio of 2.00, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $42.23 and a two-hundred day moving average price of $48.36. On Holding AG has a 12-month low of $34.38 and a 12-month high of $64.05.

ON (NYSE:ONON) last issued its earnings results 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). ON had a net margin of 4.45% and a return on equity of 8.75%. The business had revenue of $944.29 million during the quarter, compared to analyst estimates of $707.74 million. During the same period in the prior year, the business posted $0.14 EPS. The company’s revenue for the quarter was up 32.0% compared to the same quarter last year. ON has set its FY 2025 guidance at EPS. Analysts anticipate that On Holding AG will post 0.66 earnings per share for the current year.

ON Company 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.