This morning we watched On rise 1.2% to a price of $47.14 per share. The Large-Cap Footwear & Accessories company is now trading -24.88% below its average target price of $62.76. Analysts have set target prices ranging from $45.967808 to $72.791084 per share for On, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 5.8%, and a short ratio of 1.93. The company's insiders own 22.87% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 61.1% of On's shares being owned by this investor type.
Institutions Invested in On
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | FMR, LLC | 10% | 28,875,965 | $1,361,212,972 |
| 2024-12-31 | Alliancebernstein L.P. | 6% | 17,378,277 | $819,211,967 |
| 2024-12-31 | Morgan Stanley | 4% | 11,325,737 | $533,895,235 |
| 2024-12-31 | Durable Capital Partners Lp | 2% | 5,481,302 | $258,388,572 |
| 2024-12-31 | Bank of America Corporation | 2% | 5,342,929 | $251,865,669 |
| 2024-12-31 | UBS Group AG | 2% | 4,782,325 | $225,438,797 |
| 2024-12-31 | Wellington Management Group, LLP | 2% | 4,566,421 | $215,261,083 |
| 2024-12-31 | American Century Companies Inc | 2% | 4,356,160 | $205,349,379 |
| 2024-12-31 | Acadian Asset Management. LLC | 2% | 4,335,402 | $204,370,847 |
| 2024-12-31 | Nuveen Asset Management, LLC | 1% | 3,515,647 | $165,727,597 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on On.
