Time to Buy the Dip in This High-Growth Shoe Stock? [Yahoo! Finance]
On Holding AG (ONON)
Company Research
Source: Yahoo! Finance
The last 12 months have been bumpy for the running shoe company due to currency exchange rate headwinds, an effect that the market seems to forget about every three months when the Swiss company provides an earnings update. Leaving out these economic forces beyond its control, though, On actually had a stellar 2023 as shares rallied from bear market lows. On is expecting its growth sprint to continue into 2024. Is it time to buy the dip? What the franc? First, in full disclosure, after following this shoe company since its IPO (and my wife, a runner, since before the IPO), I finally bought my first batch of On stock late in 2023 . But as explained in past analyses, this has been (and will continue to be) a stock at the mercy of the Swiss franc -- at least to some extent. The reason is simple: On is based in Switzerland. And since most of its running shoe sales are made outside of that small country, On's reportable revenue will fluctuate depending on the strength of Switzerlan
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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