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On Holding's Massive Untapped Market

On Holding is known for making great running shoes, but it's apparel that provides the most upside today.

By Travis Hoium – Jun 27, 2024 at 4:30AM EST

On Holding (ONON 4.43%) has grown at an incredible rate primarily by selling running shoes. But the company's future is much more than that. Apparel is starting to show up in stores, and there's a tremendous amount of potential for clothing from On. Travis Hoium highlights that potential in this video.

*Stock prices used were end-of-day prices of June 25, 2024. The video was published on June 26, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in On Holding. The Motley Fool has positions in and recommends Nike. The Motley Fool recommends On Holding and recommends the following options: long January 2025 $47.50 calls on Nike. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

On Holding Stock Quote
On Holding
NYSE: ONON
$41.45
(-4.43%)-$1.92
Nike Stock Quote
Nike
NYSE: NKE
$57.06
(-1.66%)-$0.97
Dick's Sporting Goods Stock Quote
Dick's Sporting Goods
NYSE: DKS
$197.25
(-2.46%)-$4.97

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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