Citigroup initiated coverage on On with a new price target
$ONON
Shoe Manufacturing
Consumer Discretionary
Citigroup initiated coverage of On with a rating of Neutral and set a new price target of $65.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/28/2025 | $60.00 | Neutral → Buy | Citigroup |
| 4/1/2025 | $44.00 | Hold | Jefferies |
| 3/11/2025 | $58.00 | Hold → Buy | HSBC Securities |
| 2/12/2025 | $57.00 | Buy → Neutral | Goldman |
| 1/7/2025 | $73.00 | Buy | BofA Securities |
| 12/18/2024 | $65.00 | Neutral | Citigroup |
| 11/22/2024 | $64.00 | Buy | Needham |
| 11/21/2024 | $58.00 → $63.00 | Outperform → Strong Buy | Raymond James |
On (NYSE:ONON), the global premium sportswear brand recognized for its innovation, design, and impact, today announced a strategic evolution of its leadership structure. On will transition to a single-CEO structure–with current Co-CEO and CFO Martin Hoffmann assuming the role of CEO–, appoint key senior leaders to further strengthen the existing team, and ensure continued leadership from the company's founders. After 12 years of successful leadership, current Co-CEO Marc Maurer has decided to depart On to embark on a new chapter in his professional life. Under the leadership of the On founders and Co-CEO's, collectively the Partners, On has transitioned from a challenger in the running ind
Swiss performance sports brand On (NYSE:ONON) announced today the election of Dennis Durkin as additional independent member of the Board of Directors. David Allemann, Co-Founder and Executive Co-Chairman of On, said: "We are extremely pleased to welcome Dennis to the On Board, and with this have him take the chair of the Audit Committee. Together with Alex Perez, we now have a fully independent and highly experienced Audit Committee. Following the recent appointment of Amy Banse as an On Board member, we continue the journey of bringing highly experienced individuals with independent and diverse viewpoints to the On Board of Directors." Mr. Durkin has served as a board observer to the On
Citigroup upgraded On from Neutral to Buy and set a new price target of $60.00
Jefferies initiated coverage of On with a rating of Hold and set a new price target of $44.00
HSBC Securities upgraded On from Hold to Buy and set a new price target of $58.00
SC 13G/A - On Holding AG (0001858985) (Subject)
SC 13G/A - On Holding AG (0001858985) (Subject)
SC 13G/A - On Holding AG (0001858985) (Subject)
On (NYSE:ONON), the global premium sportswear brand recognized for its innovation, design, and impact, today announced a strategic evolution of its leadership structure. On will transition to a single-CEO structure–with current Co-CEO and CFO Martin Hoffmann assuming the role of CEO–, appoint key senior leaders to further strengthen the existing team, and ensure continued leadership from the company's founders. After 12 years of successful leadership, current Co-CEO Marc Maurer has decided to depart On to embark on a new chapter in his professional life. Under the leadership of the On founders and Co-CEO's, collectively the Partners, On has transitioned from a challenger in the running ind
On delivers strong full year 2024 results, exceeding its latest outlook across all metrics. Net sales landed at CHF 2,318.3 million, reflecting a full year growth rate of 29.4% on a reported basis and 33.2% on a constant currency basis. On achieves a gross profit margin of 60.6%, net income of CHF 242.3 million, and an adjusted EBITDA margin of 16.7%, and further concludes the year with a strong cash balance nearing CHF 1 billion. These results underscore On's ability to drive continued strong growth alongside increasing profitability and significant cash flow generation. In the fourth quarter, On's net sales increased to CHF 606.6 million, growing by 35.7% year-over-year on a reported b
Swiss performance sportswear brand On (NYSE:ONON) announced today that the Company will release its fourth quarter and full year 2024 financial results on Tuesday, Mar. 4, 2025 before U.S. financial markets open. The Company's management will host an earnings conference call and webcast at 8 a.m. U.S. Eastern Time on Mar. 4, 2025 (2 p.m. Central European Time). To access the live conference call by telephone, please dial the following numbers: United States: +1 646 307 19 63 United Kingdom: +44 203 481 42 47 Switzerland: +41 43 210 51 63 Conference ID: 1279252 Additionally, a live webcast of the conference call will be available on the Company's investor relations website and via th
On delivers strong full year 2024 results, exceeding its latest outlook across all metrics. Net sales landed at CHF 2,318.3 million, reflecting a full year growth rate of 29.4% on a reported basis and 33.2% on a constant currency basis. On achieves a gross profit margin of 60.6%, net income of CHF 242.3 million, and an adjusted EBITDA margin of 16.7%, and further concludes the year with a strong cash balance nearing CHF 1 billion. These results underscore On's ability to drive continued strong growth alongside increasing profitability and significant cash flow generation. In the fourth quarter, On's net sales increased to CHF 606.6 million, growing by 35.7% year-over-year on a reported b
Swiss performance sportswear brand On (NYSE:ONON) announced today that the Company will release its fourth quarter and full year 2024 financial results on Tuesday, Mar. 4, 2025 before U.S. financial markets open. The Company's management will host an earnings conference call and webcast at 8 a.m. U.S. Eastern Time on Mar. 4, 2025 (2 p.m. Central European Time). To access the live conference call by telephone, please dial the following numbers: United States: +1 646 307 19 63 United Kingdom: +44 203 481 42 47 Switzerland: +41 43 210 51 63 Conference ID: 1279252 Additionally, a live webcast of the conference call will be available on the Company's investor relations website and via th
On reports an all-time record quarter for both net sales and profitability. Net sales increased by 32.3%, and by 33.2% on a constant currency basis, reaching CHF 635.8 million in Q3 2024. The strong growth is fueled by significant acceleration in On's direct-to-consumer ("DTC") channel, which grew 49.8% year-over-year, and by 50.7% on a constant currency basis. The significant growth in On's DTC channel results in a 38.8% DTC share for the third quarter, an increase of 450 basis points compared to the prior year period. This strong growth reflects continued exceptional momentum for the On brand, driven by significant increases in global brand awareness and supported by On's recent opera
6-K - On Holding AG (0001858985) (Filer)
6-K - On Holding AG (0001858985) (Filer)
6-K - On Holding AG (0001858985) (Filer)