Vanguard Personalized Indexing Management LLC Has $273,000 Stake in On Holding AG (NYSE:ONON)

Vanguard Personalized Indexing Management LLC grew its stake in On Holding AG (NYSE:ONON) by 27.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,317 shares of the company’s stock after buying an additional 1,581 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in ON were worth $273,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC grew its stake in shares of ON by 805.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 24,570 shares of the company’s stock worth $663,000 after acquiring an additional 21,855 shares during the last quarter. Scotia Capital Inc. bought a new position in shares of ON during the 4th quarter worth about $583,000. CIBC Private Wealth Group LLC acquired a new position in shares of ON during the fourth quarter valued at about $1,994,000. Blueshift Asset Management LLC bought a new stake in shares of ON in the fourth quarter valued at about $208,000. Finally, Armistice Capital LLC acquired a new stake in ON during the fourth quarter worth about $5,002,000. Institutional investors own 33.11% of the company’s stock.

Analysts Set New Price Targets

ONON has been the subject of several recent research reports. Evercore ISI raised ON to an “overweight” rating and upped their price target for the company from $43.00 to $47.00 in a report on Monday, August 12th. Morgan Stanley raised their target price on ON from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 14th. Stifel Nicolaus boosted their price target on shares of ON from $45.00 to $59.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. HSBC started coverage on shares of ON in a report on Thursday, September 5th. They set a “hold” rating and a $52.00 price objective for the company. Finally, Truist Financial upped their target price on shares of ON from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, ON presently has a consensus rating of “Moderate Buy” and an average target price of $47.95.

ON Price Performance

NYSE ONON opened at $51.13 on Monday. On Holding AG has a one year low of $23.41 and a one year high of $52.16. The firm has a market cap of $32.19 billion, a P/E ratio of 116.20, a P/E/G ratio of 1.25 and a beta of 2.24. The stock’s 50-day moving average is $44.20 and its 200-day moving average is $39.27.

ON (NYSE:ONON) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). The company had revenue of $627.66 million during the quarter, compared to the consensus estimate of $634.43 million. ON had a net margin of 7.42% and a return on equity of 13.02%. Equities analysts anticipate that On Holding AG will post 0.82 EPS for the current year.

ON Profile

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.