Tsfg LLC Purchases 1,968 Shares of On Holding AG (NYSE:ONON)

Tsfg LLC increased its position in shares of On Holding AG (NYSE:ONON) by 143.6% during the 4th quarter, Holdings Channel reports. The firm owned 3,338 shares of the company’s stock after acquiring an additional 1,968 shares during the period. Tsfg LLC’s holdings in ON were worth $183,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Private Advisor Group LLC lifted its position in shares of ON by 48.6% in the second quarter. Private Advisor Group LLC now owns 21,875 shares of the company’s stock valued at $849,000 after acquiring an additional 7,154 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in ON by 66.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 222,955 shares of the company’s stock valued at $8,651,000 after purchasing an additional 88,656 shares during the period. Renaissance Technologies LLC purchased a new position in ON in the 2nd quarter worth approximately $27,975,000. Virtu Financial LLC bought a new position in ON in the 2nd quarter worth approximately $2,723,000. Finally, Bradley Foster & Sargent Inc. CT grew its holdings in ON by 7.2% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 6,728 shares of the company’s stock valued at $261,000 after buying an additional 453 shares in the last quarter. Hedge funds and other institutional investors own 36.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on ONON. Piper Sandler upped their target price on shares of ON from $52.00 to $56.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. Needham & Company LLC started coverage on shares of ON in a report on Friday, November 22nd. They set a “buy” rating and a $64.00 price objective for the company. Stifel Nicolaus boosted their target price on ON from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Williams Trading upgraded ON from a “hold” rating to a “buy” rating and raised their price target for the company from $40.00 to $60.00 in a report on Wednesday, November 13th. Finally, UBS Group reaffirmed a “buy” rating and set a $63.00 price objective on shares of ON in a report on Friday, December 27th. Four analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.86.

ON Stock Performance

Shares of ONON stock opened at $55.29 on Tuesday. The stock has a 50 day moving average price of $55.48 and a 200 day moving average price of $48.39. On Holding AG has a 52-week low of $26.03 and a 52-week high of $60.12. The firm has a market capitalization of $34.81 billion, a P/E ratio of 128.58 and a beta of 2.30.

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.