Lisanti Capital Growth LLC Has $1.43 Million Position in On Holding AG (NYSE:ONON)

Lisanti Capital Growth LLC increased its holdings in shares of On Holding AG (NYSE:ONON) by 52.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,350 shares of the company’s stock after acquiring an additional 13,835 shares during the quarter. Lisanti Capital Growth LLC’s holdings in ON were worth $1,428,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Graham Capital Management L.P. acquired a new position in ON in the 3rd quarter valued at $258,000. American Century Companies Inc. grew its holdings in ON by 109.3% in the 3rd quarter. American Century Companies Inc. now owns 6,566,787 shares of the company’s stock valued at $182,688,000 after buying an additional 3,428,794 shares in the last quarter. Norman Fields Gottscho Capital Management LLC acquired a new position in ON in the 4th quarter valued at $4,677,000. Renaissance Capital LLC grew its holdings in ON by 26.3% in the 4th quarter. Renaissance Capital LLC now owns 134,807 shares of the company’s stock valued at $3,636,000 after buying an additional 28,102 shares in the last quarter. Finally, Bennett Selby Investments LP acquired a new position in ON in the 4th quarter valued at $293,000. 33.11% of the stock is owned by institutional investors and hedge funds.

ON Stock Performance

Shares of ONON stock traded up $0.48 on Friday, hitting $37.51. The company had a trading volume of 3,741,480 shares, compared to its average volume of 4,399,449. The firm has a market cap of $23.62 billion, a P/E ratio of 85.25, a P/E/G ratio of 1.09 and a beta of 2.22. The stock’s 50-day moving average is $38.80 and its two-hundred day moving average is $33.70. On Holding AG has a twelve month low of $23.41 and a twelve month high of $44.30.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on ONON. UBS Group upped their price objective on ON from $53.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Stifel Nicolaus reissued a “buy” rating and set a $41.00 target price on shares of ON in a report on Thursday, May 16th. Evercore ISI increased their target price on ON from $40.00 to $43.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. The Goldman Sachs Group increased their target price on ON from $41.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Finally, TD Cowen increased their target price on ON from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, ON currently has a consensus rating of “Moderate Buy” and an average target price of $42.53.

ON 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.