Prominent institutional investor, SkyOak Wealth LLC, made a strategic move during the first quarter by acquiring a significant number of shares in On Holding AG. According to their recent filing with the Securities and Exchange Commission (SEC), they purchased 9,018 shares valued at approximately $280,000, showcasing their strong belief in the growth and profitability potential of On Holding AG.
On Holding AG, traded under the ticker symbol ONON on the New York Stock Exchange, surprised analysts with its impressive quarterly earnings results released on May 16th. The company’s earnings per share (EPS) of $0.15 surpassed consensus estimates by $0.07, highlighting its robust financial health and resilience in the current market landscape.
Additionally, On Holding AG boasts a net margin of 6.13% and a return on equity of 8.78%, indicating its ability to generate sustainable profits and enhance shareholder value. The company’s revenue figures of $420.20 million for the quarter also exceeded analyst estimates, representing a remarkable 78.3% increase compared to the same period last year. Analysts remain optimistic about On Holding AG’s future prospects, predicting an EPS of 0.47 for the current fiscal year, further bolstering investors’ confidence in their decision to invest in this fast-growing company.
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As of July 2023, these recent developments underscore On Holding AG’s upward trajectory in the market. With the support of renowned institutional investors like SkyOak Wealth LLC, the company is well-positioned for future success. Investors and analysts eagerly await further updates on On Holding AG’s investment strategy and its impact on shareholder value.
In conclusion, On Holding AG’s ability to attract substantial investments from institutional investors like SkyOak Wealth LLC reflects their commitment to growth and expansion. As we closely monitor their progress in the coming months, it is expected that On Holding AG will continue to thrive and establish a strong presence in the market.
