Harbor Capital Advisors Inc. Grows Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Harbor Capital Advisors Inc. boosted its stake in shares of SharkNinja, Inc. (NYSE:SN) by 30.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,403 shares of the company’s stock after purchasing an additional 27,436 shares during the period. Harbor Capital Advisors Inc. owned about 0.08% of SharkNinja worth $11,430,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new position in SharkNinja in the second quarter worth approximately $382,000. Rhumbline Advisers lifted its position in SharkNinja by 1,810.4% during the second quarter. Rhumbline Advisers now owns 60,769 shares of the company’s stock valued at $4,567,000 after purchasing an additional 57,588 shares in the last quarter. William Blair Investment Management LLC purchased a new position in SharkNinja during the second quarter valued at $190,482,000. Dimensional Fund Advisors LP grew its holdings in SharkNinja by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 750,434 shares of the company’s stock valued at $56,401,000 after purchasing an additional 14,140 shares during the period. Finally, Quantbot Technologies LP increased its position in SharkNinja by 43.3% in the second quarter. Quantbot Technologies LP now owns 89,621 shares of the company’s stock worth $6,735,000 after buying an additional 27,075 shares in the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SN shares. JPMorgan Chase & Co. cut their price target on SharkNinja from $128.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. The Goldman Sachs Group increased their target price on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Guggenheim boosted their price target on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Canaccord Genuity Group increased their price objective on shares of SharkNinja from $128.00 to $129.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Jefferies Financial Group boosted their target price on shares of SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, SharkNinja has an average rating of “Moderate Buy” and an average price target of $116.50.

SharkNinja Trading Up 3.2 %

SharkNinja stock traded up $3.32 during trading hours on Friday, hitting $105.54. The company had a trading volume of 520,213 shares, compared to its average volume of 732,693. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The firm has a market cap of $14.77 billion, a P/E ratio of 41.39, a P/E/G ratio of 1.65 and a beta of 1.10. The company has a 50-day moving average price of $98.92 and a two-hundred day moving average price of $94.11. SharkNinja, Inc. has a 1 year low of $45.85 and a 1 year high of $112.93.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.17. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. SharkNinja’s quarterly revenue was up 33.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 earnings per share. On average, sell-side analysts anticipate that SharkNinja, Inc. will post 3.88 earnings per share for the current 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.