On Holding AG (ONON)

CH — Consumer Cyclical Sector
Peers: DECK  SN  HTHT  CHWY  SCI  CCK  GAP  BALL  GME  WYNN 

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Key Metrics & Ratings

  • symbol ONON
  • Rev/Share 8.6145
  • Book/Share 4.6154
  • PB 8.3637
  • Debt/Equity 0.3269
  • CurrentRatio 2.5537
  • ROIC 0.1653

 

  • MktCap 12655131094.0892
  • FreeCF/Share 1.0343
  • PFCF 36.6391
  • PE 57.472
  • Debt/Assets 0.1831
  • DivYield 0
  • ROE 0.155

 

  • Rating B-
  • Score 3
  • Recommendation Neutral
  • P/E Score 1
  • DCF Score 1
  • P/B Score 1
  • D/E Score 3

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation ONON Guggenheim -- Buy -- $59 Dec. 10, 2025
Downgrade ONON Jefferies Hold Underperform -- $40 Aug. 13, 2025
Downgrade ONON Raymond James Strong Buy Outperform -- $66 July 22, 2025
Reiterated ONON Telsey Advisory Group -- Outperform $67 $65 May 7, 2025
Upgrade ONON Citigroup Neutral Buy -- $60 April 28, 2025
Initiation ONON Jefferies -- Hold -- $44 April 1, 2025
Upgrade ONON HSBC Securities Hold Buy -- $58 March 11, 2025
Downgrade ONON Goldman Buy Neutral -- $57 Feb. 12, 2025
Resumed ONON BofA Securities -- Buy -- $73 Jan. 7, 2025
Initiation ONON Citigroup -- Neutral -- $65 Dec. 18, 2024

News

ONON APAC Nears 20% of Sales, Signals a New Growth Phase
ONON
Published: December 19, 2025 by: Zacks Investment Research
Sentiment: Positive

ONON's APAC sales surged 94% as the region nears 20% of total revenue, marking a key shift in the brand's global growth engine.

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image for news ONON APAC Nears 20% of Sales, Signals a New Growth Phase
NIKE & On Holding Go Head-to-Head: Which Stock Has the Edge?
NKE, ONON
Published: December 17, 2025 by: Zacks Investment Research
Sentiment: Neutral

NKE's scale-driven reset and sport-led strategy contrast with ONON's premium focus as both navigate growth, margins and shifting demand.

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image for news NIKE & On Holding Go Head-to-Head: Which Stock Has the Edge?
Here is What to Know Beyond Why On Holding AG (ONON) is a Trending Stock
ONON
Published: December 17, 2025 by: Zacks Investment Research
Sentiment: Positive

On Holding (ONON) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Read More
image for news Here is What to Know Beyond Why On Holding AG (ONON) is a Trending Stock
Is Rapid Apparel Growth the Next Catalyst for On Holding?
ONON
Published: December 15, 2025 by: Zacks Investment Research
Sentiment: Positive

ONON's apparel sales surge 87% in Q3, signaling strong global demand and momentum beyond core footwear.

Read More
image for news Is Rapid Apparel Growth the Next Catalyst for On Holding?
Brokers Suggest Investing in On Holding (ONON): Read This Before Placing a Bet
ONON
Published: December 15, 2025 by: Zacks Investment Research
Sentiment: Neutral

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Read More
image for news Brokers Suggest Investing in On Holding (ONON): Read This Before Placing a Bet
VSCO or ONON: Which Is the Better Value Stock Right Now?
ONON, VSCO
Published: December 12, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors interested in Retail - Apparel and Shoes stocks are likely familiar with Victoria's Secret (VSCO) and On Holding (ONON). But which of these two stocks is more attractive to value investors?

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image for news VSCO or ONON: Which Is the Better Value Stock Right Now?
Buy 5 Non-Tech Stocks on the Dip to Strengthen Your Portfolio in 2026
JEF, LEN, OMC, ONON, TRI
Published: December 12, 2025 by: Zacks Investment Research
Sentiment: Positive

ONON, LEN, JEF, OMC and TRI are five large-cap non-tech stocks trading below 52-week highs and poised for potential portfolio strength.

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image for news Buy 5 Non-Tech Stocks on the Dip to Strengthen Your Portfolio in 2026
Is On Holding a Buy, Hold or Sell After a 35% Jump in the Past Month?
ONON
Published: December 09, 2025 by: Zacks Investment Research
Sentiment: Positive

ONON surges 35% in a month, fueled by DTC growth, booming apparel sales and triple-digit APAC expansion.

Read More
image for news Is On Holding a Buy, Hold or Sell After a 35% Jump in the Past Month?
ONON's 34% Sales Growth Outlook Points to a Stronger Path in 2026
ONON
Published: December 08, 2025 by: Zacks Investment Research
Sentiment: Positive

ONON lifts 2025 sales outlook to 34% growth, fueled by global demand and innovation, paving the way for 2026 gains.

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image for news ONON's 34% Sales Growth Outlook Points to a Stronger Path in 2026
Wall Street Analysts Think On Holding (ONON) Could Surge 26.11%: Read This Before Placing a Bet
ONON
Published: December 08, 2025 by: Zacks Investment Research
Sentiment: Positive

The mean of analysts' price targets for On Holding (ONON) points to a 26.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

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image for news Wall Street Analysts Think On Holding (ONON) Could Surge 26.11%: Read This Before Placing a Bet
Buy 5 Growth Stocks for December to Strengthen Your Portfolio
FIX, KGC, MDB, MU, ONON
Published: December 05, 2025 by: Zacks Investment Research
Sentiment: Positive

MU, FIX, KGC, ONON and MDB are five growth picks showing strong revenue and earnings growth heading into December.

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image for news Buy 5 Growth Stocks for December to Strengthen Your Portfolio
On Holding AG (ONON) is Attracting Investor Attention: Here is What You Should Know
ONON
Published: December 03, 2025 by: Zacks Investment Research
Sentiment: Positive

On Holding (ONON) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Read More
image for news On Holding AG (ONON) is Attracting Investor Attention: Here is What You Should Know
ONON's Rapid DTC Expansion Tests Whether It Can Outgrow Wholesale
ONON
Published: December 02, 2025 by: Zacks Investment Research
Sentiment: Positive

ONON's DTC sales rise 27.6% as it pushes to shift away from wholesale, testing if faster growth can drive higher margins.

Read More
image for news ONON's Rapid DTC Expansion Tests Whether It Can Outgrow Wholesale
Wall Street Bulls Look Optimistic About On Holding (ONON): Should You Buy?
ONON
Published: November 28, 2025 by: Zacks Investment Research
Sentiment: Positive

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Read More
image for news Wall Street Bulls Look Optimistic About On Holding (ONON): Should You Buy?
Can On Holding (ONON) Run Higher on Rising Earnings Estimates?
ONON
Published: November 27, 2025 by: Zacks Investment Research
Sentiment: Positive

On Holding (ONON) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Read More
image for news Can On Holding (ONON) Run Higher on Rising Earnings Estimates?
On Holding: Strong Momentum, Rising Visibility, And Attractive Risk-Reward
ONON
Published: November 27, 2025 by: Seeking Alpha
Sentiment: Positive

On Holding's Q3 strength reinforces the growth story. On delivered a clear beat across sales, gross margin, and EBITDA. Updated guidance, structural margin improvements, and strong DTC traction support higher confidence in the path to the 2028 outlook. Despite a share de-rating, ONON continues to execute at a premium level; we maintain our constructive stance as the market underestimates the brand's multi-category and multi-sport potential.

Read More
image for news On Holding: Strong Momentum, Rising Visibility, And Attractive Risk-Reward
Buy 5 Apparel & Shoes Stocks to Kick Off Your Black Friday Shopping
BOOT, CROX, KTB, ONON, RL
Published: November 26, 2025 by: Zacks Investment Research
Sentiment: Positive

CROX, ONON, RL, KTB and BOOT are five apparel and footwear names highlighted for double-digit upside despite a muted holiday backdrop.

Read More
image for news Buy 5 Apparel & Shoes Stocks to Kick Off Your Black Friday Shopping
All You Need to Know About On Holding (ONON) Rating Upgrade to Strong Buy
ONON
Published: November 20, 2025 by: Zacks Investment Research
Sentiment: Positive

On Holding (ONON) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Read More
image for news All You Need to Know About On Holding (ONON) Rating Upgrade to Strong Buy
Wall Street Analysts Believe On Holding (ONON) Could Rally 40.14%: Here's is How to Trade
ONON
Published: November 20, 2025 by: Zacks Investment Research
Sentiment: Positive

The consensus price target hints at a 40.1% upside potential for On Holding (ONON). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Read More
image for news Wall Street Analysts Believe On Holding (ONON) Could Rally 40.14%: Here's is How to Trade
On Holding AG (ONON) is Attracting Investor Attention: Here is What You Should Know
ONON
Published: November 19, 2025 by: Zacks Investment Research
Sentiment: Positive

On Holding (ONON) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Read More
image for news On Holding AG (ONON) is Attracting Investor Attention: Here is What You Should Know
On Holding AG (ONON) Q3 2025 Earnings Call Transcript
ONON
Published: November 12, 2025 by: Seeking Alpha
Sentiment: Neutral

On Holding AG ( ONON ) Q3 2025 Earnings Call November 12, 2025 8:00 AM EST Company Participants Caspar Coppetti - Co-Founder & Executive Co-Chairman Martin Hoffmann - CEO & CFO Conference Call Participants Paul Lejuez - Citigroup Inc., Research Division Jay Sole - UBS Investment Bank, Research Division Alexandra Straton - Morgan Stanley, Research Division Krista Kerr Zuber Samuel Poser - Williams Trading, LLC, Research Division M. Liu - JPMorgan Chase & Co, Research Division Aubrey Tianello - BNP Paribas, Research Division Rakesh Patel - Raymond James & Associates, Inc., Research Division Presentation Operator Good afternoon, and good morning …

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image for news On Holding AG (ONON) Q3 2025 Earnings Call Transcript
This Sneaker Company Says You Shouldn't Expect 'Black Friday' Discounts
ONON
Published: November 12, 2025 by: Investopedia
Sentiment: Neutral

Consumers continue to snap up On Holding's premium sneakers. But they shouldn't expect them to get cheaper this holiday season.

Read More
image for news This Sneaker Company Says You Shouldn't Expect 'Black Friday' Discounts
On CEO Martin Hoffmann: We'll remain focused on full-priced sales throughout the holidays
ONON
Published: November 12, 2025 by: CNBC Television
Sentiment: Positive

Martin Hoffmann, On CEO and CFO, joins CNBC's 'Money Movers' to discuss the company's latest quarter, how the brand has grown its market share amid a competitive landscape, and much more.

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image for news On CEO Martin Hoffmann: We'll remain focused on full-priced sales throughout the holidays
Top Stock Movers Now: AMD, On Holding, Circle Internet Group, and More
AMD, CRCL, ONON
Published: November 12, 2025 by: Investopedia
Sentiment: Positive

Major U.S. equities indexes were mixed at midday Wednesday ahead of a vote to fund the federal government and end the 43-day shutdown. The Dow Jones Industrial Average rose to a record high but they Nasdaq and S&P 500 were lower.

Read More
image for news Top Stock Movers Now: AMD, On Holding, Circle Internet Group, and More
Crude Oil Dips 4%; On Holding Shares Jump After Q3 Earnings
ONON
Published: November 12, 2025 by: Benzinga
Sentiment: Neutral

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite falling more than 150 points on Wednesday.

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image for news Crude Oil Dips 4%; On Holding Shares Jump After Q3 Earnings
House to Vote on Government Re-Opening
MH, ONON, TME
Published: November 12, 2025 by: Zacks Investment Research
Sentiment: Neutral

House to Vote on Government Re-Opening.

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image for news House to Vote on Government Re-Opening
On Holding stock climbs on Q3 beat, guidance raise
ONON
Published: November 12, 2025 by: Proactive Investors
Sentiment: Positive

On Holding AG (NYSE: ONON) shares surged more than 19% in late-morning trading on Wednesday after the global sportswear provider reported better than expected financial results for its third quarter 2025 and lifted its full-year outlook. On Holding posted earnings per share for the quarter of $0.54, surpassing the $0.34 analyst consensus estimate, according to data provided by Bloomberg.

Read More
image for news On Holding stock climbs on Q3 beat, guidance raise
On Holding Stock Soars After Another Stellar Quarter
ONON
Published: November 12, 2025 by: Schaeffers Research
Sentiment: Positive

On Holding AG (NYSE:ONON) stock is surging today, last seen up 24.6% to trade at $43.85, after the innovative footwear company posted better-than-expected third-quarter earnings and revenue and lifted its annual sales forecast for the third time in a row.

Read More
image for news On Holding Stock Soars After Another Stellar Quarter
Wall Street Analysts Think On Holding (ONON) Is a Good Investment: Is It?
ONON
Published: November 12, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Read More
image for news Wall Street Analysts Think On Holding (ONON) Is a Good Investment: Is It?
5 Things to Know Before the Stock Market Opens
AMD, ONON
Published: November 12, 2025 by: Investopedia
Sentiment: Positive

Stock futures are higher this morning after the Dow Jones Industrial Average closed at a record high on Tuesday; the House of Representatives is poised to vote on legislation to end the six-week U.S. government shutdown; Advanced Micro Devices (AMD) shares are rising after the chipmaker projected strong revenue growth over the coming years; the White House is reportedly examining measures that could limit the influence of proxy advisers and index-fund managers in shareholder voting; and shares of On Holding are soaring after the sneaker maker posted strong earnings and raised its guidance. Here's what you need to know today.

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image for news 5 Things to Know Before the Stock Market Opens

About On Holding AG (ONON)

  • IPO Date 2021-09-15
  • Website https://www.on-running.com
  • Industry Apparel - Retail
  • CEO Martin Hoffmann
  • Employees 3254

On Holding AG develops and distributes sports products worldwide. It offers athletic footwear, apparel, and accessories. The company offers its products through independent retailers and distributors, online, and stores. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.