William Blair Has Negative Outlook for ON Q2 Earnings

On Holding AG (NYSE:ONON) – Research analysts at William Blair dropped their Q2 2025 earnings per share estimates for shares of ON in a research note issued on Tuesday, April 1st. William Blair analyst D. Carden now forecasts that the company will post earnings of $0.14 per share for the quarter, down from their previous estimate of $0.16. The consensus estimate for ON’s current full-year earnings is $0.66 per share. William Blair also issued estimates for ON’s Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.21 EPS and Q3 2025 earnings at $0.21 EPS.

Other equities analysts have also issued research reports about the stock. HSBC upgraded shares of ON from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Tuesday, March 11th. TD Cowen increased their price target on ON from $65.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Needham & Company LLC dropped their price objective on ON from $64.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday. Hsbc Global Res upgraded ON from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Finally, Stifel Nicolaus raised their price target on shares of ON from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.45.

ON Stock Down 16.4 %

ONON opened at $37.57 on Friday. The firm has a market capitalization of $23.66 billion, a P/E ratio of 87.38, a P/E/G ratio of 1.02 and a beta of 2.35. The firm’s 50 day moving average is $50.77 and its 200-day moving average is $52.48. ON has a 52-week low of $29.84 and a 52-week high of $64.05.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ONON. Apollon Wealth Management LLC grew its position in shares of ON by 74.0% during the fourth quarter. Apollon Wealth Management LLC now owns 16,005 shares of the company’s stock worth $877,000 after acquiring an additional 6,808 shares during the last quarter. RB Capital Management LLC raised its holdings in shares of ON by 214.8% during the third quarter. RB Capital Management LLC now owns 22,426 shares of the company’s stock valued at $1,125,000 after buying an additional 15,303 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of ON by 34.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,376,850 shares of the company’s stock worth $76,213,000 after buying an additional 349,789 shares during the period. Strategic Financial Concepts LLC bought a new position in ON in the 4th quarter worth approximately $30,000. Finally, Y Intercept Hong Kong Ltd increased its position in ON by 584.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 83,651 shares of the company’s stock valued at $4,195,000 after acquiring an additional 71,436 shares during the period. 36.39% of the stock is currently owned by institutional investors.

ON Company 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.