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

47.17

Mkt cap

15B

Volume

2.6M

High

47.60

P/E Ratio

55.29

52-wk high

64.05

Low

46.17

Div yield

N/A

52-wk low

29.84

On Holding shares are trading higher following mixed Q2 financial results. The stock initially fell but has since reversed.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 6:16 pm

Tech stocks surged and Treasury yields fell on Tuesday following lower-than-expected producer inflation data, increasing expectations for Federal Reserve rate cuts. Major indices and ETFs saw significant movements, with notable performances from Starbucks, Chipotle, and Home Depot.

Portfolio Pulse from Piero Cingari

August 13, 2024 | 4:55 pm

On Holding AG (NYSE:ONON) reported Q2 sales of $627.683 million, surpassing expectations of $561.038 million. Despite missing EPS estimates by 1 cent, the company saw improvements in gross profit margin, net income, and adjusted EBITDA. CEO David Allemann highlighted strategic initiatives, including a partnership with Zendaya and new technology. The company reiterated its full-year sales growth expectation of at least 30%. ONON shares rose by 6.90% to $42.29.

Portfolio Pulse from Nabaparna Bhattacharya

August 13, 2024 | 4:11 pm

On Holding AG (NYSE:ONON) reported mixed Q2 results, missing earnings estimates but beating revenue expectations. This led to an 8.6% drop in pre-market trading. Other stocks like Viasat, Inc. (NASDAQ:VSAT), UTime Limited (NASDAQ:WTO), Tencent Music Entertainment Group (NYSE:TME), Hudbay Minerals Inc. (NYSE:HBM), Genmab A/S (NASDAQ:GMAB), and Lumen Technologies, Inc. (NYSE:LUMN) also saw declines in pre-market trading.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 12:29 pm

Telsey Advisory Group has maintained its 'Outperform' rating on On Holding (NYSE:ONON) with a price target of $47, as stated by analyst Cristina Fernandez.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:55 am

Rumble Inc. (NASDAQ:RUM) shares rose 7.1% in pre-market trading after reporting better-than-expected Q2 financial results. Other notable pre-market movers include Vicinity Motor Corp. (NASDAQ:VEV) up 136.7%, MKDWELL Tech Inc. (NASDAQ:MKDW) up 54.1%, and Syros Pharmaceuticals, Inc. (NASDAQ:SYRS) down 56.4%.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 10:35 am

On Holding shares are trading lower following mixed Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:28 am

On Holding (NYSE:ONON) reported Q2 2024 adjusted EPS of $0.15, missing the $0.16 estimate, but achieved sales of $627.683 million, surpassing the $561.038 million estimate and marking a 27.04% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 9:46 am

Stifel analyst Jim Duffy maintains a Buy rating on On Holding (NYSE:ONON) and raises the price target from $41 to $45.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:32 pm

Telsey Advisory Group has maintained its 'Outperform' rating on On Holding (NYSE:ONON) with a price target of $47, as stated by analyst Cristina Fernandez.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 10:59 am

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