ON Holding’s Volume Dives 25.61% to Rank 455th as Institutional Buyers Triple Stake in Athleisure Brand Amid Analyst Upgrades

On Holding AG (ONON) closed 2.08% lower on August 25, with a trading volume of $200 million, representing a 25.61% decline from the prior day and ranking 455th in market activity. Institutional ownership of the stock saw a notable shift as 1832 Asset Management increased its stake by 8.3%, holding 2.34 million shares valued at $102.98 million as of the most recent quarter. The firm’s position rose to 0.37% of the company’s market value, reflecting confidence in the athleisure brand’s long-term prospects.

Analyst sentiment remained cautiously optimistic, with a consensus price target of $64.20. UBS Group and Truist Financial recently raised their price targets, while Morgan Stanley and KeyCorp also upgraded their ratings to overweight or buy. Despite these upgrades, the stock’s elevated valuation metrics—such as a P/E ratio of 103.28 and a PEG ratio of 2.69—highlight lingering concerns about its price-to-earnings disconnect. Short interest in ONON has declined by 10.98% month-over-month, signaling improving investor sentiment amid a broader correction in the retail sector.

Recent institutional activity included TCTC Holdings LLC boosting its position by 118.4% and Park Square Financial Group acquiring a new stake. The company’s institutional ownership now stands at 36.39%, with hedge funds and asset managers collectively signaling strategic interest. On’s full-year sales guidance was raised to at least 28% growth, though management acknowledged challenges from global trade policy shifts and currency volatility. The firm’s recent product launches, including the Cloudsurfer 2 and Cloud 6, have bolstered demand, supported by celebrity endorsements like Zendaya.

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