On Holding AG $ONON Stock Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its holdings in shares of On Holding AG (NYSE:ONON) by 116.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,741,829 shares of the company’s stock after purchasing an additional 938,285 shares during the period. Pictet Asset Management Holding SA’s holdings in ON were worth $51,571,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in ON by 69.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 760 shares of the company’s stock valued at $26,000 after buying an additional 312 shares in the last quarter. Signaturefd LLC raised its stake in ON by 29.5% in the third quarter. Signaturefd LLC now owns 1,598 shares of the company’s stock valued at $47,000 after buying an additional 364 shares during the last quarter. City Center Advisors LLC boosted its holdings in ON by 5.2% in the third quarter. City Center Advisors LLC now owns 8,675 shares of the company’s stock worth $257,000 after acquiring an additional 429 shares in the last quarter. Glenmede Trust Co. NA boosted its holdings in ON by 6.1% in the first quarter. Glenmede Trust Co. NA now owns 7,592 shares of the company’s stock worth $258,000 after acquiring an additional 439 shares in the last quarter. Finally, PVG Asset Management Corp boosted its holdings in ON by 5.4% in the second quarter. PVG Asset Management Corp now owns 9,341 shares of the company’s stock worth $331,000 after acquiring an additional 480 shares in the last quarter. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Raymond James Financial boosted their price target on ON from $38.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 16th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of ON in a research report on Thursday, September 24th. Barclays lifted their target price on shares of ON from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, September 24th. Wells Fargo & Company started coverage on shares of ON in a research note on Wednesday, November 4th. They issued an “overweight” rating and a $48.00 target price for the company. Finally, Capital One Financial set a $28.00 target price on shares of ON in a research report on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $43.81.

Insider Transactions at ON

In other news, CEO Caspar Coppetti bought 65,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average price of $30.67 per share, with a total value of $1,993,550.00. Following the completion of the acquisition, the chief executive officer directly owned 2,440,855 shares of the company’s stock, valued at $74,861,022.85. This trade represents a 2.74% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Olivier Bernhard bought 65,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were purchased at an average cost of $30.67 per share, with a total value of $1,993,550.00. Following the acquisition, the insider directly owned 5,228,184 shares of the company’s stock, valued at approximately $160,348,403.28. This trade represents a 1.26% increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

Key ON News

Here are the key news stories impacting ON this week:

• Positive Sentiment: Q3 sales rose 17.2% to CHF 931.4 million, while earnings of about $0.65 per share topped analyst estimates. Direct-to-consumer sales grew 25%, and net income increased 36.9%. On Holding beats Q3 earnings and revenue estimates
• Positive Sentiment: The company raised its comparable full-year gross-margin outlook to around 66%. Cantor Fitzgerald also initiated coverage with an Overweight rating and a $46 price target. On raises 2026 gross margin outlook Cantor Fitzgerald rating
• Negative Sentiment: Reported Q3 gross margin was boosted by CHF 52.6 million in U.S. tariff refunds, raising concerns that the profit strength may not be fully repeatable. On Holding Q3 2026 results
• Negative Sentiment: On kept its full-year sales-growth outlook in the low-20% range at constant currency and did not raise its comparable EBITDA outlook. Wholesale growth of 13.2% also trailed DTC growth, contributing to disappointment after strong quarterly results. Tariff-inflated margins and unchanged sales outlook

ON Stock Performance

Shares of ONON stock opened at $34.72 on Wednesday. The firm has a market capitalization of $22.16 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 0.74 and a beta of 2.05. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.83 and a quick ratio of 2.25. The business has a fifty day moving average of $31.79 and a 200 day moving average of $36.41. On Holding AG has a 1 year low of $26.36 and a 1 year high of $51.08.

ON (NYSE:ONON) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.07). The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.09 billion. ON had a net margin of 12.09% and a return on equity of 22.92%. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.09) EPS. As a group, research analysts expect that On Holding AG will post 1.50 earnings per share for the current year.

ON Company Profile

On Holding AG, which trades on the New York Stock Exchange under the symbol ONON, is a Swiss sportswear company that develops and sells performance footwear, apparel and accessories. Its products serve runners and other athletes, as well as consumers seeking athletic-inspired everyday wear. The company is known for its running shoes, which feature its CloudTec cushioning technology. On also offers apparel and equipment for activities including running, training and outdoor sports, selling through wholesale partners and its own retail and online channels.