Bank of America analyst Thierry Cota lowered On Holding’s price target to $46 from $52. The firm maintains a Buy rating on the shares. Cota cited high promotional activity in the U.S. wholesale market as a potential sales constraint.
CEO Caspar Felix Coppetti purchased 65,000 shares. This transaction occurred on August 14. The purchase totaled nearly $2 million in value. Insider Olivier Bernhard also acquired 65,000 shares. These purchases signal internal confidence following a stock price decline after the latest earnings report.