On Holding AG (NYSE:ONON) Shares Bought by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC grew its position in On Holding AG (NYSE:ONON) by 121.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,230 shares of the company’s stock after purchasing an additional 48,880 shares during the period. Lisanti Capital Growth LLC’s holdings in ON were worth $3,462,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ONON. Rheos Capital Works Inc. acquired a new stake in ON during the first quarter valued at approximately $10,614,000. Blair William & Co. IL bought a new stake in ON during the first quarter valued at $502,000. Janney Montgomery Scott LLC boosted its holdings in shares of ON by 1,011.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 104,185 shares of the company’s stock valued at $3,686,000 after buying an additional 94,814 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of ON during the 1st quarter worth approximately $8,094,000. Finally, Wellington Management Group LLP acquired a new position in ON during the 4th quarter valued at approximately $34,420,000. Institutional investors and hedge funds own 33.11% of the company’s stock.

ON Price Performance

NYSE ONON traded up $0.06 on Friday, hitting $46.98. 3,907,528 shares of the company were exchanged, compared to its average volume of 6,436,466. On Holding AG has a twelve month low of $23.41 and a twelve month high of $48.08. The company’s 50 day moving average price is $40.16 and its 200-day moving average price is $37.06. The firm has a market capitalization of $29.58 billion, a P/E ratio of 106.77, a price-to-earnings-growth ratio of 1.30 and a beta of 2.22.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Sanford C. Bernstein began coverage on shares of ON in a report on Tuesday, June 11th. They issued an “outperform” rating and a $50.00 price objective on the stock. Truist Financial boosted their price objective on ON from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Morgan Stanley raised their target price on ON from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. boosted their price target on ON from $40.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $47.00 price target on shares of ON in a research note on Tuesday, August 13th. Two analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.83.

ON Company 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.