Streetbeat News

ONON

On Holding AG

Industry

Apparel - Retail

On Holding AG develops and distributes sports products worldwide. It offers athletic footwear, apparel, and accessories. The company offers its products through independent retailers and distributors, online, and stores. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.

Open

49.72

Mkt cap

16B

Volume

2.7M

High

51.75

P/E Ratio

88.84

52-wk high

52.80

Low

49.60

Div yield

N/A

52-wk low

24.15

Dolly Parton has partnered with Conagra Brands Inc (NYSE:CAG) through its Duncan Hines brand to launch a new line of breakfast products, aiming to compete with General Mills’ (NYSE:GIS) Bisquick and PepsiCo’s (NYSE:PEP) Pearl Milling Co pancake mix. This follows her previous successful ventures in entertainment and hospitality. The trend of celebrities partnering with or investing in consumer goods brands is highlighted, with examples like Ryan Reynolds' Aviation Gin, Roger Federer's On Holding AG (NYSE:ONON), and Kim Kardashian's Skims.

Portfolio Pulse from Aaron Bry

January 23, 2024 | 10:43 pm

Discover Financial Services reported a significant drop in Q4 profit, with earnings per share of $1.54, missing the expected $2.52. Despite beating revenue estimates, its shares fell 10.1% in pre-market trading. Plug Power announced a sales agreement for up to $1 billion in stock, causing shares to drop 15.2%. Other stocks mentioned also experienced declines in pre-market trading, including Nukkleus, Talos Energy, Spirit Airlines, On Holding, Ballard Power Systems, and e.l.f. Beauty, which is set to be replaced in the S&P SmallCap 600 by Peabody Energy.

Portfolio Pulse from Avi Kapoor

January 18, 2024 | 10:17 am

Tiger Woods has ended his 25-year sponsorship with Nike Inc (NKE), causing speculation about his next partnership. Rumors of Woods joining On Holding Ag (ONON) led to an 8% stock increase, which fell 4% after the company denied the rumors. Shares of Topgolf Callaway Brands Corp (MODG) and Acushnet Holdings Corp (GOLF) rose amid speculation that Woods might sign with them. The new deal is expected to be costly due to Woods' popularity in golf.

Portfolio Pulse from Aaron Bry

January 08, 2024 | 5:15 pm

On Holding AG, during the 26th ICR Conference, denied any partnership with Tiger Woods, expressing their hope that he finds a suitable new partner but confirming it will not be with them.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:40 pm

Traders are speculating on the potential partnership between Tiger Woods and On Holding AG (ONON) after SportsBusinessRadio hinted at Woods parting ways with Nike and possibly signing with On Running. No official confirmation has been made.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:43 pm

On Holding (NYSE:ONON) has received a mix of bullish and somewhat bullish analyst ratings over the last quarter, with no bearish sentiments. The company's average 12-month price target is $36.58, which is a decrease of 3.74% from the previous target of $38.00. The high target is $40.00 and the low is $29.00. Analysts provide these ratings based on research and insights into the company's financials and market position.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 7:00 pm

Stifel analyst Jim Duffy has reaffirmed a Buy rating on On Holding (NYSE:ONON) and increased the price target from $36 to $40, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 2:24 pm

Telsey Advisory Group analyst Joseph Feldman has reiterated an Outperform rating on On Holding (NYSE:ONON) and maintained a price target of $37.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 5:34 pm

Ahead of Black Friday, KeyBanc analysts express a cautious view on consumer spending but believe consumers will seek deals and bargains. They recommend Five Below, Ollie's Bargain Outlet, Walmart, Nordstrom, Lululemon Athletica, and On Holding with overweight ratings and specific price targets. Roth MKM analyst Scott Searle anticipates a recovery in the semiconductor, broadband, and IoT sectors, highlighting Calix, Clearfield, Cambium Networks, Aviat Networks, Semtech, Interdigital, PowerFleet, and KORE Group Holdings as stocks to watch, with expectations of smartphone growth and improved balance sheets.

Portfolio Pulse from Chris Katje

November 20, 2023 | 4:47 pm

Truist Securities analyst Joseph Civello initiated coverage on Dick's Sporting Goods Inc (DKS) with a Buy rating and a price target of $134, citing strong ties with Nike (NKE) and On Holding AG (ONON). Despite a 22% drop in DKS shares since 2Q23 EPS, the analyst sees a buying opportunity, highlighting the company's structural improvements and partnerships with major sports apparel/footwear vendors. The EPS estimates for FY23 and FY24 are $11.95 and $12.45, respectively. DKS shares rose 2.91% to $118.71 recently.

Portfolio Pulse from Nabaparna Bhattacharya

November 17, 2023 | 8:27 pm

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