Fiera Capital Corp Buys New Shares in On Holding AG $ONON

Fiera Capital Corp bought a new position in On Holding AG (NYSE:ONON) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 708,207 shares of the company’s stock, valued at approximately $36,862,000. Fiera Capital Corp owned about 0.11% of ON at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ONON. Bison Wealth LLC boosted its stake in shares of ON by 35.7% in the 4th quarter. Bison Wealth LLC now owns 9,291 shares of the company’s stock valued at $509,000 after purchasing an additional 2,442 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of ON by 11.0% during the first quarter. Envestnet Asset Management Inc. now owns 413,491 shares of the company’s stock valued at $18,161,000 after buying an additional 40,837 shares during the last quarter. Allworth Financial LP lifted its stake in shares of ON by 52.8% in the 1st quarter. Allworth Financial LP now owns 2,363 shares of the company’s stock valued at $106,000 after acquiring an additional 817 shares during the last quarter. CWM LLC boosted its holdings in ON by 22.2% during the 1st quarter. CWM LLC now owns 1,259 shares of the company’s stock valued at $55,000 after acquiring an additional 229 shares during the period. Finally, SBI Securities Co. Ltd. grew its position in ON by 26.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 5,998 shares of the company’s stock worth $263,000 after acquiring an additional 1,246 shares during the last quarter. 36.39% of the stock is owned by hedge funds and other institutional investors.

ON Trading Up 2.1%

Shares of NYSE ONON opened at $42.39 on Friday. The stock has a market cap of $26.69 billion, a P/E ratio of 55.05, a price-to-earnings-growth ratio of 5.16 and a beta of 2.18. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 2.00. On Holding AG has a 1 year low of $34.38 and a 1 year high of $64.05. The firm has a 50-day moving average of $41.69 and a 200 day moving average of $48.21.

ON (NYSE:ONON) last released its earnings results on Tuesday, August 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.35). The business had revenue of $944.29 million for the quarter, compared to analysts’ expectations of $707.74 million. ON had a net margin of 7.45% and a return on equity of 15.47%. ON’s revenue for the quarter was up 32.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 earnings per share. As a group, sell-side analysts expect that On Holding AG will post 0.66 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on ONON. UBS Group boosted their price objective on ON from $79.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday. Raymond James Financial cut their price target on shares of ON from $66.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, October 21st. TD Cowen raised their target price on shares of ON from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group reaffirmed an “underperform” rating and set a $31.00 target price on shares of ON in a research note on Wednesday. Finally, Zacks Research raised shares of ON from a “strong sell” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.14.

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.