Janney Capital Management LLC Sells 2,833 Shares of On Holding AG (NYSE:ONON)

Janney Capital Management LLC reduced its stake in shares of On Holding AG (NYSE:ONON) by 20.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,856 shares of the company’s stock after selling 2,833 shares during the quarter. Janney Capital Management LLC’s holdings in ON were worth $595,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Private Trust Co. NA bought a new stake in ON during the third quarter worth $26,000. Blue Trust Inc. raised its holdings in shares of ON by 319.8% during the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $27,000 after buying an additional 403 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of ON by 210.5% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock worth $28,000 after buying an additional 400 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in ON in the third quarter valued at about $29,000. Finally, Quarry LP acquired a new stake in ON in the second quarter valued at about $32,000. Institutional investors own 36.39% of the company’s stock.

Analysts Set New Price Targets

ONON has been the subject of a number of research reports. Barclays increased their target price on shares of ON from $47.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. KeyCorp increased their price objective on shares of ON from $47.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, September 26th. Telsey Advisory Group restated an “outperform” rating and issued a $67.00 target price on shares of ON in a research report on Wednesday, January 15th. Robert W. Baird upped their price target on shares of ON from $55.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Citigroup began coverage on ON in a report on Wednesday, December 18th. They set a “neutral” rating and a $65.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $59.36.

ON Trading Down 2.2 %

Shares of ON stock opened at $58.61 on Thursday. The business has a 50-day moving average price of $56.37 and a two-hundred day moving average price of $49.28. On Holding AG has a 1-year low of $26.03 and a 1-year high of $60.67. The company has a market cap of $36.90 billion, a P/E ratio of 136.30, a PEG ratio of 1.23 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.