Nike Is Losing Fans on Wall Street as Weak Sales Pressure Stock [Yahoo! Finance]
On Holding AG (ONON)
Company Research
Source: Yahoo! Finance
losses for the first time since the 1980s and continue to trail both peers and the broader market. Most Read from Bloomberg Baltimore Wants to Sell Hundreds of Vacant Homes for $1 Each Justice Department to Sue Apple for Antitrust Violations as Soon as Thursday NY Poised to Seize Trump Westchester Assets If Fraud Fine Is Unpaid Sam Bankman-Fried Says 50-Year Sentence Only Suitable for a ‘Super Villain' Switzerland Surprises With Rate Cut, Moving Ahead of ECB and Fed The world's largest sportswear company has lost more than 40% of its value since a 2021 peak, representing about $130 billion of shareholder wealth. It's struggling with the same headwinds as other consumer-linked stocks, as shoppers curb their spending in the face of elevated borrowing costs. But ahead of Nike's earnings report Thursday after the market closes, analysts also say Nike needs to roll out new shoes and apparel offerings to revive demand as it competes with the likes of On Holding AG, Adidas AG
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ONON
News
- Analyst Expects Net Loss of 45K Stores Over the Next Few Years [Yahoo! Finance]Yahoo! Finance
- On Holding AG (NYSE: ONON) had its "outperform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $37.00 price target on the stock.MarketBeat
- On Holding AG (NYSE: ONON) had its "overweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $32.00 price target on the stock.MarketBeat
- On Holding AG (NYSE: ONON) is now covered by analysts at William Blair. They set an "outperform" rating on the stock.MarketBeat
- Nike Starts Speeding Out Sneakers That Will Shape Its Future [Yahoo! Finance]Yahoo! Finance
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