First Dallas Securities Inc. Sells 575 Shares of On Holding AG (NYSE:ONON)

First Dallas Securities Inc. trimmed its holdings in shares of On Holding AG (NYSE:ONON) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,595 shares of the company’s stock after selling 575 shares during the period. First Dallas Securities Inc.’s holdings in ON were worth $690,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Private Trust Co. NA bought a new position in shares of ON in the third quarter valued at approximately $26,000. Blue Trust Inc. boosted its position in ON by 319.8% during the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock valued at $27,000 after buying an additional 403 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in ON by 210.5% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock worth $28,000 after acquiring an additional 400 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in shares of ON during the third quarter valued at approximately $29,000. Finally, Quarry LP bought a new position in ON during the 2nd quarter valued at approximately $32,000. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on ONON shares. Truist Financial lifted their price target on shares of ON from $58.00 to $61.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. TD Cowen raised their price target on ON from $65.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Morgan Stanley raised their price objective on ON from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Raymond James upgraded shares of ON from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $58.00 to $63.00 in a report on Thursday, November 21st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $64.00 price objective on shares of ON in a research note on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ON has an average rating of “Moderate Buy” and an average price target of $59.73.

ON Trading Down 2.4 %

NYSE:ONON opened at $58.44 on Tuesday. The stock has a market cap of $36.80 billion, a P/E ratio of 135.91, a price-to-earnings-growth ratio of 1.21 and a beta of 2.30. The stock’s 50-day moving average is $57.40 and its 200-day moving average is $50.65. On Holding AG has a 1-year low of $26.87 and a 1-year high of $64.05.

ON Profile

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.