Future growth in footwear industry fueled by category expansion, brand differentiation - analyst [Seeking Alpha]
On Holding AG (ONON)
Company Research
Source: Seeking Alpha
Corp ( NYSE: DECK ), Skechers U.S.A. ( NYSE: SKX ), and On Holding AG ( NYSE: ONON ) with an Overweight rating as “clean inventories” at both the brand level and at distribution channels will result in further upside for the group. While the footwear industry has similar risks as apparel, Barclays believes the category allows multiple participants to gain and retain market share given the product differentiation and “varied brand positioning" even in a highly fragmented industry with a relative high concentration at the top. Of the four, Barclays believes Crocs ( CROX ) trades at a significant discount to its peer group and maintains a unique and differentiated product offering that “capitalizes on personalization trends” with its clogs and Jibbitz accessories. The firm gives Crocs ( CROX ) a $167 price target, a 16% premium over Friday's closing price. Deckers ( DECK ) is “one of the best operationally run footwear companies within our coverage,” Barclays says, and has consiste
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ONON
News
- On Holding AG (NYSE: ONON) had its price target raised by analysts at Morgan Stanley from $32.00 to $35.00. They now have an "overweight" rating on the stock.MarketBeat
- 1 Wall Street Analyst Thinks On Holding Stock Is Going to $38. Is It a Buy? [Yahoo! Finance]Yahoo! Finance
- On Holding AG (NYSE: ONON) had its price target raised by analysts at TD Cowen from $36.00 to $38.00. They now have a "buy" rating on the stock.MarketBeat
- On to Release First Quarter 2024 Results on Tuesday, May 14, 2024 [Yahoo! Finance]Yahoo! Finance
- On to Release First Quarter 2024 Results on Tuesday, May 14, 2024Business Wire
ONON
Earnings
- 3/12/24 - Miss
ONON
Sec Filings
- 4/2/24 - Form 144
- 4/2/24 - Form 144
- 3/28/24 - Form 6-K
- ONON's page on the SEC website