On Holding

ONON

Market cap $15.3B

Nearly two months into 2026, some of the early contenders among top-performing stocks have already zipped past the broader market. This is not especially difficult to do, seeing that the S&P 500 is only up less than 1% year-to-date (YTD), but big rallies from leaders like Valaris PLC NYSE: VAL (up 80% since the start of the year) would impress in even more of a boom period for the broader market.

On Holding (ONON) concluded the recent trading session at $46.79, signifying a -1.37% move from its prior day's close.

Nike missed some opportunities over the past few years, but it's still the leader in the industry -- by far. Up-and-coming rival On Holding is capturing market share and has many levers to pull to keep growing.

Zacks.com users have recently been watching On Holding (ONON) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Performance in the fourth quarter was led by our exposure to consumer-focused investments as the consumer remains resilient despite macro worries. Shares of FIGS increased 69.8% in the fourth quarter and added 161 bps to performance as the company continues to generate strong results. Shares of Hyatt Hotels increased 13.1% and added 60 bps to performance as the company reported strong RevPAR and unit growth rates despite concerns about the macro economy.

On Holding (ONON) reached $47.33 at the closing of the latest trading day, reflecting a +1.44% change compared to its last close.

DECK, ONON, TPR, AEO and FIGS are five top-ranked apparel and shoe stocks poised for stability in 2026 as steady demand and brand strength drive growth.

Dutch Bros has the potential to open thousands of locations. On Holding's international momentum underscores its long growth runway.

E.l.f. Beauty is demonstrating tremendous brand power with its focus on quality at an affordable price. Demand for On footwear remains strong, with sales surging 35% year over year in the most recent quarter.

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