Peloton Wealth Strategists Has $1.93 Million Stock Position in On Holding AG (NYSE:ONON)

Peloton Wealth Strategists lowered its holdings in On Holding AG (NYSE:ONON) by 2.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,460 shares of the company’s stock after selling 1,000 shares during the period. Peloton Wealth Strategists’ holdings in ON were worth $1,929,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ONON. Ameritas Advisory Services LLC raised its holdings in shares of ON by 1.3% during the second quarter. Ameritas Advisory Services LLC now owns 23,806 shares of the company’s stock worth $924,000 after acquiring an additional 300 shares in the last quarter. Capital Advisors Inc. OK raised its holdings in ON by 5.1% during the third quarter. Capital Advisors Inc. OK now owns 6,186 shares of the company’s stock valued at $310,000 after buying an additional 301 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of ON by 3.2% in the second quarter. Crossmark Global Holdings Inc. now owns 10,423 shares of the company’s stock worth $404,000 after buying an additional 325 shares during the last quarter. Asset Dedication LLC boosted its stake in shares of ON by 25.8% during the 2nd quarter. Asset Dedication LLC now owns 1,592 shares of the company’s stock worth $62,000 after acquiring an additional 327 shares in the last quarter. Finally, Sage Capital Advisors llc increased its holdings in shares of ON by 0.3% during the 3rd quarter. Sage Capital Advisors llc now owns 99,859 shares of the company’s stock valued at $5,008,000 after acquiring an additional 328 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ONON. Piper Sandler increased their price target on ON from $52.00 to $56.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. Evercore ISI raised shares of ON to an “overweight” rating and boosted their target price for the stock from $43.00 to $47.00 in a research report on Monday, August 12th. Stifel Nicolaus raised their price target on ON from $45.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. TD Cowen boosted their price objective on ON from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, UBS Group raised their target price on ON from $61.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.05.

ON Price Performance

ON stock opened at $57.64 on Monday. On Holding AG has a 52-week low of $25.78 and a 52-week high of $60.12. The stock has a fifty day moving average price of $51.96 and a two-hundred day moving average price of $45.71. The firm has a market capitalization of $36.29 billion, a P/E ratio of 134.05 and a beta of 2.30.

ON Company Profile

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.