Oppenheimer & Co. Inc. Sells 1,354 Shares of On Holding AG (NYSE:ONON)

Oppenheimer & Co. Inc. decreased its holdings in On Holding AG (NYSE:ONON) by 13.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,787 shares of the company’s stock after selling 1,354 shares during the period. Oppenheimer & Co. Inc.’s holdings in ON were worth $386,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ONON. Ridgecrest Wealth Partners LLC bought a new stake in ON during the 1st quarter worth approximately $1,823,000. Congress Park Capital LLC grew its position in shares of ON by 13.5% during the 1st quarter. Congress Park Capital LLC now owns 30,120 shares of the company’s stock valued at $1,323,000 after purchasing an additional 3,593 shares in the last quarter. Sterling Investment Counsel LLC grew its position in shares of ON by 19.1% during the 1st quarter. Sterling Investment Counsel LLC now owns 5,450 shares of the company’s stock valued at $239,000 after purchasing an additional 875 shares in the last quarter. Analyst IMS Investment Management Services Ltd. increased its holdings in shares of ON by 37.8% in the first quarter. Analyst IMS Investment Management Services Ltd. now owns 49,120 shares of the company’s stock worth $2,157,000 after purchasing an additional 13,480 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of ON by 241.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 63,930 shares of the company’s stock worth $2,808,000 after buying an additional 45,223 shares in the last quarter. Institutional investors own 36.39% of the company’s stock.

ON Stock Up 0.4%

ONON opened at $52.28 on Wednesday. On Holding AG has a 12 month low of $34.59 and a 12 month high of $64.05. The company has a current ratio of 2.80, a quick ratio of 2.18 and a debt-to-equity ratio of 0.19. The business’s 50-day moving average price is $53.83 and its 200-day moving average price is $52.03. The company has a market cap of $32.92 billion, a P/E ratio of 74.69, a P/E/G ratio of 2.97 and a beta of 2.26.

Analysts Set New Price Targets

Several research firms recently commented on ONON. UBS Group set a $75.00 target price on ON in a research report on Wednesday, May 14th. Truist Financial lifted their price target on ON from $61.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, May 14th. Barclays set a $68.00 price objective on shares of ON in a research report on Wednesday, May 14th. Stifel Nicolaus lifted their target price on shares of ON from $57.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, May 14th. Finally, Robert W. Baird boosted their price target on shares of ON from $63.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $63.85.

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, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.