ON Holding AG Rises 1.10% on $210M Turnover Ranking 451st Amid Institutional Splits and Analyst Divergence

On Holding AG (NYSE:ONON) rose 1.10% on August 29, 2025, with a trading volume of $210 million, ranking 451st in market activity. The stock closed at $45.22, reflecting institutional activity as several firms adjusted their stakes in the athleisure brand. Institutional investors including CWM LLC and TCTC Holdings LLC significantly increased holdings, with TCTC Holdings LLC boosting its position by 118.4% in the first quarter to own 581 shares valued at $26,000. Meanwhile, Raymond James Financial Inc. reduced its stake by 5.0%, holding 0.08% of ON shares worth $21.76 million following the sale of 26,154 shares.

Analysts have issued mixed but generally positive ratings for ONON. Jefferies Financial Group assigned an "underperform" rating with a $40 price target, while Evercore ISI raised its target to $70 with an "outperform" rating. Stifel Nicolaus and Needham & Company LLC both reaffirmed "buy" ratings, with price targets of $66 and $62, respectively. The stock currently carries a consensus "Moderate Buy" rating and an average target price of $64.20. Institutional ownership stands at 36.39%, with recent inflows from multiple investment firms.

Backtesting results indicate that the stock's recent performance aligns with analyst projections. Historical data shows the stock has traded between $34.59 and $64.05 over the past year, with a current price-to-earnings ratio of 100.49 and a beta of 2.24. The 50-day and 200-day moving averages are $50.12 and $49.88, respectively, suggesting a potential consolidation phase ahead of a breakout. Investors remain cautiously optimistic as institutional activity and analyst sentiment continue to shape market dynamics.