134,029 Shares in On Holding AG (NYSE:ONON) Bought by Bokf Na

Bokf Na acquired a new position in shares of On Holding AG (NYSE:ONON) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 134,029 shares of the company’s stock, valued at approximately $4,721,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Boulder Hill Capital Management LP raised its holdings in ON by 52.8% during the first quarter. Boulder Hill Capital Management LP now owns 112,800 shares of the company’s stock valued at $3,991,000 after buying an additional 39,000 shares in the last quarter. HAP Trading LLC bought a new position in ON during the first quarter valued at about $923,000. Orion Capital Management LLC raised its holdings in ON by 106.7% during the first quarter. Orion Capital Management LLC now owns 2,480 shares of the company’s stock valued at $88,000 after buying an additional 1,280 shares in the last quarter. Acadian Asset Management LLC bought a new position in ON during the first quarter valued at about $8,094,000. Finally, Vanguard Group Inc. raised its holdings in ON by 4.0% during the first quarter. Vanguard Group Inc. now owns 203,025 shares of the company’s stock valued at $7,183,000 after buying an additional 7,874 shares in the last quarter. 33.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. The Goldman Sachs Group raised their target price on ON from $41.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $41.00 price target on shares of ON in a research report on Thursday, May 16th. UBS Group raised their price target on ON from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Sanford C. Bernstein assumed coverage on ON in a research report on Tuesday, June 11th. They issued an “outperform” rating and a $50.00 price target on the stock. Finally, Needham & Company LLC raised their price target on ON from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.06.

ON Stock Down 1.4 %

ONON traded down $0.57 during midday trading on Monday, reaching $39.65. 521,616 shares of the company’s stock were exchanged, compared to its average volume of 5,150,972. The firm has a market capitalization of $24.97 billion, a price-to-earnings ratio of 91.41, a price-to-earnings-growth ratio of 1.18 and a beta of 2.23. On Holding AG has a one year low of $23.41 and a one year high of $44.30. The business has a 50-day simple moving average of $39.89 and a two-hundred day simple moving average of $34.65.

ON (NYSE:ONON) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.20. The firm had revenue of $581.41 million during the quarter, compared to analysts’ expectations of $555.52 million. ON had a net margin of 6.46% and a return on equity of 11.13%. As a group, research analysts anticipate that On Holding AG will post 0.78 EPS for the current fiscal 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.