Vanguard Group Inc. Boosts Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Vanguard Group Inc. grew its holdings in SharkNinja, Inc. (NYSE:SN) by 8.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 55,735 shares of the company’s stock after buying an additional 4,411 shares during the quarter. Vanguard Group Inc.’s holdings in SharkNinja were worth $3,472,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC purchased a new stake in shares of SharkNinja during the fourth quarter worth $37,000. Headlands Technologies LLC bought a new position in SharkNinja in the 1st quarter worth about $66,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of SharkNinja during the first quarter valued at about $77,000. Essex LLC purchased a new stake in shares of SharkNinja in the first quarter worth about $204,000. Finally, Deuterium Capital Management LLC purchased a new position in SharkNinja during the fourth quarter valued at approximately $256,000. 34.77% of the stock is owned by institutional investors.

SharkNinja Price Performance

Shares of SharkNinja stock opened at $91.08 on Monday. The firm has a market capitalization of $12.75 billion and a PE ratio of 67.47. The company has a current ratio of 1.71, a quick ratio of 1.09 and a debt-to-equity ratio of 0.46. SharkNinja, Inc. has a 12 month low of $29.95 and a 12 month high of $92.11. The business’s 50-day moving average price is $77.08 and its 200-day moving average price is $67.54.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.57 by $0.14. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the firm posted $0.46 earnings per share. The business’s revenue was up 31.4% compared to the same quarter last year. Sell-side analysts forecast that SharkNinja, Inc. will post 4.22 EPS for the current fiscal year.

Analyst Ratings Changes

SN has been the subject of several recent analyst reports. UBS Group boosted their price objective on shares of SharkNinja from $76.00 to $83.50 and gave the company a “buy” rating in a research note on Friday, May 10th. JPMorgan Chase & Co. increased their price objective on SharkNinja from $80.00 to $97.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Bank of America boosted their target price on SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Morgan Stanley raised their price target on SharkNinja from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Finally, Canaccord Genuity Group boosted their price objective on SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, SharkNinja presently has an average rating of “Moderate Buy” and an average target price of $83.81.

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.