On Holding AG develops and distributes sports products worldwide. It offers its products through independent retailers and distributors, online, and stores. The company was founded in 2010 and is headquartered in Zurich, Switzerland.
IPO Year: 2021
Exchange: NYSE
Website: on-running.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/21/2024 | $58.00 → $63.00 | Outperform → Strong Buy | Raymond James |
| 11/13/2024 | $64.00 | Neutral → Buy | BTIG Research |
| 11/13/2024 | $53.00 → $62.00 | Outperform | Telsey Advisory Group |
| 11/6/2024 | $47.00 → $53.00 | Outperform | Telsey Advisory Group |
| 9/23/2024 | $21.00 → $55.00 | Underperform → Neutral | BofA Securities |
| 9/5/2024 | $52.00 | Hold | HSBC Securities |
| 8/23/2024 | $52.00 | Overweight | Piper Sandler |
| 7/31/2024 | $46.00 | Outperform | Raymond James |
| 6/11/2024 | $50.00 | Outperform | Bernstein |
| 6/7/2024 | $40.00 → $47.00 | Outperform | Telsey Advisory Group |
Raymond James upgraded On from Outperform to Strong Buy and set a new price target of $63.00 from $58.00 previously
BTIG Research upgraded On from Neutral to Buy and set a new price target of $64.00
Telsey Advisory Group reiterated coverage of On with a rating of Outperform and set a new price target of $62.00 from $53.00 previously
Telsey Advisory Group reiterated coverage of On with a rating of Outperform and set a new price target of $53.00 from $47.00 previously
BofA Securities upgraded On from Underperform to Neutral and set a new price target of $55.00 from $21.00 previously
HSBC Securities initiated coverage of On with a rating of Hold and set a new price target of $52.00
Piper Sandler resumed coverage of On with a rating of Overweight and set a new price target of $52.00
Raymond James initiated coverage of On with a rating of Outperform and set a new price target of $46.00
Bernstein initiated coverage of On with a rating of Outperform and set a new price target of $50.00
Telsey Advisory Group reiterated coverage of On with a rating of Outperform and set a new price target of $47.00 from $40.00 previously
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
SCHEDULE 13G - On Holding AG (0001858985) (Subject)
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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
Swiss performance sportswear brand On (NYSE:ONON) announced today that the Company will release its third quarter 2024 financial results on Tuesday, November 12, 2024 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 November 12, 2024 (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: 4064831 Additionally, a live webcast of the conference call will be available on the Company's investor relations website
On achieves another record top-line quarter, resulting in over CHF 2 billion net sales for the last twelve month period. On's total net sales in Q2 2024 reached CHF 567.7 million, a growth of 27.8% year-over-year and of 29.4% on a constant currency basis. These results reflect the strength of On's multi-channel strategy across regions and products, with stand-out performances in Asia-Pacific and in apparel, growing by 73.7% and 63.0%, respectively. As a result of On's continued high share of full-price sales as well as lower freight rates, its second quarter 2024 gross profit margin reaches 59.9%, up from 59.5% in the prior year period. On's increased profitability is further reflected
Swiss performance sportswear brand On (NYSE:ONON) announced today that the Company will release its second quarter 2024 financial results on Tuesday, August 13, 2024 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 August 13, 2024 (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: 3575796 Additionally, a live webcast of the conference call will be available on the Company's investor relations website and via the follow
Swiss performance sportswear brand On (NYSE:ONON) announced today the election of Laura Miele as an additional independent member of the Board of Directors. Ms. Miele will also serve as a member of the Audit Committee. Caspar Coppetti, Co-Founder and Executive Co-Chairman of On, said: "We are thrilled to welcome Laura to the On Board of Directors, and could not be happier for such a qualified and dedicated individual to be joining our Board. This marks a significant step in On's journey to enhance the Board's collective expertise, ensuring we are well-prepared to navigate future opportunities and challenges. We are confident that Laura will bring a valuable perspective and comprehensive e
On kicks off the financial year 2024 with record net sales, surpassing CHF 500 million in a single quarter for the first time in its history. On's total net sales reached CHF 508.2 million, a growth of 20.9% year-over-year and by 29.2% on a constant currency basis. This achievement is led by exceptionally strong demand and momentum in On's direct-to-consumer ("DTC") channel, with DTC net sales growing in the first quarter by 39.0% year-over-year and by 48.7% on a constant currency basis. The significant increase in DTC net sales, which now make up 37.5% of On's total net sales, and efficient inventory management, support On's further expansion of its premium gross profit margin to 59.7%
Swiss performance sportswear brand On (NYSE:ONON) announced today that the Company will release its first quarter 2024 financial results on Tuesday, May 14, 2024 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 May 14, 2024 (2 p.m. Central European Time). To access the live conference call by telephone, please dial the following numbers: United States: United Kingdom: Switzerland: +1 646 307 19 63 +44 203 481 42 47 +41 43 210 51 63 No access code necessary. Additionally, a live webcast of the conference call will be available on the Company's investor relations website a
On achieves strong full year results in 2023, significantly exceeding the expectations set at the beginning of the year, reaching net sales of CHF 1,792.1 million. This reflects a reported growth rate of 46.6% year-over-year and over 55% on a constant currency basis. On further reports a gross profit margin of 59.6%, net income of CHF 79.6 million and an adjusted EBITDA margin of 15.5%, showcasing On's ongoing commitment to combine strong growth with continuously increasing profitability. On reports fourth quarter net sales of CHF 447.1 million, growing by 21.9% year-over-year on a reported basis and over 31% on a constant currency basis. The strength and increasing awareness of the On
Swiss performance sportswear brand On (NYSE:ONON) announced today that the Company will release its fourth quarter and full year 2023 financial results on Tuesday, Mar. 12, 2024 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. 12, 2024 (1 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 No access code necessary. Additionally, a live webcast of the conference call will be available on the Company's investor relations website and
Swiss performance sportswear brand On (NYSE:ONON) announced today that the Company will participate in the 2024 ICR Conference. The Company's management will participate in a fireside chat on Monday, January 8, 2024 at 11:30 am US Eastern Time (05:30 pm Central European Time on January 8, 2024). A live webcast of the fireside chat will be available on the Company's investor relations website and under the following Link. Following the conclusion of the fireside chat, a replay will be available on the Company's website. About On On was born in the Swiss Alps with one goal: to revolutionize the sensation of running by empowering all to run on clouds. Fourteen years after market launch
Keybanc analyst Ashley Owens maintains On Holding (NYSE:ONON) with a Overweight and raises the price target from $40 to $47.
Morgan Stanley analyst Alex Straton maintains On Holding (NYSE:ONON) with a Overweight and raises the price target from $40 to $44.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Goldman Sachs raised the price target for On Holding AG (NYSE:ONON) from $41 to $47. Goldman Sachs analyst Richard Edwards maintained a Buy rating. On Holding shares fell 2.1% to close at $37.22 on Tuesday. See how other analysts view this stock. Deutsche Bank cut the price target for NIKE, Inc. (NYSE:NKE) from $115 to $92. Deutsche Bank analyst Krisztina Katai maintained a Buy rating. NIKE shares fell 1% to close at $76.04 on Tuesday. See how other analysts view this stock. Wedbush raised Tesla
Goldman Sachs analyst Richard Edwards maintains On Holding (NYSE:ONON) with a Buy and raises the price target from $41 to $47.
Apparel and footwear company Nike Inc (NYSE:NKE) is set to report fourth-quarter financial results after market close Thursday. Here are the earnings estimates, what analysts are saying and key items to watch. Earnings Estimates: Analysts expect Nike to report fourth-quarter revenue of $12.91 billion according to data from Benzinga Pro. The company reported revenue of $12.83 billion in last year's fourth quarter, making the estimate a slight increase on a year-over-year basis. Nike has beaten analysts' revenue estimates in eight of the last 10 quarters. Analysts expect Nike to report fourth-quarter earnings per share of 85 cents, compared to 66 cents per share in last year's f
Morgan Stanley analyst Alex Straton maintains On Holding (NYSE:ONON) with a Overweight and maintains $40 price target.
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
Swiss performance sportswear brand On (NYSE:ONON) announced today that the Company will release its third quarter 2024 financial results on Tuesday, November 12, 2024 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 November 12, 2024 (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: 4064831 Additionally, a live webcast of the conference call will be available on the Company's investor relations website
On achieves another record top-line quarter, resulting in over CHF 2 billion net sales for the last twelve month period. On's total net sales in Q2 2024 reached CHF 567.7 million, a growth of 27.8% year-over-year and of 29.4% on a constant currency basis. These results reflect the strength of On's multi-channel strategy across regions and products, with stand-out performances in Asia-Pacific and in apparel, growing by 73.7% and 63.0%, respectively. As a result of On's continued high share of full-price sales as well as lower freight rates, its second quarter 2024 gross profit margin reaches 59.9%, up from 59.5% in the prior year period. On's increased profitability is further reflected
Swiss performance sportswear brand On (NYSE:ONON) announced today that the Company will release its second quarter 2024 financial results on Tuesday, August 13, 2024 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 August 13, 2024 (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: 3575796 Additionally, a live webcast of the conference call will be available on the Company's investor relations website and via the follow
On kicks off the financial year 2024 with record net sales, surpassing CHF 500 million in a single quarter for the first time in its history. On's total net sales reached CHF 508.2 million, a growth of 20.9% year-over-year and by 29.2% on a constant currency basis. This achievement is led by exceptionally strong demand and momentum in On's direct-to-consumer ("DTC") channel, with DTC net sales growing in the first quarter by 39.0% year-over-year and by 48.7% on a constant currency basis. The significant increase in DTC net sales, which now make up 37.5% of On's total net sales, and efficient inventory management, support On's further expansion of its premium gross profit margin to 59.7%
Swiss performance sportswear brand On (NYSE:ONON) announced today that the Company will release its first quarter 2024 financial results on Tuesday, May 14, 2024 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 May 14, 2024 (2 p.m. Central European Time). To access the live conference call by telephone, please dial the following numbers: United States: United Kingdom: Switzerland: +1 646 307 19 63 +44 203 481 42 47 +41 43 210 51 63 No access code necessary. Additionally, a live webcast of the conference call will be available on the Company's investor relations website a
On achieves strong full year results in 2023, significantly exceeding the expectations set at the beginning of the year, reaching net sales of CHF 1,792.1 million. This reflects a reported growth rate of 46.6% year-over-year and over 55% on a constant currency basis. On further reports a gross profit margin of 59.6%, net income of CHF 79.6 million and an adjusted EBITDA margin of 15.5%, showcasing On's ongoing commitment to combine strong growth with continuously increasing profitability. On reports fourth quarter net sales of CHF 447.1 million, growing by 21.9% year-over-year on a reported basis and over 31% on a constant currency basis. The strength and increasing awareness of the On
Swiss performance sportswear brand On (NYSE:ONON) announced today that the Company will release its fourth quarter and full year 2023 financial results on Tuesday, Mar. 12, 2024 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. 12, 2024 (1 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 No access code necessary. Additionally, a live webcast of the conference call will be available on the Company's investor relations website and
On reports strong results for the first nine months of 2023, reaching CHF 1,345.0 million in net sales YTD. Q3 2023 net sales increased by 46.5%, or by approximately 58% on a constant currency basis when compared to the same period in 2022. Growth in the three-month period was driven by On's direct-to-consumer ("DTC") channel, recording a growth of 54.6% when compared to the same period in 2022, reflecting the strength of the On brand and ongoing ambition for DTC to outgrow wholesale. Q3 2023 presents On's strongest quarter in history across numerous measures. Net sales of CHF 480.5 million, net income of CHF 58.7 million, adjusted EBITDA of CHF 81.3 million, as well as a significant po
Swiss performance sportswear brand On (NYSE:ONON) announced today that the Company will release its third quarter 2023 financial results on Tuesday, Nov. 14, 2023 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 Nov. 14, 2023 (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 No access code necessary. Additionally, a live webcast of the conference call will be available on the Company's investor relations website and via the followin