WD Rutherford LLC Acquires Shares of 1,470 On Holding AG (NYSE:ONON)

WD Rutherford LLC acquired a new stake in On Holding AG (NYSE:ONON) in the first quarter, HoldingsChannel.com reports. The firm acquired 1,470 shares of the company’s stock, valued at approximately $52,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ONON. Asset Management One Co. Ltd. raised its stake in shares of ON by 20.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,145 shares of the company’s stock worth $60,000 after purchasing an additional 367 shares during the last quarter. Janney Capital Management LLC grew its holdings in ON by 3.1% during the fourth quarter. Janney Capital Management LLC now owns 14,893 shares of the company’s stock worth $402,000 after acquiring an additional 443 shares during the period. Avitas Wealth Management LLC grew its holdings in ON by 2.7% during the fourth quarter. Avitas Wealth Management LLC now owns 22,943 shares of the company’s stock worth $619,000 after acquiring an additional 602 shares during the period. Spire Wealth Management grew its holdings in ON by 66.2% in the fourth quarter. Spire Wealth Management now owns 1,615 shares of the company’s stock valued at $45,000 after purchasing an additional 643 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA grew its holdings in ON by 5.5% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 13,392 shares of the company’s stock valued at $361,000 after purchasing an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 33.11% of the company’s stock.

ON Trading Down 0.6 %

ONON stock traded down $0.23 during trading on Friday, reaching $38.80. 7,246,963 shares of the stock were exchanged, compared to its average volume of 4,472,952. On Holding AG has a twelve month low of $23.41 and a twelve month high of $44.30. The company has a market capitalization of $24.43 billion, a P/E ratio of 88.18, a price-to-earnings-growth ratio of 1.15 and a beta of 2.27. The stock has a 50 day simple moving average of $37.82 and a 200-day simple moving average of $33.17.

ON (NYSE:ONON) last released its quarterly earnings data on Tuesday, May 14th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.20. The company had revenue of $581.41 million for the quarter, compared to the consensus estimate of $555.52 million. ON had a return on equity of 11.13% and a net margin of 6.46%. Equities analysts predict that On Holding AG will post 0.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ONON shares. UBS Group increased their price objective on ON from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Redburn Atlantic reiterated a “neutral” rating and set a $34.00 target price on shares of ON in a research report on Thursday, March 7th. JPMorgan Chase & Co. raised their price objective on ON from $40.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Needham & Company LLC raised their price objective on ON from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Finally, Barclays raised their target price on ON from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.00.

About ON

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.