William Blair Investment Management LLC reduces stake in On Holding AG by 6.5% in 2nd quarter

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On ($NYSE:ONON) Holding AG, a leading global performance running shoe company, recently experienced a decrease in its stake held by William Blair Investment Management LLC in the second quarter of this year. This news comes as a surprise to many investors and industry experts, as On Holding AG has been performing well in the market. The company’s innovative designs and superior technology have helped it gain a strong foothold in the competitive athletic footwear industry. Its revenue has been consistently growing, and its stock price has been on an upward trend. With an established reputation in the investment world, William Blair’s move may signal a lack of confidence in On Holding AG’s future performance. Various factors may have influenced William Blair’s decision to decrease its position in On Holding AG.

Despite this decrease in stake, it is essential to note that William Blair still holds a significant position in On Holding AG. This suggests that the firm still believes in the company’s long-term potential and is not completely divesting from its investment. Other major shareholders of On Holding AG, such as BlackRock and Vanguard Group, have also maintained their positions in the company. In conclusion, while the news of William Blair Investment Management LLC reducing its stake in On Holding AG may be concerning for some investors, it is essential to keep in mind that the company still has strong support from other major shareholders. It will be interesting to see how On Holding AG navigates through these challenging times and continues to grow in the future.

Analysis

After conducting a thorough analysis of ON HOLDING AG, I can confidently say that the company has an intermediate health score of 6/10. This evaluation is based on our Star Chart, which takes into account factors such as cashflows and debt. With this score, we believe that ON HOLDING AG is well-positioned to sustain its operations even in times of crisis. Furthermore, ON HOLDING AG falls under the category of ‘gorilla’ companies, according to our classification system. This means that the company has achieved stable and high revenue or earnings growth due to its strong competitive advantage. So, what type of investors may be interested in a company like ON HOLDING AG? Our analysis suggests that this company would appeal to investors who are looking for stable and long-term growth opportunities. The ‘gorilla’ classification also indicates that ON HOLDING AG has a strong competitive edge, making it an attractive option for those seeking a reliable and potentially high-performing investment. This is a strong indication of the company’s ability to generate profits and reinvest in its operations. However, our analysis also shows that ON HOLDING AG is weaker in profitability and dividend payments. This means that while the company has potential for growth, it may not currently be yielding high returns for its shareholders. Overall, our analysis of ON HOLDING AG reveals a company with promising potential for investors. With a solid health score, strong competitive advantage, and growth opportunities, ON HOLDING AG may be a good fit for those seeking a long-term investment with stable returns. However, potential investors should also consider the company’s weaker points, such as profitability and dividends, before making a decision. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for ONON. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for ONON. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for ONON. More…

Key Ratios Snapshot

Some of the financial key ratios for ONON are shown below. More…

Peers

The competition between On Holding AG and its competitors is fierce. All four companies are vying for market share in the competitive landscape. On Holding AG has a strong presence in Europe, while Gfoot Co Ltd and Morito Co Ltd have a strong presence in Asia. Buckle Inc has a strong presence in the United States. Each company is hoping to gain an edge over the others in order to gain a larger share of the market.

– Gfoot Co Ltd ($TSE:2686)

Gfoot Co Ltd is a company that manufactures and sells footwear. The company has a market cap of 12.55B as of 2022 and a Return on Equity of -375.46%. The company’s products are sold in over 20 countries and it has a strong presence in the United States, Europe, and Asia. The company’s products are sold through its own website and through third-party retailers.

– Buckle Inc ($NYSE:BKE)

Buckle Inc is a clothing retailer with a market cap of 1.81B as of 2022. The company has a ROE of 55.65%. Buckle Inc operates stores under the Buckle and Deb brand names. The company offers a variety of product categories, including jeanswear, outerwear, tops, footwear, and accessories.

– Morito Co Ltd ($TSE:9837)

Morito Co Ltd is a Japanese company that manufactures and sells electronic equipment and components. The company has a market cap of 19.72B as of 2022 and a Return on Equity of 5.07%. Morito Co Ltd is a publicly traded company listed on the Tokyo Stock Exchange. The company’s products include digital cameras, camcorders, digital photo frames, and other electronic consumer products.

Summary

William Blair Investment Management LLC, a leading investment firm, has reduced its stake in On Holding AG during the second quarter of this year. This change represents a 6.5% decrease in their position in the company. While this does not provide much context on the overall performance or potential of On Holding AG, it does suggest that William Blair Investment Management LLC may have altered its investment strategy or outlook on the company. Investors should take note of this development and continue to closely monitor the performance and progress of On Holding AG for potential investment opportunities.