ON (NYSE:ONON) Given New $41.00 Price Target at Stifel Nicolaus

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

Several other research analysts have also commented on the stock. BTIG Research cut their price target on shares of ON from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday. Williams Trading set a $32.00 price objective on shares of ON in a research note on Tuesday. KeyCorp reissued an “overweight” rating on shares of ON in a research report on Monday. Bank of America reissued a “buy” rating on shares of ON in a research note on Wednesday. Finally, Guggenheim restated a “buy” rating and set a $51.00 target price on shares of ON in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, ON currently has an average rating of “Moderate Buy” and a consensus target price of $48.57.

ON Trading Up 0.4%

Shares of ON stock traded up $0.11 during trading hours 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. The firm has a 50 day simple moving average of $37.17 and a two-hundred day simple moving average of $38.81. The firm has a market capitalization of $19.79 billion, a price-to-earnings ratio of 33.36, a P/E/G ratio of 0.71 and a beta of 2.12. The company has a current ratio of 2.98, a quick ratio of 2.39 and a debt-to-equity ratio of 0.26. ON has a 1 year low of $30.11 and a 1 year high of $51.08.

ON (NYSE:ONON) last issued its earnings results on Tuesday, May 12th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.11. ON had a return on equity of 15.72% and a net margin of 7.92%.The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the business earned $0.21 EPS. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, equities research analysts anticipate that ON will post 1.52 earnings per share for the current year.

Insider Activity at ON

In related news, CEO Caspar Felix Coppetti purchased 60,000 shares of ON stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average cost of $36.64 per share, with a total value of $2,198,400.00. Following the transaction, the chief executive officer owned 2,375,855 shares of the company’s stock, valued at approximately $87,051,327.20. The trade was a 2.59% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David Michael Allemann purchased 60,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was bought at an average price of $36.63 per share, with a total value of $2,197,800.00. Following the acquisition, the chief executive officer owned 2,841,108 shares in the company, valued at $104,069,786.04. This trade represents a 2.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 180,000 shares of company stock worth $6,594,000.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Jacobi Capital Management LLC raised its holdings in shares of ON by 3.6% during the fourth quarter. Jacobi Capital Management LLC now owns 6,875 shares of the company’s stock worth $320,000 after acquiring an additional 240 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in ON by 2.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 12,283 shares of the company’s stock valued at $571,000 after purchasing an additional 285 shares during the last quarter. Parallel Advisors LLC grew its stake in ON by 2.8% in the fourth quarter. Parallel Advisors LLC now owns 10,455 shares of the company’s stock valued at $486,000 after purchasing an additional 285 shares in the last quarter. MetLife Investment Management LLC grew its stake in ON by 2.2% in the fourth quarter. MetLife Investment Management LLC now owns 14,411 shares of the company’s stock valued at $670,000 after purchasing an additional 308 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in ON by 69.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 760 shares of the company’s stock worth $26,000 after purchasing an additional 312 shares during the last quarter. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

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.