Jones Financial Companies Lllp Acquires 4,287 Shares of On Holding AG (NYSE:ONON)

Jones Financial Companies Lllp grew its holdings in shares of On Holding AG (NYSE:ONON) by 33.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 17,181 shares of the company’s stock after acquiring an additional 4,287 shares during the period. Jones Financial Companies Lllp’s holdings in ON were worth $941,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ONON. Private Trust Co. NA bought a new position in shares of ON during the third quarter valued at $26,000. MidAtlantic Capital Management Inc. bought a new position in ON during the third quarter worth $29,000. Strategic Financial Concepts LLC bought a new position in ON during the fourth quarter worth $30,000. Legacy Bridge LLC bought a new position in ON during the fourth quarter worth $43,000. Finally, Arcadia Investment Management Corp MI bought a new position in ON during the fourth quarter worth $53,000. Institutional investors own 36.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ONON. Barclays lifted their target price on shares of ON from $63.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday. Citigroup assumed coverage on shares of ON in a research note on Wednesday, December 18th. They set a “neutral” rating and a $65.00 target price for the company. UBS Group lifted their price target on shares of ON from $65.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday. TD Cowen lifted their price target on shares of ON from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $67.00 price target on shares of ON in a research note on Tuesday, March 4th. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.62.

ON Stock Performance

ON stock opened at $46.70 on Friday. On Holding AG has a fifty-two week low of $27.37 and a fifty-two week high of $64.05. The stock has a market cap of $29.40 billion, a PE ratio of 108.61, a price-to-earnings-growth ratio of 1.02 and a beta of 2.35. The firm’s 50-day simple moving average is $54.90 and its 200 day simple moving average is $52.51.

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.