Victory Capital Management Inc. Has $37.51 Million Stock Holdings in On Holding AG (NYSE:ONON)

Victory Capital Management Inc. trimmed its position in shares of On Holding AG (NYSE:ONON) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 966,718 shares of the company’s stock after selling 12,913 shares during the period. Victory Capital Management Inc. owned about 0.15% of ON worth $37,509,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ONON. Spire Wealth Management raised its position in ON by 66.2% during the fourth quarter. Spire Wealth Management now owns 1,615 shares of the company’s stock valued at $45,000 after acquiring an additional 643 shares in the last quarter. WD Rutherford LLC bought a new position in shares of ON during the 1st quarter valued at $52,000. Principal Securities Inc. bought a new position in shares of ON during the 4th quarter valued at $88,000. Orion Capital Management LLC lifted its stake in shares of ON by 106.7% in the 1st quarter. Orion Capital Management LLC now owns 2,480 shares of the company’s stock valued at $88,000 after purchasing an additional 1,280 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in ON by 24.0% in the second quarter. National Bank of Canada FI now owns 2,585 shares of the company’s stock worth $98,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 33.11% of the company’s stock.

Wall Street Analyst Weigh In

ONON has been the topic of a number of analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $47.00 price objective on shares of ON in a report on Tuesday, August 13th. Truist Financial lifted their price target on shares of ON from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. KeyCorp raised their target price on shares of ON from $40.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. UBS Group boosted their target price on shares of ON from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Finally, Sanford C. Bernstein started coverage on ON in a research report on Tuesday, June 11th. They set an “outperform” rating and a $50.00 price objective for the company. Four analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $46.16.

ON Trading Down 0.2 %

Shares of NYSE ONON opened at $44.36 on Tuesday. The firm has a market capitalization of $27.93 billion, a PE ratio of 100.82, a price-to-earnings-growth ratio of 1.23 and a beta of 2.24. The firm’s 50-day moving average is $40.96 and its 200-day moving average is $37.66. On Holding AG has a 1 year low of $23.41 and a 1 year high of $48.08.

ON (NYSE:ONON) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The business had revenue of $627.66 million during the quarter, compared to the consensus estimate of $634.43 million. ON had a net margin of 7.42% and a return on equity of 13.02%. As a group, equities research analysts anticipate that On Holding AG will post 0.83 earnings per share for the current fiscal year.

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.