191,199 Shares in On Holding AG $ONON Acquired by One Capital Management LLC

One Capital Management LLC bought a new position in On Holding AG (NYSE:ONON) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 191,199 shares of the company’s stock, valued at approximately $8,887,000.

A number of other institutional investors have also recently added to or reduced their stakes in ONON. FengHe Fund Management Pte. Ltd. acquired a new stake in ON in the fourth quarter worth approximately $142,425,000. Norges Bank acquired a new stake in ON in the fourth quarter worth approximately $128,826,000. Ameriprise Financial Inc. lifted its position in ON by 4,564.3% in the second quarter. Ameriprise Financial Inc. now owns 2,291,611 shares of the company’s stock worth $119,752,000 after purchasing an additional 2,242,480 shares during the period. Sands Capital Management LLC lifted its position in ON by 46.7% in the third quarter. Sands Capital Management LLC now owns 6,769,430 shares of the company’s stock worth $286,685,000 after purchasing an additional 2,155,083 shares during the period. Finally, State Street Corp lifted its position in ON by 765.4% in the second quarter. State Street Corp now owns 2,219,015 shares of the company’s stock worth $115,500,000 after purchasing an additional 1,962,586 shares during the period. 36.39% of the stock is currently owned by institutional investors and hedge funds.

ON Price Performance

Shares of NYSE:ONON opened at $39.72 on Tuesday. On Holding AG has a one year low of $31.41 and a one year high of $59.36. The stock has a fifty day moving average of $36.10 and a 200-day moving average of $41.99. The company has a market capitalization of $25.34 billion, a PE ratio of 42.71, a price-to-earnings-growth ratio of 0.84 and a beta of 2.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.39 and a current ratio of 2.98.

ON (NYSE:ONON) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.46 EPS for the quarter, beating 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 company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm earned $0.21 EPS. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, equities analysts anticipate that On Holding AG will post 1.39 EPS for the current fiscal year.

Insider Buying and Selling

In other ON news, CEO Martin Hoffmann sold 4,150 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $35.84, for a total transaction of $148,736.00. Following the sale, the chief executive officer directly owned 1,385,099 shares of the company’s stock, valued at $49,641,948.16. The trade was a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Michael Allemann bought 60,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of $36.63 per share, for a total transaction of $2,197,800.00. Following the completion of the purchase, the chief executive officer owned 2,841,108 shares in the company, valued at approximately $104,069,786.04. This trade represents a 2.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 180,000 shares of company stock worth $6,594,000 and have sold 20,750 shares worth $745,838.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ONON shares. Weiss Ratings upgraded ON from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Guggenheim restated a “buy” rating and issued a $51.00 target price on shares of ON in a research report on Wednesday, May 13th. Zacks Research downgraded ON from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. KeyCorp cut their target price on ON from $58.00 to $43.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Finally, Telsey Advisory Group cut their target price on ON from $60.00 to $51.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $55.05.

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.