Advisors Asset Management Inc. Grows Stake in SharkNinja, Inc. (NYSE:SN)

Advisors Asset Management Inc. grew its position in SharkNinja, Inc. (NYSE:SN) by 20.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,830 shares of the company’s stock after purchasing an additional 4,013 shares during the quarter. Advisors Asset Management Inc.’s holdings in SharkNinja were worth $2,320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Safe Harbor Fiduciary LLC purchased a new position in SharkNinja in the third quarter worth $54,000. R Squared Ltd purchased a new stake in shares of SharkNinja during the fourth quarter valued at $55,000. Northwest & Ethical Investments L.P. purchased a new stake in shares of SharkNinja during the third quarter valued at $163,000. SG Americas Securities LLC purchased a new stake in shares of SharkNinja during the fourth quarter valued at $171,000. Finally, First Dallas Securities Inc. purchased a new stake in shares of SharkNinja during the third quarter valued at $215,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SN. JPMorgan Chase & Co. boosted their price objective on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Canaccord Genuity Group boosted their price objective on shares of SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a report on Friday, February 14th. Jefferies Financial Group boosted their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Morgan Stanley boosted their price objective on shares of SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $122.50.

SharkNinja Trading Down 1.6 %

Shares of SharkNinja stock opened at $87.95 on Friday. The firm has a 50-day simple moving average of $103.78 and a two-hundred day simple moving average of $102.57. The company has a market cap of $12.31 billion, a P/E ratio of 28.28, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. SharkNinja, Inc. has a fifty-two week low of $59.12 and a fifty-two week high of $123.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. As a group, equities analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

About SharkNinja

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.