New York State Teachers Retirement System Makes New $43,000 Investment in SharkNinja, Inc. $SN

New York State Teachers Retirement System purchased a new position in shares of SharkNinja, Inc. (NYSE:SN) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 434 shares of the company’s stock, valued at approximately $43,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Forum Financial Management LP grew its position in SharkNinja by 5.3% during the 1st quarter. Forum Financial Management LP now owns 2,872 shares of the company’s stock worth $240,000 after purchasing an additional 144 shares during the period. GAMMA Investing LLC grew its position in SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company’s stock worth $30,000 after purchasing an additional 155 shares during the period. Xponance Inc. grew its position in SharkNinja by 5.4% during the 1st quarter. Xponance Inc. now owns 4,273 shares of the company’s stock worth $356,000 after purchasing an additional 220 shares during the period. Envestnet Asset Management Inc. grew its position in SharkNinja by 2.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 18,948 shares of the company’s stock worth $1,580,000 after purchasing an additional 396 shares during the period. Finally, Harbour Investments Inc. grew its position in SharkNinja by 5,800.0% during the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company’s stock worth $34,000 after purchasing an additional 406 shares during the period. 34.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SN. Canaccord Genuity Group increased their target price on shares of SharkNinja from $127.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Wall Street Zen lowered shares of SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Jefferies Financial Group set a $175.00 target price on shares of SharkNinja in a research note on Monday, June 30th. JPMorgan Chase & Co. lowered their target price on shares of SharkNinja from $136.00 to $131.00 and set an “overweight” rating on the stock in a research note on Friday, October 10th. Finally, Zacks Research lowered shares of SharkNinja from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $126.71.

SharkNinja Price Performance

Shares of SharkNinja stock opened at $96.95 on Friday. The business has a 50 day simple moving average of $107.58 and a two-hundred day simple moving average of $100.09. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $128.51. The stock has a market capitalization of $13.68 billion, a P/E ratio of 26.49, a PEG ratio of 1.74 and a beta of 1.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.20.

SharkNinja (NYSE:SN) last announced its earnings results on Thursday, August 7th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.19. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The business’s revenue was up 15.7% compared to the same quarter last year. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. As a group, analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

SharkNinja Company Profile

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.