Strategic Financial Concepts LLC Makes New $30,000 Investment in On Holding AG (NYSE:ONON)

Strategic Financial Concepts LLC bought a new stake in shares of On Holding AG (NYSE:ONON) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 54,770 shares of the company’s stock, valued at approximately $30,000.

A number of other institutional investors also recently modified their holdings of the business. Private Trust Co. NA purchased a new stake in ON in the 3rd quarter worth approximately $26,000. Blue Trust Inc. grew its holdings in shares of ON by 319.8% during the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock valued at $27,000 after purchasing an additional 403 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in ON by 210.5% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock worth $28,000 after acquiring an additional 400 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in ON in the 3rd quarter worth $29,000. Finally, Legacy Bridge LLC bought a new stake in shares of ON during the 4th quarter valued at about $43,000. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of ON from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. TD Cowen lifted their price target on shares of ON from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group lowered shares of ON from a “buy” rating to a “neutral” rating and set a $57.00 target price for the company. in a research report on Wednesday. Citigroup began coverage on shares of ON in a research report on Wednesday, December 18th. They issued a “neutral” rating and a $65.00 price target for the company. Finally, UBS Group reissued a “buy” rating and issued a $63.00 target price on shares of ON in a report on Friday, December 27th. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $59.73.

ON Trading Down 3.5 %

NYSE ONON opened at $52.13 on Friday. The stock has a market cap of $32.82 billion, a PE ratio of 121.23, a PEG ratio of 1.20 and a beta of 2.30. On Holding AG has a 12 month low of $27.37 and a 12 month high of $64.05. The company’s 50-day moving average price is $57.15 and its 200-day moving average price is $51.40.

ON Profile

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.