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

Oracle (ORCL) shares rose by 14% following positive Q3 financial results. Regulus Therapeutics (RGLS) shares surged by 103% after announcing promising topline results from a Phase 1b study and a $100 million private placement. On Holding (ONON) shares fell by 18% due to disappointing Q4 financial results.

Portfolio Pulse from ryanfaloona@benzinga.com

March 12, 2024 | 12:43 pm

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

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:46 am

On Holding shares are trading lower due to the company reporting worse-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 10:47 am

On Holding (NYSE:ONON) reported a Q4 adjusted loss of $(0.06) per share, missing the analyst consensus estimate of $0.11. This represents a 380% decrease from last year's earnings. Quarterly sales were $504.23M, missing the $510.19M estimate but marking a 32.82% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 10:06 am

Numerous companies are scheduled to report their earnings on March 12, 2024, with expectations ranging from significant profits to losses. Key highlights include Aurora Mobile, MINISO Group, and Archer-Daniels Midland among others, projecting varied financial outcomes for their respective quarters.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 9:35 am

WallStreetBets users are discussing the upcoming earnings reports for Adobe, On Holdings, and Kohl's. Opinions on Adobe are mixed, with some expecting a decline due to AI competition, while others see Adobe's AI integration as a strength. On Holdings is expected to perform well in its earnings report, with its popularity surging. Kohl's is facing skepticism, with many users planning to buy puts ahead of its earnings report, expecting poor performance.

Portfolio Pulse from Erica Kollmann

March 11, 2024 | 10:01 pm

On Holding shares are trading higher in anticipation of the company's Q4 earnings report.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 6:58 pm

On Holding AG's (NYSE:ONON) stock rose over 2% ahead of its earnings report, outperforming the SPDR S&P 500 ETF (NYSE:SPY) and the broader market. The company, backed by Roger Federer, has seen a 25% YTD increase despite a historical 10% drop since going public in 2021. Analysts have mixed views, with Wedbush and Baird raising price targets to $38, while Redburb Atlantic downgraded it to $34. Lupton Capital's CEO predicts On could challenge Nike Inc's (NYSE:NKE) market share.

Portfolio Pulse from Aaron Bry

March 11, 2024 | 4:45 pm

On Holding (NYSE:ONON) is scheduled to release its quarterly earnings report on 2024-03-12, with analysts expecting an EPS of $0.11. The company's past performance shows a mixed record of beating EPS estimates, with a notable 8.27% share price increase following last quarter's earnings beat. Shares are currently trading at $33.09, up 58.27% over the last 52 weeks, indicating a positive sentiment among long-term shareholders ahead of the earnings announcement.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 2:00 pm

Wedbush analyst Tom Nikic maintains an Outperform rating on On Holding (NYSE:ONON) and raises the price target from $33 to $38.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 2:35 pm

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