ONON

On Holding's stock has declined 23% in 2026 due to an intentional slowdown in wholesale shipments to promote full-price sales. Despite the near-term headwinds, the company maintains strong fundamentals with 34.3% direct-to-consumer sales growth, 65.4% gross margins, and 56.2% apparel sales growth.

Management projects low-20% constant-currency sales growth for 2026 and is expanding into football and golf with a $7 billion sales target. The stock trades at a reasonable 21x trailing earnings with a PEG ratio of 0.49, below analyst consensus price target of $43.55.

On Holding (ONON) closed down 2.85% and is trading at a Forward P/E of 20.53, above its industry average of 14.48. The company maintains a Zacks Rank #3 (Hold) with projected full-year earnings of $1.73 per share and revenue of $4.27 billion, representing 78.35% and 17.37% growth respectively. Despite positive long-term growth expectations, the stock's premium valuation and hold rating suggest caution in the near term.

Zacks Premium offers investment research tools including the Zacks Rank and Style Scores to help investors identify high-performing stocks. The Zacks Rank #1 stocks have averaged +23.82% annual returns since 1988, more than double the S&P 500.

Style Scores rate stocks on value, growth, and momentum characteristics to help investors select securities with the highest probability of outperformance. On Holding (ONON) is highlighted as a stock to watch with a #3 Hold rank and strong momentum metrics.

Amazon and On Holding are recommended as long-term buy-and-hold stocks. Amazon benefits from robotics investments that could save $4 billion annually and trades at a reasonable 32x forward P/E with 20%+ expected earnings growth. On Holding, a Swiss sportswear brand, maintains pricing power with 56% apparel sales growth and trades at an attractive PEG ratio below 1.0, with only 30% global brand awareness offering significant growth potential.

On Holding (ONON), a running-shoe and apparel company, has gained 29.6% over the past month, significantly outperforming the S&P 500. The company shows strong revenue growth projections of 17.4% and 19.9% for current and next fiscal years, with earnings expected to grow 78.4% year-over-year. However, the stock carries a Zacks Rank #3 (Hold) rating and trades at a premium valuation (Grade D) compared to peers, suggesting it may perform in line with the broader market in the near term.

On Holding (ONON) declined 1.29% to $34.74, underperforming the S&P 500's 1.09% loss. Despite a strong monthly gain of 28.76%, the stock carries a Zacks Rank #3 (Hold) rating. Upcoming earnings are projected at $0.51 per share with 14.85% revenue growth expected, though the stock trades at a premium Forward P/E of 20.34 compared to its industry average of 14.6.

Nike's stock has plummeted over 50% as CEO Elliott Hill's turnaround strategy has failed to reverse declining sales, particularly in China where revenue dropped 26% year-over-year. With only 26% of analysts rating it a buy and competitors like On Holding and Deckers Outdoor gaining market share with stronger margins, the article suggests waiting for the new Pace cost-cutting plan to show results before investing, rather than buying into the current pessimism.

On Holding (ONON), a Swiss premium sportswear company, receives a #3 (Hold) rating from Zacks with a VGM Score of B. Despite the hold rating, the company shows strong growth potential with a Growth Style Score of A and forecasted year-over-year earnings growth of 78.4% for the current fiscal year. Two analysts revised earnings estimates higher in the last 60 days, and the company has an average earnings surprise of +25.2%.

On Holding (ONON) closed at $34.04, up 2.47%, outperforming the S&P 500's 0.47% decline. The stock has gained 23.77% over the past month.

Analysts project Q3 EPS of $0.51 (up 2% YoY) and revenue of $1.14 billion (up 14.85% YoY). However, the stock carries a Zacks Rank #4 (Sell) rating with a Forward P/E of 19.2, trading at a premium to its industry average of 13.88.

On Holding (ONON), a running-shoe and apparel company, has gained 21.5% over the past month, outperforming the S&P 500. However, despite strong revenue growth projections of 17.6% for the current fiscal year and 19.7% for the next, the stock received a Zacks Rank #4 (Sell) rating. The company is trading at a premium valuation (Grade D) relative to peers, suggesting potential near-term underperformance despite solid earnings growth expectations.

On Holding (ONON) closed at $30.85, up 2.15%, outperforming the S&P 500. The running-shoe and apparel company has gained 6.49% over the past month.

However, the stock carries a Zacks Rank #5 (Strong Sell) rating despite projections of 76.29% earnings growth and 17.55% revenue growth for the full fiscal year. The stock trades at a Forward P/E of 17.69, above its industry average of 14.07.

On Holding (ONON) closed at $30.20, up 1.99% in the latest session, outperforming the S&P 500. However, the company holds a Zacks Rank #5 (Strong Sell) rating.

While revenue is expected to grow 15.02% next quarter and 17.87% for the full year, EPS is forecasted to decline 6% quarter-over-quarter. The stock trades at a Forward P/E of 17.35, above its industry average of 13.88, despite a favorable PEG ratio of 0.51.

Figs (FIGS) shares rose 6.5% to $14.98 on strong volume, supported by positive earnings expectations of $0.07 per share (+40% YoY) and revenue growth of 19.5%. The company benefits from strong customer engagement, product innovation, and expanding international operations.

Earnings estimate revisions have been revised 1.2% higher over the past month, suggesting continued momentum. The stock carries a Zacks Rank #2 (Buy) rating.

Nike's Q1 results showed mixed performance with revenue declining 4% year-over-year and weak guidance for fiscal 2027, pushing stock near 52-week lows. While the company's 5% dividend yield is attractive and Caitlin Clark's signature shoe launch shows promise for women's sports growth, significant risks remain including declining sales, Greater China challenges, and weak direct-to-consumer performance. Zacks rates NKE as a Strong Sell.

Nike stock has plunged to a 12-year low and was removed from the S&P 100 index due to strategic missteps and rising competition. While the stock trades at a low P/E ratio of 17 with a 4.6% dividend yield, analysts forecast continued revenue declines. The article advises investors to avoid buying before the Oct. 1 earnings report until Nike demonstrates it can reinvigorate revenue growth, as dividend payouts are exceeding free cash flow.