IFP Advisors Inc Acquires 1,342 Shares of On Holding AG $ONON

IFP Advisors Inc raised its holdings in shares of On Holding AG (NYSE:ONON) by 6.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,659 shares of the company’s stock after acquiring an additional 1,342 shares during the quarter. IFP Advisors Inc’s holdings in ON were worth $1,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. TCTC Holdings LLC grew its position in shares of ON by 118.4% in the first quarter. TCTC Holdings LLC now owns 581 shares of the company’s stock valued at $26,000 after purchasing an additional 315 shares in the last quarter. Montag A & Associates Inc. bought a new stake in shares of ON during the first quarter valued at about $26,000. Smartleaf Asset Management LLC lifted its holdings in shares of ON by 3,392.6% in the first quarter. Smartleaf Asset Management LLC now owns 943 shares of the company’s stock worth $42,000 after buying an additional 916 shares in the last quarter. Ramirez Asset Management Inc. bought a new position in shares of ON in the first quarter valued at approximately $44,000. Finally, MorganRosel Wealth Management LLC purchased a new position in ON during the first quarter valued at approximately $48,000. Hedge funds and other institutional investors own 36.39% of the company’s stock.

ON Stock Performance

NYSE ONON opened at $41.93 on Monday. The company has a 50-day simple moving average of $44.61 and a two-hundred day simple moving average of $48.72. On Holding AG has a 12-month low of $34.59 and a 12-month high of $64.05. The firm has a market cap of $26.40 billion, a price-to-earnings ratio of 93.18, a PEG ratio of 5.20 and a beta of 2.19. The company has a quick ratio of 2.00, a current ratio of 2.53 and a debt-to-equity ratio of 0.31.

Analyst Ratings Changes

Several brokerages have commented on ONON. UBS Group raised their price target on shares of ON from $75.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Raymond James Financial lowered ON from a “strong-buy” rating to an “outperform” rating and set a $66.00 price objective for the company. in a research note on Tuesday, July 22nd. Telsey Advisory Group restated an “outperform” rating and issued a $65.00 target price on shares of ON in a research note on Thursday, August 7th. Barclays raised their price target on ON from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, August 13th. Finally, Jefferies Financial Group set a $40.00 price objective on ON and gave the stock an “underperform” rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, ON has an average rating of “Moderate Buy” and an average target price of $64.20.

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