Guggenheim has initiated coverage on On Holding AG (ONON) with a Buy rating, marking the firm's first assessment of the company's investment potential. This move underscores the firm’s confidence in On Holding's growth prospects within the textiles, apparel, and luxury goods industry.
On Holding AG, headquartered in Zurich, engages in the development and distribution of high-performance sports products, including footwear, apparel, and accessories. With a current market cap of $11.4 billion, the company has a P/E ratio of 67.96 and an EPS of 0.41. The firm went public on September 15, 2021, and currently employs 3,254 full-time staff.
Upcoming earnings reports are on the horizon, with estimates of $0.34 EPS and $928.1 million revenue for August 10, 2026, and $0.28 EPS with $875.4 million revenue expected for May 11, 2026. Recent performance has been notable, particularly in Q3 2025, where the company reported an EPS of $0.47, significantly exceeding estimates.
As of December 1, 2025, the analyst consensus on On Holding is a Buy, with 11 Strong Buy, 19 Buy, 4 Hold, and 1 Strong Sell ratings among 35 total analysts. Analyst ratings can evolve over time, reflecting new data and insights, and should be considered alongside other factors when making investment decisions.
This update provides insight into the firm’s commitment to assessing On Holding's potential, setting the stage for future market developments.