SharkNinja (NYSE:SN) Price Target Raised to $110.00

SharkNinja (NYSE:SN) had its target price increased by Bank of America from $100.00 to $110.00 in a report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

SN has been the topic of a number of other research reports. JPMorgan Chase & Co. boosted their price objective on SharkNinja from $80.00 to $97.00 and gave the stock an overweight rating in a research note on Friday, August 9th. Canaccord Genuity Group upped their price objective on shares of SharkNinja from $82.00 to $90.00 and gave the company a buy rating in a report on Tuesday, July 23rd. Morgan Stanley raised their price objective on shares of SharkNinja from $65.00 to $67.00 and gave the stock an equal weight rating in a research report on Friday, May 10th. 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. Finally, China Renaissance started coverage on shares of SharkNinja in a report on Wednesday, May 29th. They set a buy rating for the company. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $83.81.

SharkNinja Trading Up 2.6 %

Shares of SN opened at $91.44 on Tuesday. SharkNinja has a 52-week low of $29.48 and a 52-week high of $91.76. The stock has a market cap of $12.80 billion and a PE ratio of 67.73. The firm’s fifty day moving average is $76.77 and its two-hundred day moving average is $66.99. The company has a quick ratio of 1.09, a current ratio of 1.92 and a debt-to-equity ratio of 0.49.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.14. SharkNinja had a net margin of 5.16% and a return on equity of 32.94%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the company earned $0.46 EPS. SharkNinja’s revenue was up 31.4% compared to the same quarter last year. Research analysts forecast that SharkNinja will post 4.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Parsifal Capital Management LP grew its stake in shares of SharkNinja by 57.9% in the fourth quarter. Parsifal Capital Management LP now owns 3,171,861 shares of the company’s stock valued at $162,304,000 after buying an additional 1,163,185 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in SharkNinja during the second quarter worth about $190,482,000. Thrivent Financial for Lutherans boosted its stake in shares of SharkNinja by 29.0% in the second quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company’s stock valued at $127,450,000 after purchasing an additional 380,926 shares during the period. Wolf Hill Capital Management LP grew its holdings in shares of SharkNinja by 4.1% in the first quarter. Wolf Hill Capital Management LP now owns 1,405,343 shares of the company’s stock valued at $87,539,000 after purchasing an additional 55,974 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. purchased a new stake in SharkNinja during the 1st quarter worth approximately $62,309,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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.