Burney Co. Cuts Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Burney Co. lessened its holdings in SharkNinja, Inc. (NYSE:SN) by 1.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,921 shares of the company’s stock after selling 120 shares during the period. Burney Co.’s holdings in SharkNinja were worth $771,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SN. FMR LLC boosted its position in SharkNinja by 47.5% during the third quarter. FMR LLC now owns 10,307,632 shares of the company’s stock valued at $1,120,543,000 after purchasing an additional 3,321,684 shares in the last quarter. Baillie Gifford & Co. lifted its position in shares of SharkNinja by 6,408.9% during the third quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company’s stock valued at $198,464,000 after buying an additional 1,797,578 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of SharkNinja by 29.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company’s stock valued at $127,450,000 after buying an additional 380,926 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of SharkNinja in the 3rd quarter worth approximately $114,878,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of SharkNinja by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 750,434 shares of the company’s stock worth $56,401,000 after acquiring an additional 14,140 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Stock Performance

SN opened at $109.61 on Friday. The firm has a 50 day moving average of $100.35 and a two-hundred day moving average of $95.15. The firm has a market capitalization of $15.34 billion, a PE ratio of 42.99, a P/E/G ratio of 1.54 and a beta of 1.10. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. SharkNinja, Inc. has a 12-month low of $45.85 and a 12-month high of $112.93.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.04 by $0.17. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The firm’s revenue was up 33.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.95 earnings per share. On average, analysts anticipate that SharkNinja, Inc. will post 3.89 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on SN shares. Canaccord Genuity Group raised their target price on shares of SharkNinja from $128.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. boosted their target price on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research note on Thursday. Oppenheimer assumed coverage on SharkNinja in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price target for the company. Morgan Stanley boosted their price target on SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group upped their price objective on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a report on Monday, October 21st. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $117.28.

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.