Vanguard Capital Wealth Advisors Sells 18,500 Shares of On Holding AG (NYSE:ONON)

Vanguard Capital Wealth Advisors decreased its position in shares of On Holding AG (NYSE:ONON) by 41.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,000 shares of the company’s stock after selling 18,500 shares during the period. Vanguard Capital Wealth Advisors’ holdings in ON were worth $920,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Orion Capital Management LLC grew its position in ON by 1,100.0% in the fourth quarter. Orion Capital Management LLC now owns 1,200 shares of the company’s stock worth $32,000 after acquiring an additional 1,100 shares in the last quarter. VisionPoint Advisory Group LLC bought a new position in ON during the fourth quarter valued at $32,000. Global Wealth Management Investment Advisory Inc. purchased a new stake in shares of ON in the fourth quarter valued at $33,000. Spire Wealth Management boosted its stake in shares of ON by 66.2% during the 4th quarter. Spire Wealth Management now owns 1,615 shares of the company’s stock worth $45,000 after purchasing an additional 643 shares during the period. Finally, Rakuten Securities Inc. bought a new position in ON during the 4th quarter valued at about $47,000. 33.11% of the stock is owned by institutional investors.

ON Stock Up 0.3 %

Shares of NYSE:ONON traded up $0.10 during trading on Friday, reaching $39.13. 1,831,380 shares of the company’s stock traded hands, compared to its average volume of 5,252,099. The firm has a market cap of $24.64 billion, a PE ratio of 88.71, a P/E/G ratio of 1.13 and a beta of 2.27. On Holding AG has a fifty-two week low of $23.41 and a fifty-two week high of $44.30. The company has a 50-day simple moving average of $37.68 and a 200-day simple moving average of $33.10.

ON (NYSE:ONON) last released its quarterly earnings results on Tuesday, May 14th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.20. The firm had revenue of $581.41 million for the quarter, compared to analysts’ expectations of $555.52 million. ON had a net margin of 6.46% and a return on equity of 11.13%. On average, equities research analysts forecast that On Holding AG will post 0.78 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ONON shares. JPMorgan Chase & Co. lifted their target price on ON from $40.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Needham & Company LLC lifted their price target on ON from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Evercore ISI upped their price objective on ON from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 15th. Redburn Atlantic reaffirmed a “neutral” rating and set a $34.00 price objective on shares of ON in a research report on Thursday, March 7th. Finally, Telsey Advisory Group boosted their target price on shares of ON from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, ON presently has an average rating of “Moderate Buy” and a consensus price target of $42.00.

ON Company Profile

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.