Strategic Financial Concepts LLC Purchases Shares of 54,770 On Holding AG (NYSE:ONON)

Strategic Financial Concepts LLC purchased a new stake in shares of On Holding AG (NYSE:ONON) in the fourth quarter, Holdings Channel reports. The firm purchased 54,770 shares of the company’s stock, valued at approximately $30,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ONON. Principal Securities Inc. boosted its holdings in ON by 32.1% during the 4th quarter. Principal Securities Inc. now owns 2,513 shares of the company’s stock worth $138,000 after acquiring an additional 610 shares during the last quarter. Banque Pictet & Cie SA boosted its holdings in ON by 0.8% during the 4th quarter. Banque Pictet & Cie SA now owns 233,975 shares of the company’s stock worth $12,815,000 after acquiring an additional 1,950 shares during the last quarter. HMS Capital Management LLC purchased a new position in ON during the 4th quarter worth $315,000. Allspring Global Investments Holdings LLC boosted its holdings in ON by 34.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,376,850 shares of the company’s stock worth $76,213,000 after acquiring an additional 349,789 shares during the last quarter. Finally, Capital Advisors Inc. OK boosted its holdings in ON by 3.2% during the 4th quarter. Capital Advisors Inc. OK now owns 6,386 shares of the company’s stock worth $350,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 36.39% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on ONON. Bank of America began coverage on shares of ON in a report on Tuesday, January 7th. They set a “buy” rating and a $73.00 price objective on the stock. The Goldman Sachs Group downgraded shares of ON from a “buy” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a report on Wednesday, February 12th. Morgan Stanley boosted their price target on shares of ON from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Truist Financial boosted their price target on shares of ON from $58.00 to $61.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Robert W. Baird boosted their price target on shares of ON from $55.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $59.73.

ON Stock Down 5.8 %

NYSE ONON opened at $48.23 on Friday. The company has a market cap of $30.37 billion, a PE ratio of 112.16, a price-to-earnings-growth ratio of 1.04 and a beta of 2.30. On Holding AG has a 52 week low of $27.37 and a 52 week high of $64.05. The firm’s 50-day simple moving average is $56.37 and its two-hundred day simple moving average is $51.91.

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, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.