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

Needham analyst Anna Andreeva maintains a Buy rating on On Holding (NYSE:ONON) and raises the price target from $40 to $45.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 10:08 am

Wall Street trades flat amid mixed producer inflation data and anticipation for consumer inflation report. Fed Chair Powell sees prolonged current monetary policy, while President Biden imposes significant tariffs on Chinese imports. The U.S. dollar index and Treasury yields fell, while small caps and meme stocks like GameStop and AMC surged. Commodities saw mixed movements, and Bitcoin dropped. Key ETFs and stocks like Insulet, Plug Power, SunPower, and Delcath Systems reacted to various news, including earnings and significant financial developments.

Portfolio Pulse from Piero Cingari

May 14, 2024 | 5:59 pm

Alibaba Group Holding Limited (NYSE:BABA) shares fell by around 7% following mixed Q1 financial results. Other stocks experienced significant movements, with notable gainers including Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) and losers like Scorpius Holdings, Inc. (NASDAQ:SCPX).

Portfolio Pulse from Avi Kapoor

May 14, 2024 | 5:30 pm

On Holding shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 11:06 am

On Holding (NYSE:ONON) reported Q1 2024 adjusted EPS of $0.38, surpassing the $0.14 estimate, with sales of $581.594M exceeding the $497.163M forecast. This represents a 28.09% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 9:04 am

Telsey Advisory Group analyst Cristina Fernández maintained an Outperform rating on On Holding AG (NYSE:ONON) with a price forecast of $37, ahead of its Q1 results on May 14. Fernández anticipates strong sales growth driven by new product introductions across various categories and significant margin expansion. The analyst projects an 18.5% year-over-year sales growth to CHF 498 million and an EBITDA of CHF 76 million, indicating an EBITDA margin expansion to 15.3%. The company's focus on direct-to-consumer sales and expansion into new markets and categories is highlighted as key growth drivers.

Portfolio Pulse from Nabaparna Bhattacharya

May 07, 2024 | 6:35 pm

Telsey Advisory Group analyst Cristina Fernandez maintains an Outperform rating on On Holding (NYSE:ONON) with a $37 price target.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:33 pm

Morgan Stanley analyst Alex Straton maintains an Overweight rating on On Holding (NYSE:ONON) and raises the price target from $32 to $35.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 5:15 pm

TD Cowen analyst John Kernan maintains a Buy rating on On Holding (NYSE:ONON) and raises the price target from $36 to $38.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 5:49 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

April 24, 2024 | 12:15 pm

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