ON (NYSE:ONON) Price Target Lowered to $73.00 at UBS Group

ON (NYSE:ONON) had its price target dropped by UBS Group from $83.00 to $73.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 134.27% from the stock’s current price.

A number of other analysts also recently weighed in on ONON. JPMorgan Chase & Co. assumed coverage on shares of ON in a report on Thursday, July 2nd. They issued an “overweight” rating and a $51.00 price target for the company. BTIG Research decreased their target price on ON from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday. Barclays reduced their price objective on ON from $46.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday. Raymond James Financial lowered ON from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $52.00 to $38.00 in a report on Wednesday. Finally, KeyCorp restated an “overweight” rating on shares of ON in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.55.

ON Stock Up 0.8%

Shares of ONON stock opened at $31.16 on Wednesday. ON has a 12 month low of $30.11 and a 12 month high of $51.08. The firm has a market cap of $19.88 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 0.71 and a beta of 2.12. The stock has a 50 day moving average of $37.17 and a 200-day moving average of $38.81. The company has a quick ratio of 2.39, a current ratio of 2.98 and a debt-to-equity ratio of 0.26.

ON (NYSE:ONON) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. ON had a net margin of 7.92% and a return on equity of 15.72%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company posted ($0.09) earnings per share. ON’s quarterly revenue was up 13.5% on a year-over-year basis. On average, equities analysts predict that ON will post 1.52 EPS for the current year.

Insider Activity at ON

In other news, CEO Caspar Felix Coppetti acquired 60,000 shares of ON stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $36.64 per share, with a total value of $2,198,400.00. Following the acquisition, the chief executive officer owned 2,375,855 shares in the company, valued at $87,051,327.20. This represents a 2.59% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Olivier Bernhard purchased 60,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of $36.63 per share, for a total transaction of $2,197,800.00. Following the purchase, the insider directly owned 5,163,184 shares of the company’s stock, valued at $189,127,429.92. This trade represents a 1.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 180,000 shares of company stock valued at $6,594,000 over the last ninety days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Jacobi Capital Management LLC increased its holdings in ON by 3.6% in the fourth quarter. Jacobi Capital Management LLC now owns 6,875 shares of the company’s stock worth $320,000 after purchasing an additional 240 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in shares of ON by 2.4% in the 4th quarter. J.W. Cole Advisors Inc. now owns 12,283 shares of the company’s stock worth $571,000 after buying an additional 285 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of ON by 2.8% during the 4th quarter. Parallel Advisors LLC now owns 10,455 shares of the company’s stock worth $486,000 after purchasing an additional 285 shares during the period. MetLife Investment Management LLC boosted its stake in ON by 2.2% in the fourth quarter. MetLife Investment Management LLC now owns 14,411 shares of the company’s stock valued at $670,000 after acquiring an additional 308 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in ON by 69.6% in the first quarter. EverSource Wealth Advisors LLC now owns 760 shares of the company’s stock valued at $26,000 after purchasing an additional 312 shares during the last quarter. 36.39% of the stock is currently owned by institutional investors and hedge funds.

More ON News

Here are the key news stories impacting ON this week:

• Positive Sentiment: On reported continued profitability and strong direct-to-consumer momentum. Second-quarter revenue rose 13.5% year over year, DTC sales increased 26% and represented 45.7% of sales, while gross margin reached 65.4%. Management raised its full-year 2026 gross-margin outlook to at least 65%. On Holding Slides After Q2 Sales Missed Expectations Despite Strong Margins
• Positive Sentiment: Several analysts still see substantial long-term upside and retained bullish ratings despite lowering their targets. Telsey cut its target to $43 from $51, Baird to $55 from $70, BTIG to $60 from $70 and Needham to $37 from $45; the firms maintained outperform or buy ratings. On Holding Analysts Slash Their Forecasts After Q2 Results
• Neutral Sentiment: Management continues to target approximately 20% full-year revenue growth and issued 2026 revenue guidance of roughly $4.4 billion to $4.5 billion. However, that range is around or below the $4.5 billion analyst consensus, leaving investors focused on execution and the pace of recovery.
• Negative Sentiment: The main catalyst for the sell-off was a second-quarter sales miss: revenue was approximately $1.05 billion versus expectations near $1.09 billion. Wholesale growth slowed to 4.8% as On used a more selective sell-in strategy, raising concerns about slowing sales growth and near-term demand. On Shares Fall Sharply After Wholesale Slowdown in Q2
• Negative Sentiment: Higher U.S. tariff costs, cautious consumer spending and foreign-exchange effects added pressure. Although earnings per share slightly exceeded consensus or matched estimates depending on the data source, investors appeared more concerned about the revenue shortfall and cautious outlook than the stronger margins. William Blair also downgraded ONON to market perform. On Shares Tumble After Quarterly Net Sales Miss

About ON

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.