TCG Advisory Services LLC Takes Position in On Holding AG (NYSE:ONON)

TCG Advisory Services LLC bought a new position in On Holding AG (NYSE:ONON) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 47,804 shares of the company’s stock, valued at approximately $1,289,000.

Several other large investors also recently modified their holdings of the business. Spire Wealth Management increased its position in ON by 91.0% during the 3rd quarter. Spire Wealth Management now owns 972 shares of the company’s stock valued at $27,000 after purchasing an additional 463 shares during the period. Orion Capital Management LLC raised its stake in ON by 1,100.0% in the fourth quarter. Orion Capital Management LLC now owns 1,200 shares of the company’s stock worth $32,000 after buying an additional 1,100 shares in the last quarter. Global Wealth Management Investment Advisory Inc. bought a new position in ON in the fourth quarter worth about $33,000. Asset Dedication LLC purchased a new stake in ON in the third quarter worth about $35,000. Finally, Signaturefd LLC boosted its position in ON by 816.7% during the 3rd quarter. Signaturefd LLC now owns 1,375 shares of the company’s stock valued at $38,000 after acquiring an additional 1,225 shares in the last quarter. 33.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Piper Sandler raised their target price on ON from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Barclays assumed coverage on shares of ON in a research note on Monday, April 1st. They issued an “overweight” rating and a $38.00 price target for the company. Telsey Advisory Group reissued an “outperform” rating and set a $37.00 price objective on shares of ON in a research note on Wednesday, April 24th. Redburn Atlantic reiterated a “neutral” rating and set a $34.00 price objective on shares of ON in a research note on Thursday, March 7th. Finally, TheStreet cut shares of ON from a “c” rating to a “d+” rating in a report on Monday, March 18th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.33.

ON Trading Up 1.6 %

Shares of NYSE:ONON traded up $0.53 during midday trading on Friday, reaching $33.27. 2,391,279 shares of the company were exchanged, compared to its average volume of 3,380,708. The stock has a market cap of $20.95 billion, a PE ratio of 123.22, a price-to-earnings-growth ratio of 1.15 and a beta of 2.17. The business’s fifty day moving average is $33.23 and its two-hundred day moving average is $29.86. On Holding AG has a one year low of $23.41 and a one year high of $37.08.

ON (NYSE:ONON) last issued its quarterly earnings data on Tuesday, March 12th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). The firm had revenue of $504.69 million for the quarter, compared to analysts’ expectations of $515.30 million. ON had a net margin of 4.04% and a return on equity of 6.85%. As a group, sell-side analysts expect that On Holding AG will post 0.65 EPS for the current year.

ON Company 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.