Key Points
- Martin Hoffmann, On's CEO, sold 4,150 shares on April 20 at an average price of $36.56 for $151,724, part of several recent identical sales executed under a pre-arranged Rule 10b5-1 trading plan; he still owns 1,389,249 shares (a 0.30% decrease) valued at about $50.79M.
- On's shares opened at $36.75 and trade below their 50-day ($39.65) and 200-day ($42.55) moving averages, with a market capitalization of $23.45B and a P/E of 51.04.
- Analysts give On a consensus "Moderate Buy" rating with a mean target price of $58.62, driven by a majority of Buy ratings (18 Buy, 1 Strong Buy, 3 Hold, 2 Sell).
On Holding AG (NYSE:ONON - Get Free Report) CEO Martin Hoffmann sold 4,150 shares of the business's stock in a transaction on Monday, April 20th. The shares were sold at an average price of $36.56, for a total transaction of $151,724.00. Following the completion of the transaction, the chief executive officer directly owned 1,389,249 shares in the company, valued at $50,790,943.44. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 13th, Martin Hoffmann sold 4,150 shares of ON stock. The shares were sold at an average price of $33.95, for a total transaction of $140,892.50.
- On Monday, April 6th, Martin Hoffmann sold 4,150 shares of ON stock. The shares were sold at an average price of $33.58, for a total transaction of $139,357.00.
- On Monday, March 23rd, Martin Hoffmann sold 4,150 shares of ON stock. The shares were sold at an average price of $39.79, for a total transaction of $165,128.50.
ON Stock Performance
Shares of ONON opened at $36.75 on Wednesday. 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 stock has a market capitalization of $23.45 billion, a P/E ratio of 51.04, a P/E/G ratio of 0.75 and a beta of 2.23. The company's fifty day moving average is $39.65 and its two-hundred day moving average is $42.55. On Holding AG has a 1 year low of $31.41 and a 1 year high of $61.29.
Analyst Ratings Changes
Several research firms have issued reports on ONON. Williams Trading cut ON from a "buy" rating to a "hold" rating and cut their price objective for the stock from $55.00 to $47.00 in a research report on Thursday, January 8th. Needham & Company LLC reiterated a "buy" rating and issued a $52.00 price objective on shares of ON in a research report on Thursday, February 26th. UBS Group reiterated a "buy" rating on shares of ON in a research report on Thursday, February 19th. Zacks Research cut ON from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 11th. Finally, Barclays cut their price objective on ON from $60.00 to $57.00 and set an "overweight" rating for the company in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, ON presently has an average rating of "Moderate Buy" and a consensus target price of $58.62.
Get Our Latest Analysis on ON
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of ONON. Bison Wealth LLC raised its position in ON by 35.7% in the fourth quarter. Bison Wealth LLC now owns 9,291 shares of the company's stock worth $509,000 after acquiring an additional 2,442 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of ON in the second quarter valued at $517,000. Invesco Ltd. increased its position in shares of ON by 305.5% in the second quarter. Invesco Ltd. now owns 157,281 shares of the company's stock valued at $8,186,000 after buying an additional 118,498 shares in the last quarter. Cresset Asset Management LLC raised its stake in shares of ON by 13.5% during the 2nd quarter. Cresset Asset Management LLC now owns 7,232 shares of the company's stock worth $376,000 after buying an additional 860 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of ON by 91.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,661 shares of the company's stock worth $139,000 after buying an additional 1,273 shares in the last quarter. Hedge funds and other institutional investors own 36.39% of the company's stock.
ON Company Profile
(
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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