Barrow Hanley Mewhinney & Strauss LLC Reduces Position in SharkNinja, Inc. (NYSE:SN)

Barrow Hanley Mewhinney & Strauss LLC reduced its stake in SharkNinja, Inc. (NYSE:SN) by 18.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,161,835 shares of the company’s stock after selling 713,787 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 2.26% of SharkNinja worth $237,612,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parallel Advisors LLC acquired a new position in SharkNinja in the 4th quarter valued at about $37,000. Headlands Technologies LLC purchased a new position in shares of SharkNinja during the first quarter valued at approximately $66,000. Picton Mahoney Asset Management acquired a new stake in SharkNinja during the second quarter worth approximately $70,000. Kessler Investment Group LLC purchased a new stake in SharkNinja in the 2nd quarter worth approximately $125,000. Finally, Essex LLC acquired a new position in SharkNinja in the 1st quarter valued at $204,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SN. China Renaissance started coverage on SharkNinja in a report on Wednesday, May 29th. They set a “buy” rating on the stock. Bank of America lifted their price target on SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Canaccord Genuity Group increased their price objective on shares of SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. The Goldman Sachs Group boosted their target price on shares of SharkNinja from $83.00 to $102.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, JPMorgan Chase & Co. increased their price target on shares of SharkNinja from $80.00 to $97.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, SharkNinja currently has an average rating of “Moderate Buy” and an average price target of $83.81.

SharkNinja Price Performance

SharkNinja stock opened at $105.77 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $14.80 billion, a P/E ratio of 78.35, a PEG ratio of 1.52 and a beta of 0.76. The firm has a fifty day moving average of $87.18 and a 200-day moving average of $75.19. SharkNinja, Inc. has a 52-week low of $38.69 and a 52-week high of $108.68.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.57 by $0.14. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company posted $0.46 earnings per share. The firm’s revenue was up 31.4% compared to the same quarter last year. As a group, analysts predict that SharkNinja, Inc. will post 3.89 EPS for the current 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.