Key Points
- On April 13 CEO Martin Hoffmann sold 4,150 ON shares at an average price of $33.95 (~$140,893), cutting his stake by 0.30% to 1,393,399 shares; the sale was disclosed on an SEC Form 4 and executed under a pre-arranged Rule 10b5-1 plan, following identical 4,150-share sales on Apr 6 and Mar 23 (12,450 shares sold total).
- Wall Street sentiment remains broadly positive with a consensus Moderate Buy, an average target price of $58.62, and the majority of analysts rating ON as Buy (1 Strong Buy, 18 Buy, 3 Hold, 2 Sell).
- Shares are trading below their 50‑ and 200‑day moving averages ($40.24 and $42.71), recently opened near $35.42, and sit in a 52‑week range of $31.41–$61.29; the company has a market cap of about $22.6 billion and a P/E of 49.2.
On Holding AG (NYSE:ONON - Get Free Report) CEO Martin Hoffmann sold 4,150 shares of the stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $33.95, for a total value of $140,892.50. Following the completion of the sale, the chief executive officer owned 1,393,399 shares in the company, valued at approximately $47,305,896.05. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Martin Hoffmann also recently made the following trade(s):
- On Monday, April 6th, Martin Hoffmann sold 4,150 shares of ON stock. The stock was sold at an average price of $33.58, for a total value of $139,357.00.
- On Monday, March 23rd, Martin Hoffmann sold 4,150 shares of ON stock. The stock was sold at an average price of $39.79, for a total value of $165,128.50.
ON Trading Down 0.4%
Shares of NYSE ONON opened at $35.42 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.71. The business's 50 day moving average price is $40.24 and its 200-day moving average price is $42.71. On Holding AG has a fifty-two week low of $31.41 and a fifty-two week high of $61.29. The company has a market cap of $22.60 billion, a price-to-earnings ratio of 49.20, a PEG ratio of 0.71 and a beta of 2.23.
Wall Street Analysts Forecast Growth
ONON has been the topic of several recent analyst reports. UBS Group reiterated a "buy" rating on shares of ON in a report on Thursday, February 19th. Guggenheim reduced their price target on ON from $59.00 to $51.00 and set a "buy" rating on the stock in a report on Wednesday, March 4th. BTIG Research restated a "buy" rating and set a $70.00 price objective on shares of ON in a report on Tuesday, March 3rd. Truist Financial reduced their price objective on ON from $65.00 to $55.00 and set a "buy" rating on the stock in a report on Tuesday, March 3rd. Finally, Zacks Research downgraded ON from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $58.62.
Get Our Latest Stock Report on ON
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. J. Derek Lewis & Associates Inc. purchased a new position in ON during the 4th quarter worth $212,000. Rockefeller Capital Management L.P. increased its holdings in ON by 117.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 118,661 shares of the company's stock worth $5,515,000 after purchasing an additional 64,138 shares during the period. World Investment Advisors purchased a new position in ON during the 4th quarter worth $207,000. PeakShares LLC bought a new stake in ON during the 4th quarter valued at $564,000. Finally, SHP Wealth Management bought a new stake in ON during the 4th quarter valued at $333,000. 36.39% of the stock is currently owned by hedge funds and other institutional investors.
About ON
(
Get Free Report)
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.
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