ON (NYSE:ONON) Price Target Lowered to $43.00 at Telsey Advisory Group

ON (NYSE:ONON) had its price objective dropped by stock analysts at Telsey Advisory Group from $51.00 to $43.00 in a research report issued on Wednesday, Marketbeat.com reports. The brokerage currently has an “outperform” rating on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 38.96% from the stock’s previous close.

A number of other research analysts have also commented on the company. Zacks Research lowered ON from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Barclays restated an “overweight” rating and issued a $42.00 price objective on shares of ON in a research note on Wednesday. Jefferies Financial Group set a $20.00 target price on shares of ON in a research report on Tuesday. UBS Group cut their target price on shares of ON from $85.00 to $82.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Finally, William Blair downgraded shares of ON from an “outperform” rating to a “market perform” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $50.00.

ON Price Performance

NYSE ONON opened at $30.94 on Wednesday. ON has a twelve month low of $30.11 and a twelve month high of $52.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.39 and a current ratio of 2.98. The stock has a market capitalization of $19.75 billion, a PE ratio of 33.27, a P/E/G ratio of 0.71 and a beta of 2.12. The stock has a 50-day simple moving average of $37.17 and a 200 day simple moving average of $38.81.

ON (NYSE:ONON) last announced its earnings results on Tuesday, May 12th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.11. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. ON had a return on equity of 15.72% and a net margin of 7.92%.The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 EPS. Research analysts anticipate that ON will post 1.52 EPS for the current year.

Insider Buying and Selling

In related news, CEO David Michael Allemann purchased 60,000 shares of the 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 transaction, the chief executive officer directly owned 2,841,108 shares of the company’s stock, valued at approximately $104,069,786.04. The trade was a 2.16% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Caspar Felix Coppetti acquired 60,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $36.64 per share, with a total value of $2,198,400.00. Following the completion of the purchase, the chief executive officer directly owned 2,375,855 shares of the company’s stock, valued at approximately $87,051,327.20. This represents a 2.59% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 180,000 shares of company stock worth $6,594,000 in the last 90 days.

Institutional Investors Weigh In On ON

Large investors have recently made changes to their positions in the company. Cullen Frost Bankers Inc. increased its position in shares of ON by 639.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 540 shares of the company’s stock worth $25,000 after purchasing an additional 467 shares in the last quarter. Caitlin John LLC bought a new position in ON during the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC boosted its position in ON by 69.6% in the first quarter. EverSource Wealth Advisors LLC now owns 760 shares of the company’s stock valued at $26,000 after buying an additional 312 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in ON in the fourth quarter valued at about $27,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in ON by 555.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 701 shares of the company’s stock worth $33,000 after buying an additional 594 shares during the last quarter. Institutional investors own 36.39% of the company’s stock.

ON News Roundup

Here are the key news stories impacting ON this week:

• Positive Sentiment: Direct-to-consumer sales increased 26% year over year, while Asia-Pacific growth and the company’s selective distribution strategy supported improved profitability. On raised its fiscal 2026 gross-margin outlook to at least 65%. On Holding Slides After Q2 Sales Missed Expectations Despite Strong Margins
• Positive Sentiment: Analysts at BTIG and Needham maintained Buy ratings, while one Seeking Alpha analysis described the post-earnings valuation as potentially attractive for growth-oriented investors. However, both firms lowered their price targets, reflecting greater near-term uncertainty. BTIG Price Target
• Neutral Sentiment: Second-quarter earnings were broadly in line with or slightly above estimates, depending on the data source, but revenue growth of roughly 13.5% year over year fell short of Wall Street expectations. On Holding Earnings Report
• Negative Sentiment: Wholesale sales growth slowed to approximately 5%, significantly below the 26% increase in direct-to-consumer sales. Management is intentionally limiting wholesale sell-in to protect pricing and brand positioning, but investors viewed the strategy as a sign of softer near-term demand. On Shares Fall Sharply After Wholesale Slowdown in Q2
• Negative Sentiment: Fiscal 2026 revenue guidance of approximately $4.4 billion to $4.5 billion was around or below the $4.5 billion consensus estimate. Higher U.S. tariff costs, foreign-exchange pressure and cautious consumer spending added to concerns about slowing sales growth. On Shares Tumble After Revenue Miss
• Negative Sentiment: William Blair downgraded ONON from Outperform to Market Perform, and Needham, BTIG and other analysts reduced price targets following the results. These actions reinforced the market’s concern that growth may moderate before the company’s longer-term expansion opportunities fully offset the slowdown. William Blair Downgrade

About ON

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.