ON (NYSE:ONON) Sets New 1-Year Low – Here’s What Happened

26 Aug 2026, 07:42 by Sarita Garza · The Markets Daily

On Holding AG (NYSE:ONON – Get Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as $28.55 and last traded at $28.8170, with a volume of 10005589 shares. The stock had previously closed at $29.51.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of ON from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Telsey Advisory Group decreased their target price on shares of ON from $51.00 to $43.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 12th. Robert W. Baird lowered their target price on shares of ON from $70.00 to $55.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 12th. The Goldman Sachs Group set a $42.00 price target on shares of ON in a research report on Wednesday, August 12th. Finally, Bank of America restated a “buy” rating on shares of ON in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, ON currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.57.

Read Our Latest Analysis on ON

ON Stock Down 2.3%

The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 0.25. The business has a 50-day simple moving average of $35.70 and a two-hundred day simple moving average of $37.77. The stock has a market capitalization of $18.39 billion, a P/E ratio of 19.60, a PEG ratio of 0.60 and a beta of 2.12.

ON (NYSE:ONON – Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). ON had a net margin of 12.09% and a return on equity of 22.92%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the business posted ($0.09) earnings per share. The firm’s revenue was up 13.5% compared to the same quarter last year. Equities research analysts forecast that On Holding AG will post 1.47 earnings per share for the current fiscal year.

Insider Transactions at ON

In other news, insider Olivier Bernhard purchased 65,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Caspar Felix Coppetti purchased 65,000 shares of the business’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 completion of the acquisition, the chief executive officer directly owned 2,440,855 shares in the company, valued at $74,861,022.85. The trade was a 2.74% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Bison Wealth LLC raised its position in ON by 35.7% in the 4th 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 last quarter. Prudential Financial Inc. bought a new stake in shares of ON during the second quarter worth $517,000. Invesco Ltd. increased its stake in shares of ON by 305.5% in the second quarter. Invesco Ltd. now owns 157,281 shares of the company’s stock valued at $8,186,000 after buying an additional 118,498 shares in the last quarter. Cresset Asset Management LLC increased its stake in shares of ON by 13.5% in the second quarter. Cresset Asset Management LLC now owns 7,232 shares of the company’s stock valued at $376,000 after buying an additional 860 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of ON by 91.7% in the second quarter. Daiwa Securities Group Inc. now owns 2,661 shares of the company’s stock valued at $139,000 after buying an additional 1,273 shares during the last quarter. Institutional investors own 36.39% of the company’s stock.

ON Company Profile

(Get Free Report)

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.