Telsey Advisory Group Reiterates Outperform Rating for ON (NYSE:ONON)

ON (NYSE:ONON)‘s stock had its “outperform” rating restated by stock analysts at Telsey Advisory Group in a report released on Tuesday,Benzinga reports. They currently have a $65.00 price objective on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 50.18% from the company’s current price.

A number of other research analysts also recently commented on ONON. Jefferies Financial Group reiterated an “underperform” rating and set a $31.00 price objective on shares of ON in a research note on Wednesday, November 12th. Williams Trading cut shares of ON from a “buy” rating to a “hold” rating and reduced their price target for the stock from $55.00 to $47.00 in a research report on Thursday, January 8th. Bank of America boosted their price objective on ON from $62.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, November 13th. JPMorgan Chase & Co. upped their price objective on ON from $71.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Finally, Stifel Nicolaus set a $60.00 target price on ON in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.41.

ON Price Performance

Shares of NYSE ONON opened at $43.28 on Tuesday. The company has a quick ratio of 2.05, a current ratio of 2.55 and a debt-to-equity ratio of 0.28. ON has a fifty-two week low of $34.38 and a fifty-two week high of $61.29. The business has a 50 day moving average price of $46.24 and a two-hundred day moving average price of $44.42. The firm has a market cap of $27.18 billion, a PE ratio of 60.11, a price-to-earnings-growth ratio of 1.31 and a beta of 2.14.

ON (NYSE:ONON) last announced its earnings results on Tuesday, March 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. ON had a return on equity of 13.68% and a net margin of 6.59%.The company had revenue of $937.29 million for the quarter, compared to analyst estimates of $727.55 million. During the same period in the prior year, the company posted $0.33 EPS. ON’s quarterly revenue was up 22.6% on a year-over-year basis. Sell-side analysts expect that ON will post 0.66 earnings per share for the current fiscal year.

Institutional Trading of ON

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. lifted its holdings in ON by 639.7% in the fourth quarter. Cullen Frost Bankers Inc. now owns 540 shares of the company’s stock worth $25,000 after purchasing an additional 467 shares during the period. Caitlin John LLC acquired a new stake in shares of ON in the 4th quarter worth approximately $25,000. MidAtlantic Capital Management Inc. bought a new position in shares of ON in the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of ON by 555.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 701 shares of the company’s stock valued at $33,000 after acquiring an additional 594 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its stake in shares of ON by 109.9% during the fourth quarter. TD Private Client Wealth LLC now owns 804 shares of the company’s stock valued at $37,000 after acquiring an additional 421 shares during the period. 36.39% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about ON

Here are the key news stories impacting ON this week:

• Positive Sentiment: Q4 results beat across the board — EPS topped estimates and revenue came in well above consensus; full-year sales topped CHF 3.0 billion and margins hit record levels, supporting longer-term growth thesis. Earnings / Transcript
• Positive Sentiment: Several sell-side analysts remain constructive: Telsey reaffirmed an outperform rating with a $65 PT, and the consensus of analyst targets still implies meaningful upside — evidence that long-term estimates and demand assumptions remain favorable. Telsey / Analyst Notes
• Neutral Sentiment: Earnings-call transcripts and detailed commentary are available for investors wanting management’s guideposts on category expansion and margin drivers — useful for assessing whether FY26 guidance is conservative or structural. Earnings Call Transcript
• Neutral Sentiment: Aggregate analyst price-target coverage still implies ~20–30% upside on average, which keeps buy-side narratives alive despite short-term volatility. Zacks Analyst Consensus
• Negative Sentiment: Management’s FY26 revenue guidance was below many analysts’ expectations, triggering an immediate downshift in sentiment and a sharp intraday reaction as investors re-priced forward growth. CNBC: Guidance Reaction
• Negative Sentiment: Some brokerages trimmed price targets (Barclays lowered its PT from $60 to $57; Guggenheim cut from $59 to $51) — lowering near-term upside expectations even though ratings largely stayed constructive. Benzinga: PT Changes
• Negative Sentiment: Media coverage highlighted that guidance “spooked” investors and led to a material pullback in sentiment; that narrative is amplifying short-term selling pressure. Seeking Alpha: Investor Reaction

ON Company Profile

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.