Dilok Klaisataporn Introduction On Holding (NYSE:ONON), often referred to as On Clouds due to its product line-up, is an appealing brand offering premium footwear and sports apparel products that have been gaining in popularity in the past few years. The absolute size of the company compared to its industry peers including Nike (NKE) and Lululemon (LULU) is far smaller, yet I believe a potential investment in On Holdings is attractive. On Holdings is not only an extremely fast-growing company with a str ...

On Holding AG (NYSE: ONON) has lost nearly 10% over the past three weeks but a UBS analyst is convinced it’s positioned for a massive rally in 2024.On Holding stock is headed for $51Copy link to sectionJay Sole named the shoe company a top pick for this year on Tuesday and said its shares could climb to $51 which suggests a whopping 80% upside from here. The analyst expects On Holding to grow its per-share earnings at an annualised compound rate of 43% over the next five years. His research note also reads: ...

On Holding (ONON -0.96%) has taken investors on a wild ride since its IPO. The Swiss footwear and sportswear maker went public at $24 in September 2021, and its shares soared to an all-time high of $51.45 just two months later.But over the following two years, On's stock lost nearly 50% of its value as rising rates and other macro headwinds crushed the market's pricier growth stocks.Let's see why that sell-off might represent a buying opportunity for patient investors. How did On carve out its high-growth n ...

Orbon Alija Following our initiation of coverage of On Holding AG (NYSE: NYSE:ONON), today we are back to comment on the company results based on the Nike Q2 2024 readout and the latest news on the Sporting Goods sector. In this update, there are at least three takes on the read across from Nike's September-November results that we should take into consideration. Nike Positive Implications Firstly, Nike inventories were down by 14% on a year-on-year basis. This implied that inventory days are now align ...

Orbon Alija I started to notice more and more people at my gym and around Boston wearing On Holding AG (ONON) sneakers at the beginning of 2022. Sneakers that only hard-core runners wore were now all over the place, including people of all ages. I bought my first pair of On sneakers sometime in the Spring of 2022; now I have nine pairs, with my Cloudmonster's being my favorite sneaker in my collection (~80 pairs). FWIW, those are NoBull sneakers below my On and Hoka sneakers above them — these are two o ...

When investors think of athletic apparel brand names, Nike is often the first that comes to mind. And rightfully so. After all, it's the single biggest name in the business, having dominated the market since the 1980s.For investors, though, everything is relative. While being big certainly has its advantages, sometimes it's the smaller, newer names in an industry offering up the better growth opportunities.That's the crux of the bull case for high-end sports apparel name On Holding (ONON -3.71%) right now. ...

Shares of fast-moving running shoe upstart On Holding (ONON -6.16%) had a solid 2023, rallying some 80% with just a couple of weeks to go in the year and steadily clawing their way back to their price at the initial public offering (IPO) in late 2021.The Swiss company put up impressive numbers in spite of pressure mounting on the global consumer, and investors have been pleased with management's goals through 2026. Nevertheless, this remains a richly valued shoe stock, one that assumes On Holding sails past ...

Finally, while we slightly scaled back on marketing in Q4 last year, we are running a bigger brand campaign in Q4 this year, centered around our new apparel collection. This includes many highly visible brand moments in key cities around the globe. One of the highlights is our activation at Tottenham Court Road Underground Station in London with daily traffic of over 200,000 people. For the first time since our IPO, we reached a gross profit margin close to our midterm target of 60% plus. Gross profit reach ...

Operator Martin Hoffman Okay, that's very helpful. Thank you. And then one follow-up, longer-term question. When I look back two years ago, roughly to the IPO, you achieved many of your financial targets set at the time more than a year earlier, or even better in some cases. So, as we think forward, just wondering how you are thinking today about the right pace for growth for the brand. And would you expect top line to eventually settle closer to something like 20% or 25% growth as you slow the door growth ...

On Holding AG (NYSE:ONON) Q1 2023 Earnings Conference Call May 16, 2023 8:00 AM ET Jerrit Peter - Investor Relations Caspar Coppetti - Executive Co-Chairman and Co-Founder Martin Hoffman - Chief Financial Officer and Co-Chief Executive Officer Marc Maurer - Co- Chief Executive Officer Conference Call Participants Abbie Zvejnieks - Piper Sandler Aubrey Tianello - BNP Paribas Jay Sole - UBS Cristina Fernandez - Telsey Advisory Group James Duffy - Stifel Alexandra Straton - Morgan Stanley Tom Nikic - Wedbush S ...