TD Asset Management Inc Has $17.04 Million Stock Position in On Holding AG $ONON

TD Asset Management Inc increased its position in shares of On Holding AG (NYSE:ONON) by 8.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 402,400 shares of the company’s stock after acquiring an additional 32,200 shares during the period. TD Asset Management Inc’s holdings in ON were worth $17,042,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bison Wealth LLC increased its holdings in ON by 35.7% in the fourth quarter. Bison Wealth LLC now owns 9,291 shares of the company’s stock valued at $509,000 after purchasing an additional 2,442 shares during the period. Oppenheimer Asset Management Inc. bought a new position in ON during the second quarter worth $300,000. Envestnet Asset Management Inc. increased its stake in ON by 1.2% in the second quarter. Envestnet Asset Management Inc. now owns 418,598 shares of the company’s stock valued at $21,788,000 after purchasing an additional 5,107 shares in the last quarter. Y Intercept Hong Kong Ltd increased its position in ON by 549.3% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 36,511 shares of the company’s stock valued at $1,900,000 after buying an additional 30,888 shares in the last quarter. Finally, World Investment Advisors acquired a new position in shares of ON during the second quarter worth approximately $206,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.

ON Price Performance

Shares of ON stock opened at $46.50 on Monday. The stock has a market capitalization of $29.20 billion, a price-to-earnings ratio of 60.39, a price-to-earnings-growth ratio of 1.39 and a beta of 2.14. The company has a fifty day moving average of $46.41 and a 200-day moving average of $44.42. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.05 and a current ratio of 2.55. On Holding AG has a 52-week low of $34.38 and a 52-week high of $61.29.

Analysts Set New Price Targets

ONON has been the topic of a number of recent research reports. Bank of America raised their price objective on shares of ON from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. TD Cowen upped their target price on shares of ON from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Evercore cut their price target on ON from $68.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, November 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $52.00 target price on shares of ON in a research report on Thursday. Finally, BTIG Research reissued a “buy” rating and issued a $70.00 price target on shares of ON in a research report on Thursday, January 29th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, ON presently has an average rating of “Moderate Buy” and a consensus price target of $59.86.

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.