New York State Common Retirement Fund Buys 11,115 Shares of On Holding AG $ONON

New York State Common Retirement Fund raised its position in shares of On Holding AG (NYSE:ONON) by 3.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,015 shares of the company’s stock after acquiring an additional 11,115 shares during the period. New York State Common Retirement Fund’s holdings in ON were worth $12,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bison Wealth LLC lifted its position in shares of ON by 35.7% during the fourth quarter. Bison Wealth LLC now owns 9,291 shares of the company’s stock worth $509,000 after purchasing an additional 2,442 shares during the last quarter. Truist Financial Corp boosted its position in ON by 206.1% during the 2nd quarter. Truist Financial Corp now owns 27,049 shares of the company’s stock valued at $1,408,000 after acquiring an additional 18,211 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ON in the 2nd quarter valued at approximately $152,000. Callan Family Office LLC purchased a new stake in shares of ON in the 2nd quarter valued at $233,000. Finally, IFP Advisors Inc increased its position in shares of ON by 6.6% in the second quarter. IFP Advisors Inc now owns 21,659 shares of the company’s stock valued at $1,127,000 after buying an additional 1,342 shares in the last quarter. 36.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ONON has been the topic of a number of research analyst reports. Evercore ISI reduced their target price on ON from $68.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ON in a report on Thursday, January 22nd. JPMorgan Chase & Co. raised their price target on shares of ON from $71.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. Citigroup lowered ON from a “buy” rating to a “mixed” rating in a research note on Tuesday, October 28th. Finally, TD Cowen lifted their price target on shares of ON from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.86.

ON Price Performance

Shares of NYSE ONON opened at $45.92 on Tuesday. The stock has a market cap of $28.83 billion, a P/E ratio of 59.63, a P/E/G ratio of 1.36 and a beta of 2.15. The company has a quick ratio of 2.05, a current ratio of 2.55 and a debt-to-equity ratio of 0.28. The firm’s 50-day simple moving average is $46.73 and its 200 day simple moving average is $44.87. On Holding AG has a fifty-two week low of $34.38 and a fifty-two week high of $61.29.

About ON

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.