12 Best Low Priced Growth Stocks to Invest In Now

7. On Holding AG (NYSE:ONON)

Number of Hedge Fund Holders: 51

On Holding (NYSE:ONON) is one of the best low priced growth stocks to invest in now. On May 12, On Holding delivered record Q1 2026 results, with net sales increasing 14.5% year-over-year to CHF 831.9 million (26.4% on a constant currency basis). This performance represents the first time the company has surpassed CHF 800 million in quarterly net sales, supported by balanced growth across both its direct-to-consumer and wholesale channels. The company also achieved a net income of CHF 103.3 million, up 82.2% from the prior year.

Operationally, the brand saw significant regional traction in the Asia-Pacific market, which grew 44.4% to make up over 20% of global net sales. Its apparel segment expanded by 45.1%, while retail hubs continued to develop ahead of scheduled store openings in Stockholm, São Paulo, and Sydney. Driven by full-price discipline and efficiency gains, On Holding’s gross profit margin expanded by 430 basis points to 64.2%, and its adjusted EBITDA margin reached 21.0%.

Following the strong quarter, On Holding (NYSE:ONON) reiterated its full-year 2026 constant currency net sales growth guidance of at least 23% and raised its profitability outlook. The company now expects a full-year gross profit margin of at least 64.5% and an adjusted EBITDA margin between 19.5% and 20.0%, despite ongoing headwinds from higher US tariffs.

On Holding (NYSE:ONON) is a Swiss company that designs and manufactures premium athletic footwear, apparel, and accessories. The company is best known for its patented CloudTec cushioning technology.