On Monday, On Holding got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
On Holding is currently extended beyond a proper buy zone after clearing the 44.30 buy point in a consolidation.
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The stock has an 81 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 81% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported 300% earnings growth for Q2. Top line growth climbed 27%, up from 23% in the prior quarter. That marks one quarter of rising revenue increases. The company's next quarterly report is expected on or around Nov. 12.
On Holding holds the No. 1 rank among its peers in the Apparel-Shoes & Related industry group. Deckers Outdoor and Crocs are also among the group's highest-rated stocks.
